April 28, 2022
Understand your cyber risks. Businesses are vulnerable to cyberattacks through hacking, phishing, malware, and other methods. Train Staff. Those engaged in cyberattacks find a point of entry into a business’ systems and network. A business’ exposure can be reduced by having and enforcing a computer password policy for its employees. Keep Software Updated. Businesses should […]
April 15, 2022
The short answer is, To protect insureds from cybersecurity risks. Cybersecurity is no longer the emerging risk it was just a few years ago. Rather, it is a clear and present risk for organizations of all sizes, said panelists at the Insurance Information Institute’s (Triple-I) Joint Industry Forum (JIF). This is in large part because […]
March 31, 2022
The National Roadway Safety Strategy (NRSS) is “a roadmap for addressing the national crisis in roadway fatalities and serious injuries.” We cannot tolerate the continuing crisis of roadway deaths in America. These deaths are preventable, and that’s why we’re launching the National Roadway Safety Strategy today — a bold, comprehensive plan, with significant new funding […]
March 15, 2022
Several extraordinary events have taken place in the past few years that will influence the role of insurance for many years to come. Boston-based Risk Strategies Co. has identified these events in their latest “State of the Market Report” They are: The COVID-19 global pandemic, impacting businesses across every sector. The rise in frequency and […]
February 23, 2022
It is estimated that in 2021, almost half of all constructions firms (47 percent) are building over 60 percent of their projects using “green building” methods and materials, typically in ways that also reduce insurance costs. Some specific areas in which green construction benefits both commercial and residential construction include: Siting and design efficiency — […]
February 11, 2022
If you have company trucks to provide service offsite or to deliver products, your drivers spend a lot of time on the road. Check out these tips for improving safety and reducing costs: Make sure your drivers have safety gear onboardStock your trucks with warning triangles, first aid kits, LED flares, warning flags, and make […]
January 27, 2022
Are you an employer who started letting employees work from home during the COVID-19 pandemic? Or maybe telecommuting has been part of your work environment even before the pandemic. In any case, here are some things to be aware of to protect your firm from litigation. As a first step, the best thing you can […]
January 14, 2022
In June, plaintiffs were awarded a $222 million verdict against a power company in Kansas for a plant operator killed in a steam accident. In the same month, a jury awarded a bar patron in Illinois $22 million when an employee forcibly removed him from the bar and dropped him on his head, fracturing his […]
December 22, 2021
As underwriters and others use data sets such as those provided and analyzed by Praedicat and Verisk and others to make underwriting decisions (see our story, “The Future of Underwriting”), there is often a fine line between what is public and what is private information. Where does one draw that line? A recent incident reported […]
December 13, 2021
The pandemic has forced us to adapt how we do business and many of these adaptations have made a permanent impact on our world. The tremendous growth in Work from Home (WFH), restaurant food delivery services and virtual meetings mark some of the major changes we’ve seen. In the insurance industry, the focus has been […]
