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 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 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 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...
June 21, 2021
8 Policies to Review Before Returning to Work
Returning to in-person work is a top priority for many workplaces. As the impact of the COVID-19 pandemic lessens, employers are eager to get employees back in their buildings. But that comes with a series of complications. The most significant complication is the fact that every workplace decision in the immediate future will be viewed...
June 17, 2021
How to Evacuate a High-Rise Building
When asked, most people would say that they should “stop, drop, and roll” if their clothes caught fire. There are a few other basic rules most people know to follow, such as crawling on the ground because smoke rises. But many residents of apartment buildings are fuzzy on the details when it comes to emergency...
June 7, 2021
Industries That Experience the Most Fatal Work Injuries
During 2019, a total of 5,333 fatal occupational injuries occurred, marking the largest annual number since 2007, according to the U.S. Bureau of Labor Statistics (BLS), which reported an American died every 99 minutes from a work-related injury. Overall, fatal work injuries increased by 2% nationwide during the year. Further, the fatal work-injury rate did not change...