An economy like the Philippines which is made up of hundreds of thousands of small and medium enterprises (SMEs), employees are instrumental in driving the success of recovery efforts.
Yet behind the momentum of thriving in the “now normal” lurks the financial risk that comes with the
increased likelihood of sickness among workers. Sickness and accidents happen when one least expects it and the resulting expenses from hospitalization, rehabilitation, medicines, and other treatment can
easily set one back by millions of pesos. SMEs, by nature, are particularly exposed to this kind of
liability, in addition to the intangible losses this may incur, such as reputation damage from service
disruption.
