risk management
March 8, 2023
Construction Industry Trends to Watch
The construction industry consists of companies that construct, maintain and repair buildings and other structures (e.g., roads, bridges and utility systems). This sector plays a vital role in the U.S. economy by keeping residential areas, commercial facilities and local infrastructure in good condition, thus supporting the safety and welfare of communities across the nation. In...
March 7, 2023
Construction Site Suspension Trauma
The risk of serious injury or death doesn’t end after a construction worker’s fall has been arrested. Although personal protective equipment (PPE) may prevent ground impacts, it may leave you or your co-workers vulnerable to the harmful effects of suspension trauma, also known as orthostatic intolerance or harness hang syndrome. Suspension trauma can occur due...
February 28, 2023
Manufacturing Industry Trends to Watch
The manufacturing sector consists of businesses that utilize raw materials to generate finished products. Due to the range of items this industry plays a role in producing (e.g., food and beverages, textiles, apparel, wood products, chemicals, plastics, metals, electronics, machinery and furniture), it contributes significantly to the overall economy. Further, this sector has experienced considerable...
February 20, 2023
Revealed – Issues Challenging Commercial P&C in Today’s Environment
Commercial property and casualty (P&C) insurance carriers have been delivering strong financial performance in recent years despite the widespread disruption caused by the COVID-19 pandemic and other global events, according to a recent McKinsey report. The report noted that premiums have been driven by extensive risk-adjusted rate hardening on a year-on-year basis, resulting in an...
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:...