Category Archives: Risk Assessment

Who, What, When, Where – Does Your Risk Management Program Dig In?

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We recommend using the 4W’s as a method of digging in to better understand the operations of a business. This concept is not new and sounds simple but is often not utilized appropriately. The 4W’s concept can be used as the building blocks with a focus at all stages of operations when considering risk management. […]

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Cyber Security – The Stark Reality

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It’s in the news every day. Just recently there was a report of a breach at the IRS.. You’d think that of all of the government entities holding personal information the IRS would be one to have an all but impenetrable and completely locked down system. In addition there is more and more media focusing […]

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Experience Modification: 5 Steps to Control Your Own Destiny

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Many times when a client engages us to become their Outsourced Risk Manager, in the interview stage we often discover that their workman’s compensation costs are high relative to the employee population and work functions. Typically we discover that the experience modification factor is high (which is commonly referred to as a “debit mod”, over […]

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In Business, There is No Avoiding Risk

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What is something exceptionally good about mid-market companies? They are agile and hold onto their entrepreneurial spirit … in fact they are even taking lessons from the big Fortune 500’s and looking to gain a financial advantage over competitors through various strategies. A key point was recently made in a Traveler’s survey: “Business who manage […]

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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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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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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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Are You Playing Russian Roulette With The Insurance Related Provisions of Your Everyday Business Contracts?

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Many times company leadership does not put much thought to the importance of reviewing the insurance related provisions of their business contracts, but if there is a single message I want to make clear in this post, it is that mitigation of risk is essential. It is difficult to express in dollar value the importance […]

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