risk management
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...
December 29, 2022
Protecting Your Construction Site from Fire, Water and Theft
Long after the workday ends, risks continue at construction sites, as fire, theft and water can cause significant property damage and can potentially delay project timelines and impact budgets. The presence of combustible materials, the lack of effective security controls and unstable structural elements can make sites more vulnerable to loss. Buildings under construction or...
December 21, 2022
Why Private Companies Need D&O Insurance
Directors and officers (D&O) insurance provides corporate directors and officers with coverage for managerial decisions that negatively impact the company. This insurance may generally cover legal fees, settlements, and other costs related to their defense. All types of businesses should seriously consider D&O insurance, but there’s a common misconception that private companies may not need...
December 20, 2022
Economic Factors Will Dictate Risk Trends for 2023
While there are varying measurements of what qualifies as a recession, the consensus is that rising interest rates and high inflation will continue to put the financial squeeze on Americans in the new year. In these economic conditions, it’s likely insurance companies will see an uptick in claims related to inflation and the heightened cost...
December 14, 2022
It’s a Wrap: Key Issues Insurers Faced in 2022
Insurers faced some tough challenges in 2022, including a few that threatened their very existence. Astronomical jury verdicts, AI deep fakes, seemingly unending numbers of claims seeking compensation for coronavirus business shutdowns — more than a few industry lawyers spent sleepless nights beating back litigation that targeted the very core of the industry’s stability. Here’s...
December 13, 2022
A Look at Cybersecurity in 2022 and Into 2023
As the year comes to an end, it only feels natural to reflect upon the 2022 landscape overall regarding cybersecurity and look ahead at what may come in 2023. The year had its ups and downs, and frankly, due to the increase in bad actors there were more downs than ups. The healthcare industry was...
December 8, 2022
Businesses Advised to Review D&O, Other Policies for ESG Risks
Businesses should review their directors and officers liability insurance and other policies to better understand how they would protect them from a widening array of claims arising from environmental, social and governance risks, a panel of experts said Wednesday. Heightened SEC enforcement actions against investment advisers, on whistleblower tips, and on company disclosures, show the...
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...
October 11, 2022
5 loss prevention methods for construction clients
Tools and equipment used on construction sites are often subject to theft and vandalism — creating project delays and impacting costs. Over time, multiple claims may also increase insurance premiums. While not every loss can be prevented, there are improved methods for safeguarding construction equipment that go beyond fences and standard locks. When creating a...