risk management
February 14, 2023
How Captives and Program Solutions Can Benefit Insureds Amid Social Inflation and Rising Insurance Prices
As markets harden, insureds from every sector may be experiencing hefty premium increases across lines. In recent years, as the insurance industry has attempted to balance its books in the face of inflation and the aftermath of the COVID-19 pandemic, rate increases have become the norm, even for businesses with good loss histories. Take the...
February 13, 2023
Four Benefits of Quickly Reporting Workers’ Comp Claims
Workplace injuries are a reality that many small businesses face — especially those in higher-risk industries such as manufacturing, construction and transportation. Workplace accidents happen, regardless of the industry, so it’s important to understand the benefits of efficient reporting of workers’ comp claims. The amount of time it takes to report claims can have a...
February 9, 2023
Returning to the Fundamentals of Risk Management
The beginning of the year marked the return of the annual World Economic Forum in Davos, Switzerland, with the theme of “Cooperation in a Fragmented World”. For more than 50 years, the Davos Forum has brought together business leaders, governments, academics, and civil society experts to address and discuss the world’s most pressing challenges. Coinciding...
February 7, 2023
Email Security Best Practices
Since organizations rely heavily on email to communicate and conduct business operations, cybercriminals commonly target email as an entry point to access networks and breach valuable business data. In fact, 94% of malware is delivered by email, according to Verizon’s Data Breach Investigations Report. Following a cybersecurity breach, organizations may suffer financial, reputational and intellectual...
February 1, 2023
Managing Real Estate Assets Through Inflation
While the signals are mixed, there are signs that inflation is finally easing. We can debate the measures the Fed and the Biden administration have taken to push back against rising costs, but inflation control would undeniably be a good thing for the bottom lines of investment real estate properties. Job market and supply chain...
January 26, 2023
Frequently Cited OSHA Standards – 2022
OSHA keeps records not only of the most frequently cited standards overall but also within particular industries for each fiscal year. Understanding these standards and taking proactive steps to avoid violations can go a long way toward ensuring workplace safety. When it comes to the manufacturing industry, the following standards were most cited in 2022:...
January 23, 2023
Tips on Safe Construction Work in Winter
Safety is always important on a construction site, but that is even truer in winter when snow, ice, rain, high winds, and low temperatures can add to the risk of slipping, falling, or other types of injuries. Even equipment used during winter to warm the air for workers or to help concrete set carries its own...
January 18, 2023
Catastrophe Losses Hit $120 Billion in 2022
Insured natural disaster losses hit an estimated $120 billion in 2022, with North America making up the bulk of the tally due to the devastation caused by Hurricane Ian, according to Munich Re. Economic losses reached $270 billion, down from $320 billion in 2021. While overall losses were close to average, insured losses were well...
January 9, 2023
Personal Protective Equipment Considerations for Women
Historically, the construction industry has largely been a male-dominated field. In fact, according to the U.S. Bureau of Labor Statistics, women currently account for just 10.3% of those employed within the sector—a statistic that has been relatively steady for much of the past two decades. As a result of this workforce trend, many suppliers and...
January 5, 2023
4 Critical Threats Nonprofits Will Face in 2023 — and How to Prepare for Them
Every quarter of society was presented with challenges that began with the COVID-19 pandemic, and the nonprofit sector was no exception. Ongoing economic volatility has placed even more strain on nonprofits as they face greater demand for their services, disruption of operations due to labor shortages and uncertainty over funding. Through it all, nonprofits have...