Business
November 15, 2021
Cybersecurity Confidence Gap in Hospitality, Restaurant and Retail Sectors
New data released from Cornell University’s Center for Hospitality Research and FreedomPay, a global leader in data-driven commerce, reveals that while nearly all (96%) surveyed retail, restaurant and hospitality stakeholders are confident in their companies’ internal risk assessment processes, their satisfaction (95%) in the security of their systems is misaligned with reality, as one-third of...
November 12, 2021
Mitigating Workers’ Comp Claims for Remote Employees
As many employees have adjusted to working from home, trading their cubicle for a kitchen table and the board room meetings for Zoom appointments, many have become accustomed to making a workplace out of practically anywhere. Of course, some of these changes come with implications, especially in the workers’ compensation arena. Identifying a few key...
November 11, 2021
Construction Sector Faces Risk Management Hurdles
SAN DIEGO – The construction sector faces a broad range of risk management and productivity challenges that need to be overcome for the sector to thrive, a construction executive said Monday. The COVID-19 pandemic, social unrest, rapid technological change, personnel shortages and climate change have combined to pose serious threats to companies operating in the...
November 9, 2021
Building a Culture of Wellbeing in a Hybrid Workforce
Hybrid models of working — with some employees remote, some in the office and some with a varied schedule — are here to stay. While this flexible approach is appealing to employees, it often poses a challenge for employers who wish to build and maintain a vibrant and productive workplace culture. We know that culture...
November 2, 2021
Fire Risk and the Return to Office
Fire is one of the oldest and most devastating risks businesses face. A fire can completely destroy a business’ premises and equipment in a very short time, as well as seriously injure or kill employees, visitors and customers. With many businesses’ facilities seeing reduced use due to the COVID-19 pandemic, fire risk management may slip,...
October 25, 2021
Cyber Risk Accrual in U.S. Commercial Property Could Trigger $12B Loss
The accumulation of cyber risk in the U.S. commercial property insurance market could trigger a one-in-100-year loss of $12.5 billion, which would cause a downward transition in the AM Best capital adequacy ratio (BCAR) for nearly 20 U.S. property carriers, according to a study by CyberCube, AM Best and Aon plc. The research indicates that insurers...
October 21, 2021
Workers’ Comp and the Supply Chain Crisis
There has been a tremendous focus in recent weeks on the fragilities of our nation’s supply chain. Some everyday products are in frighteningly short supply, hundreds of container ships are waiting weeks to be unloaded, and ominous warnings are being issued that Christmas may not be coming this year. It should be noted that those...
October 18, 2021
Boost Your Company’s Safety Culture
Safety culture is a much-discussed concept these days, but what does it actually mean? According to the Occupational Safety and Health Administration’s (OSHA) Construction Safety & Injury Prevention Program Workbook, “a culture is an attitude that develops over time, based upon learning, personal experiences, beliefs, and upbringing; and is widely demonstrated by company staff. While adjusting...
October 14, 2021
Best Practices to Facilitate a Successful Benefits Rollout
Keeping employees motivated and productive in the current environment is a difficult task on its own, but when you factor in employees who are struggling financially, it’s a whole other ball game. As an employer, you want to help provide solutions by offering desirable benefits like pet insurance, flexible time off, early wage access and...
October 11, 2021
Nonprofit Risk Insights – Governance Best Practices
Governance refers to the strategic direction of an organization and encompasses a variety of functions, including financial viability and how successfully the organization is fulfilling its mission. For nonprofits, governance entails setting direction, making policy and strategy decisions, overseeing and monitoring organizational performance and ensuring overall accountability. Effective governance requires leadership and accountability from all...