Risk Management
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 27, 2021
Prioritizing Mental Health in the Construction Industry
There’s a variety of potential health and safety exposures for construction employers like you to consider at the job site, including falls from height, electrocution hazards and struck-by incidents, to name a few. Yet, one concern that often gets overlooked is employees’ mental well-being. Recent research found that over 80% of construction workers have felt...
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...
September 27, 2021
How to Safely Utilize Temporary Heaters at the Construction Site
As summer ends and outdoor temperatures begin to drop, it’s important for construction employers like you to find ways to keep the job site warm. Doing so can offer a variety of benefits, such as ensuring employee comfort, preventing frozen pipe concerns and permitting construction materials and equipment to function appropriately in cold weather. Temporary...
September 22, 2021
Catastrophes and COVID-19 Fallout Proving Especially Challenging for Real Estate Companies
Among the many industries suffering from the dual impact of COVID-19 and severe weather events, few would want to trade places with the real estate sector. Between tenants having difficulty paying rent or trying to break leases, a myriad of rules around COVID-19 safety, volatile construction material and labor costs, and record-breaking hurricane and wildfire...
September 15, 2021
Risk Management Has Never Been So High Up the Corporate Agenda
The global COVID-19 crisis has highlighted how critical risk management is for virtually all organizations, especially at this delicate stage of recovery amid the threat of the virus’ resurgence caused by the Delta variant. According to Claire Combes, chairperson of UK-based risk management association Airmic, the pandemic has shown the importance of understanding and managing...