risk management Tag

19 Feb Business Insurance 101: Certificates of Insurance

Posted at 20:16h in Auto Insurance, Commercial Insurance, Condominium Governance, Cyber Risk, Professional Liability, Risk Management

Certificates of Insurance make the business world go round and round. General contractors demand them from subcontractors. Commercial lenders request them from borrowers. Landlords require them from tenants. Virtually every business will request or will be asked to provide a Certificate of Insurance at one...

15 Aug Do Standard Crime Insurance Policies Cover Business Email Compromise (BEC) Attacks?

Posted at 19:16h in Cyber Risk, Professional Liability, Risk Management

Business Email Compromise (BEC) attacks are sophisticated scams that commonly use social engineering, phishing and spoofing to compromise legitimate business e-mail accounts. In 2017, the FBI reported receiving 15,690 BEC complaints with BEC losses topping $675 million. The FBI warns small, medium and large businesses...

13 May Workers’ Compensation 101: What Does Employers Liability Insurance Cover?

Posted at 16:23h in Commercial Insurance, Employee Benefits, Professional Liability, Risk Management, Safety

Did you know that a standard workers’ compensation insurance policy has more than one part? It’s true, check for yourself. Part One Workers Compensation Insurance provides indemnity and medical benefits that employers are legally required to provide employees who are injured on the job. You...

16 Mar May I Install Hurricane Shutters? A Loaded Question for Condominium Association Boards

Posted at 19:29h in Condominium Governance, Risk Management, Safety

In the State of Florida, what right does a condominium board have to prohibit a unit owner from installing hurricane shutters? Florida Condo Training Get convenient and affordable online training for condominium association leaders. When determining a condominium board's right to limit or otherwise restrict a unit owner...

18 Oct Lessons from Hurricane Irma

Posted at 16:58h in Commercial Insurance, Personal Insurance, Risk Management, Safety

Hurricane Irma was an unprecedented storm that affected literally everyone in Florida. Most of us were either expecting or experiencing a direct hit. All of us were given at least a glancing blow. Even though the mess remains and recovery efforts are ongoing, it’s not...

26 May Are You Ready for the 2017 Hurricane Season?

Posted at 19:37h in Commercial Insurance, Personal Insurance, Risk Management, Safety

It’s that time of year again. If you live or work in the Atlantic hurricane region, it’s hard to forget that hurricane season officially starts June 1st. The beginning of hurricane season, which runs through November 30th, is not a time for panic. Instead, it’s...

06 Apr Up In Smoke? Clearing the Workplace Haze of Medical Marijuana

Posted at 19:15h in Affordable Care Act, Commercial Insurance, Health Insurance, Risk Management

Marijuana, the most commonly used illicit drug in America at home and in the workplace, is earning respect from mainstream citizens who support its 'legalized' use for medical reasons. If estimates are true, and millions of workers are stoned on the job, the question and...

11 Jan Risk Transfers: Indemnification and Additional Insured Status

Posted at 21:15h in Commercial Insurance, Labor & Employment Law, Professional Liability, Risk Management, Safety, Self-Storage

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...

27 Jul Best Practices for Avoiding (Most) Data Security Breaches

Posted at 17:06h in Cyber Risk, Professional Liability, Risk Management

Did you know that 93% of data breaches could have been avoided? Everyone should be interested in this somewhat shocking statistic because cyber threats and data security remain primary concerns among virtually every organization, regardless of size, industry or purpose. It’s true that some cyber...

21 Jul OSHA’s Revised Injury and Illness Record keeping and Reporting Requirements

Posted at 16:49h in Professional Liability, Risk Management, Safety

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...