Category Archives: Business Insurance Risk

Awareness: An Important Step To Protecting Your Business

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No matter what your business is it is important to keep yourself, employees and those working (inside and outside) your organization informed of safety issues. We had a client come to us for help with a very large residential portfolio. Most of the buildings were located in New York and were garden style brick apartments. […]

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Risk Tip: Ensure proper notification is stated clearly in your policies

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The “notice” provision in all insurance policies should be modified to mean notice to a “specific individual”. Comment: Here is another one of those “missed” clauses. How many times have you heard a client say “I never received the notice”? Just recently a prospect was explaining to me that they received a letter from a […]

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Do you really know your D&O coverage?

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Whether your organization is a publicly held company, private company or nonprofit it is vitally important to have a thorough understanding of the corporate charter and its indemnification of corporate officers and directors and how the directors and officers’ (D&O) insurance policy protect their interests and that of the entity. Not all policies are the […]

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Risk Tip: Strategy to identifying business interruption exposures

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Use flow charts to identify sole source suppliers or other contingent business interruption exposures Comment: Assessing business income exposures is not always easy. So consider how helpful it would be to draw a map or create a chart of how goods and services flow. That way you can visualize your supply chain. Ask yourself, what in […]

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New Guidelines On Pregnancy Discrimination & Related Issues

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PRESS RELEASE 7-14-14 Equal Employment Opportunity Commission (EEOC) Issues Updated Enforcement Guidance On Pregnancy Discrimination And Related Issues Fact Sheet for Small Businesses and Question and Answer Document Also Released WASHINGTON — The U.S. Equal Employment Opportunity Commission (EEOC) today issued Enforcement Guidance on Pregnancy Discrimination and Related Issues, along with a question and answer […]

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Do You Know the Hidden Costs in a Business Acquisition?

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During the last several months we have seen a lot of activity with companies merging and/or acquiring other entities. I’d like to share a few insights from a risk manager’s point of view on business acquisition and due diligence. One of the goals in selling a company is to pass along as many of the […]

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Decisions, Decisions, Decisions…are you capable of making them?

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In a recent Harvard Business Review post by Nick Tasler 3 Myths That Kill Strategic Planning, he shares that the most “precious ability” a great leader has is his or her ability to make decisions based on strategic thinking. He uses a Napoleon quote to make his point: “Nothing is more difficult, and therefore more […]

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You Never Know Who is Looking Over Your Shoulder

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Recently there was an article about a security chief who was alleging wrongdoing against the company he worked for. He accused the company of not doing all it could do to protect client information. The accusation was that they performed only 27% of the minimum intrusion prevention, data leakage and encryption, and other security measures […]

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The 5 Forces That Shape Industry Competition

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As a person that considers himself an endless student of business, I was searching the Internet and thus came across a Harvard Business Review article written by Michael E. Porter, The Five Forces That Shape Industry Competition. This article is not only a good read but reminds me of the importance of getting back to […]

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The Life of an Insurance Policy

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A few weeks ago I participated in a panel discussion regarding insurance issues. The first part of the discussion was to center around “the life of an insurance policy” – I thought to myself what exactly is the life of an insurance policy and trying to have a little fun with it, I came up […]

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