Did you know that 15 to 70 percent of your homeowners’ insurance premium can be attributed to the risk of wind damage? Taking steps to prevent or reduce wind damage is known as wind mitigation. These steps can save your home from catastrophic storm damage....
Risk allocation involves identifying who is responsible for what and for how much. In some cases, a contract requires one party to assume the liability of another party. These risk transfers are commonly found in construction and landlord/tenant agreements, and are becoming common practice in...
Cyber threats and data security remain a big concern for individuals and businesses alike. But sometimes, the most effective cybersecurity comes down to the little things, like using strong passwords, installing security updates and keeping your car’s key fob in the freezer. Wait, what? It’s true....
Did you know that there will be nearly 21 billion devices connected to the Internet by 2020? According to Gartner, an information technology research company, 5.5 million new devices are connecting every day. This rapidly growing network of Internet-enabled physical devices capable connecting, communicating and identifying...
Are you planning to hit the road one last time before summer comes to an end? If so, we have some advice—BE CAREFUL! According to the National Safety Council (NSC), the number of motor vehicle deaths from January through June 2016 is 9% higher than during...
Each year there are more than 3 million serious (requiring more than first aid) workplace injuries and illnesses. Given the Occupational Safety and Health Act’s requirement that employers provide safe and healthy workplaces, this number is unacceptably high. To address this problem, the Occupational Safety...
Are you planning a summer getaway? The American Automobile Association reports that over half of U.S. drivers are planning a road trip this summer. With over 650 million long distance trips made each year between Memorial and Labor Day, many of us are looking forward...
Did you know that maintaining a safe workplace can lower the cost of workers’ compensation insurance? It’s true. Employers with fewer workplace injury claims may enjoy valuable premium credits. Alternatively, employers with more injury claims may suffer higher insurance premiums. The resulting premium difference can...
Alex, which became the first Atlantic hurricane to form in January since 1938, obviously didn’t know that hurricane season runs from June 1st through November 30th. However, for those living or working in the Atlantic hurricane region, the first day of hurricane season rarely passes...
The Department of Transportation’s (DOT) Federal Motor Carrier Safety Administration (FMCSA) monitors and ensures compliance with motor carrier safety and commercial carrier regulations. Contrary to what many believe, 18-wheel trucks aren’t the only vehicles covered by FMCSA regulations. Depending on its operations, any business may...