Risk Management
November 28, 2022
Working Safely in Cold Weather
Winter weather poses a number of safety risks, particularly for employees who spend a lot of time working outdoors. Prolonged time in the cold may result in serious ailments or even death. Injuries and illnesses associated with exposure to extreme cold include: Frostbite—This condition occurs when the skin is exposed to cold or windy weather...
November 21, 2022
The Top 3 Questions Agents Ask about Builders Risk
Design on a Dime, Property Brothers, Man Cave, This Old House, Flip or Flop — These popular TV shows draw millions of viewers with stories featuring renovations of run-down or dated homes. Television producers don’t tell you that the contractor and property owner all face risks in the renovation process — risks that are distinct from...
November 17, 2022
How to Remain Profitable in a Hardening Insurance Market
The insurance industry is experiencing a hardening market right now. That means the market cycle is on an upswing, premiums are increasing, and carriers’ capacity for most types of risk is decreasing. While there are various opinions about what a hard market looks like in comparison to a soft market, its underlying causes and repercussions are universally agreed upon. The...
November 15, 2022
Moving Toward a Sustainable Safety Culture
Although more than three-quarters of hiring organizations said improving safety culture alignment among their contractors is the most effective approach for driving down serious injuries and fatalities in the workplace, but only around 20% of organizations believe they have achieved a sustained safety culture, according to a survey by ISN Software Corp. In order to move...
November 8, 2022
New Tactics to Watch in Workers’ Comp Fraud Investigations
Workers’ compensation fraud takes three main forms — claim fraud, premium fraud and provider fraud — and the effects on honest employers and employees can be devastating. New analysis from the Coalition Against Insurance Fraud found the combined fraud burden for the workers’ comp line weighs in at $32 billion per year. Luckily, new investigation efforts based...
November 3, 2022
Well-Prepared Leaders Embrace Risk
Well-prepared leaders embrace risk and make better decisions during times of economic uncertainty, according to a new study by Aon. Aon’s 2022 Executive Risk Survey, Making Better Decisions in Uncertain Times, was compiled from more than 800 interviews with C-suite and senior executives from companies with 500 or more employees. Respondents were asked questions about what...
October 31, 2022
Duties in the Event of a Commercial Property Loss
Most people understand that insurance companies have a duty to reimburse insureds for commercial property damage not excluded by their policies. What’s lesser known is that if a loss does occur, insureds also have duties they owe to their insurance company. Many commercial property insurance policies include language detailing steps that must be taken following...
October 28, 2022
Preventing Slips, Trips and Falls During Winter
As temperatures begin to drop, walkways can quickly become hazardous due to snow and ice. Winter slips and falls at businesses are common sources of injuries for visitors and employees alike. As an employer, it’s crucial to maintain the safety of your property and keep your employees and visitors safe. Whether you take care of...
October 26, 2022
Minimizing Caught-in or -between Hazards
Caught-in or -between hazards may cause injuries if a person is squeezed, caught, crushed, pinched or compressed between two or more objects, or between parts of an object. Such accidents can occur in any industry. Common workplace conditions that can lead to caught-in or-between hazards include: Working with unguarded moving parts Working in unprotected excavations...
October 17, 2022
Insuring the Climate Transition: 3 Ways Severe Weather Is Increasing Environmental and Pollution Liability
This August, as Death Valley experienced a 1,000-year rain event, all Steve Tagert could see were the pollution risks. In a matter of hours, nearly a year’s worth of rain poured from the sky. The desert park experienced flooding and road closures. Portions of Highway 190 in California had to be shut down. Tagert, who is...