Risk Management
December 19, 2024
Vacant Property Risks
Vacant construction sites face the risks of theft, trespassing, fires and other hazards. Potential losses might include the value of damaged or stolen materials, the liability of an individual being injured on the property, and the costs of organizational disruptions if an essential piece of equipment is vandalized or taken. The insurance risks and liabilities...
December 12, 2024
Commercial Real Estate Trends to Watch in 2025
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine the factors that may impact their coverage. For 2025, there are a host of sweeping market developments to consider. Extreme Weather Events Extreme weather events—such as hurricanes, tornadoes, hailstorms and...
December 10, 2024
FMCSA Announces Changes to Its Crash Preventability Determination Program
On Dec. 4, 2024, the Federal Motor Carrier Safety Administration (FMCSA) published a notice that announced changes to its Crash Preventability Determination Program (CPDP), responded to comments and outlined the steps for implementation. The FMCSA decided to change the list of existing crash types to those proposed in the April 13, 2023, notice to encompass...
December 5, 2024
Holiday Shopping Online? Remember These Cybersecurity Tips
Online shopping has made it easier than ever to peruse the wares of various businesses and vendors from the comfort of your own home as you search for the perfect gifts this holiday season. However, conducting transactions over the internet always involves inherent risks, as cybercriminals may be lying in wait. As you check friends...
November 27, 2024
Strategies for Maintaining Safety Standards Amid a Labor Shortage
The construction industry faces a critical labor shortage, with over three-quarters of contractors struggling to fill open positions. Approximately 80 percent of these contractors cite the lack of skilled, experienced workers as a significant safety and health risk to their employees. The sector’s safety challenges are underscored by government data identifying construction as the industry with...
Supporting Mental Health for a Safer Workplace
Mental illness is a prevalent issue in the United States. According to the National Institute of Mental Health, more than 1 in 5 (23.1%) adults live with a mental illness. These conditions can range from mild to severe, with the potential to significantly impact individuals and their ability to thrive in the workplace. Proactive measures...
November 26, 2024
California Employment Laws Effective Jan. 1, 2025
Most new bills in California become effective on Jan. 1 of the following year once approved by the state Legislature and the state governor (though some exceptions are possible for emergency measures and when the bills specifically appoint a different effective date). This Legal Update provides an overview of labor and employment laws California adopted...
November 21, 2024
Working Safely in Cold Weather
Workers exposed to cold conditions are at risk of hypothermia, frostbite, dehydration and muscle injuries. To prevent injuries and illness while working in winter weather, it’s crucial to understand safety considerations related to cold exposure. Signs of Cold-related Injury and Illness If you or a co-worker have any of the following symptoms, get indoors and...
November 19, 2024
The Role of Coinsurance and Sublimits in Cyber Insurance
Cybercriminals increasingly use sophisticated methods to infiltrate businesses’ computer systems and networks, putting sensitive data and personally identifiable information at risk. With cyberthreats evolving in scope and complexity, businesses of all sizes and industries face potentially devastating financial and reputational damages. To manage these risks, leaders should adopt robust cyber defenses and follow cyber hygiene...