Risk Management

July 28, 2021

Promoting Cybersecurity in the Expanding Digital Economy

At the initial onset of the COVID-19 pandemic, organizations across industry lines were forced to implement digital offerings in an effort to remain operational. This shift to predominantly remote activities—such as video chatting, online shopping, electronic payments and contactless deliveries, among others—changed the way consumers were able to receive goods and services. Specifically, the pandemic...

July 26, 2021

What Does Builder’s Risk Insurance Cover?

Builder’s risk insurance provides property coverage for buildings and structures that are under construction. If you’re a builder or a commercial property owner, you could face considerable monetary loss if something goes wrong with the construction of a building if you don’t have builder’s risk insurance. This coverage is also known as “course of construction...

July 19, 2021

The Impact of Biden’s Competition Executive Order on the Health Care Industry

The American economy is finally recovering after more than a year of stagnation due to the COVID-19 pandemic. President Joe Biden’s administration wants to continue this momentum and further stimulate the economy. To help in that effort, President Biden recently signed an executive order aimed at increasing competition among businesses. According to the White House,...

July 14, 2021

OSHA Actions Impact the Construction Industry

The Occupational Safety and Health Administration (OSHA) is planning to take actions that will directly impact employers in the construction industry. Among the most prominent are the proposed amendments to the Hazard Communication Standard (HCS) that are being designed to conform to changes in the United Nations’ Globally Harmonized System of Classification and Labeling of Chemicals (GHS)....

July 13, 2021

How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050

A Cornell University-led research team has calculated that by the year 2050, vehicle electrification, driverless cars and ride sharing could prevent 5,500 premature deaths and save $58 billion annually, while simultaneously slashing U.S. petroleum consumption by 50% and carbon dioxide emissions by 75%. The researchers projected vehicle stocks, distance traveled, energy usage and carbon dioxide...

July 8, 2021

Five Ways Nonprofits Can Improve Cybersecurity

Nonprofit (or not-for-profit) organizations operate by paying employees a fair wage but utilize donations, volunteer work and government support to fulfill their mission. In many cases, they have slim budgets and little funding for the cybersecurity solutions that many businesses take for granted.   Since nonprofits might not have the funding to implement the latest cybersecurity defensive...

July 7, 2021

Managing Re-entry Anxiety Related To The COVID-19 Pandemic

With the COVID-19 vaccine becoming much more widely available across the country, the topic of returning to in-person work, school and other activities is being discussed constantly. The reopening of the country, though, comes with some uncertainties and may lead to feelings of re-entry anxiety. What Is Re-entry Anxiety? Re-entry anxiety is an overall uneasiness...

June 30, 2021

5 Human Resource Challenges Facing Small Businesses Today

Unfortunately, there are no shortcuts when it comes to effective HR management. So, if you are an entrepreneur who plans to hire employees, do yourself a favor. Consider these five HR challenges in making sure you are compliant in all aspects of your business. 1. Staying up to date on all current laws and regulations The legal landscape...

June 28, 2021

Preventing Theft at the Construction Site

Job site theft has become a rising concern for construction employers across the country—resulting in the loss of valuable equipment and materials. In fact, the latest research revealed that such theft currently accounts for an estimated $1 billion in annual costs throughout the construction sector. What’s more, overall losses related to construction site theft have...

June 25, 2021

7 Key Trends Affecting 2021’s Hard Insurance Market

Around the one-year mark since the start of the pandemic, markets began to experience the lasting effects of the challenges presented to them in 2020. While I’m hopeful that there is light at the end of the COVID-19 tunnel, we’ll likely see hardening market conditions persist throughout 2021. Below, I explore in-depth some of the...