risk management
January 16, 2025
Preventing Theft and Vandalism for Small Businesses
Theft and vandalism pose significant risks to small businesses across all industries. These incidents can lead to financial losses, property damage and operational disruptions. Given these potential consequences, business leaders must take steps to safeguard their organizations. Theft and vandalism can affect a small business’s finances and operations, so business leaders should take steps to...
January 14, 2025
OSHA Form 300A Posting Requirements Begin Feb. 1
The Occupational Safety and Health Administration (OSHA) requires employers subject to its recordkeeping requirements to post copies of their OSHA Form 300A between Feb. 1 and April 30 of each year. The OSHA Form 300A, also known as the “Summary of Work-related Injuries and Illnesses,” must be completed by Feb. 1 using data from the...
December 31, 2024
2025 Cyber Insurance Trends to Watch
With the fast-changing nature of cyberthreats, cyber insurance can be an especially volatile and dynamic segment, and frequent market changes can make pricing predictions difficult to pin down. The CrowdStrike and Change Healthcare incidents highlighted the greater impact of just one cyberattack across multiple organizations and business sectors. Given the potential impact of systemic events...
December 30, 2024
Workplace Fatalities Down 3.7%, According to BLS
The U.S. Bureau of Labor Statistics (BLS) recently released its 2023 national census of fatal occupational injuries. The census, which represents the most recent figures, discusses key findings related to fatal occupational injuries in 2023. As a whole, fatal injuries were down 3.7% in 2023 compared to 2022, which saw 5,486 fatal injuries. There were...
December 19, 2024
Vacant Property Risks
Vacant construction sites face the risks of theft, trespassing, fires and other hazards. Potential losses might include the value of damaged or stolen materials, the liability of an individual being injured on the property, and the costs of organizational disruptions if an essential piece of equipment is vandalized or taken. The insurance risks and liabilities...
December 12, 2024
Commercial Real Estate Trends to Watch in 2025
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine the factors that may impact their coverage. For 2025, there are a host of sweeping market developments to consider. Extreme Weather Events Extreme weather events—such as hurricanes, tornadoes, hailstorms and...
December 10, 2024
FMCSA Announces Changes to Its Crash Preventability Determination Program
On Dec. 4, 2024, the Federal Motor Carrier Safety Administration (FMCSA) published a notice that announced changes to its Crash Preventability Determination Program (CPDP), responded to comments and outlined the steps for implementation. The FMCSA decided to change the list of existing crash types to those proposed in the April 13, 2023, notice to encompass...
November 26, 2024
California Employment Laws Effective Jan. 1, 2025
Most new bills in California become effective on Jan. 1 of the following year once approved by the state Legislature and the state governor (though some exceptions are possible for emergency measures and when the bills specifically appoint a different effective date). This Legal Update provides an overview of labor and employment laws California adopted...
November 21, 2024
Working Safely in Cold Weather
Workers exposed to cold conditions are at risk of hypothermia, frostbite, dehydration and muscle injuries. To prevent injuries and illness while working in winter weather, it’s crucial to understand safety considerations related to cold exposure. Signs of Cold-related Injury and Illness If you or a co-worker have any of the following symptoms, get indoors and...