Contracts – The Foundation of the Project

Merriam-Webster defines the term “contract” as a binding agreement between two or more persons or parties; especially: one legally enforceable. In a construction relationship, there are many types of contracts. These include lump sum, guaranteed maximum price, item rate, cost-plus-fixed fee, and cost-plus-percentage of cost. There are also special contracts which include turnkey, negotiated, package, continuing and running contracts.

The ALS Group October 15, 2015

Faulty Workmanship—Fortuitous or Not?

Will your insurance program’s Builders Risk policy respond if a major loss occurs from faulty workmanship at a job site? The best time to determine if it will is before a loss occurs.

The ALS Group October 6, 2015

Cyber Strategy and Enterprise Risk Management (ERM)

Last week, I attended an excellent Enterprise Risk Management (ERM) workshop hosted by NC State University which highlighted the myriad of issues impacting the maturity of ERM within organizations.

The ALS Group October 5, 2015

New York Scaffold Law – To Build or Not To Build

When considering New York construction projects, The ALS Group is “in a New York State of mind,” to quote Billy Joel. New York’s Scaffold Law Sections 240/241, more commonly referred to as Scaffold, Ladder and Working at a Height Statute, was designed to prevent untimely falls, a leading cause of catastrophic injury and death.

The ALS Group October 1, 2015

Hurricane Joaquin Preparedness

As the National Weather Service is reporting of Hurricane Joaquin intensifying to an extremely dangerous category 4 storm, I wanted to reach out to you to let you know that our team is here and ready to help. Whether you need to understand coverage or need assistance in preparing a contingency plan, the ALS team is here for you.

The ALS Group September 25, 2015

Cyber Threats Hit Home

The breadth of data breaches is widening and now your personal computer network may be a target. Company executives, small business owners, investors, and others who tend to access sensitive or financial data from their home computer or mobile device may be at risk for a personal data breach.

The ALS Group September 22, 2015

Cyber Risk – you should be worried too

Cyber risk has shot up to become the 2nd largest concern for U.S. businesses in 2015 (up from 5th in 2014). Malicious attacks such as computer viruses, banking or financial system hacks, and data breaches can cripple a business’ reputation and financial standing. If your company is not prepared, it may never recover from a serious cyber risk event.

The ALS Group June 2, 2015

Supply Chain Risk- How “Wood” You Prevent Your Companies From Being Exposed to a Financial Loss?

A recent article in the Wall Street Journal highlighted the plight of Lumber Liquidators who has been struggling to deal with the fallout from a scandal that was caused due to the use of formaldehyde in its wood. You may have seen this on a “60 Minutes” program in early March. If you are a retailer after reading this article and watching the 60 Minutes TV spot you must be asking the question. How well do I know my 3rd party vendors and what process, if any, does my organization have to contain a similar event?

The ALS Group May 19, 2015

Is Your Supply Chain Strong Enough?

It should come as no surprise that a disruption to the supply chain of any company offering its goods to the public could have disastrous effects. From not being able to stock shelves, to a possible loss in labor force, to unrealized sales, to reputational harm, there is a multitude of things that could go wrong if a company cannot produce the goods it operates to sell.

The ALS Group April 29, 2015

The Battle Between “Blanket” Additional Insured Endorsement and the Underlying Contract

The construction and real estate industry continue to grow and so do the risk exposures from a fundamental inconsistency between a contract’s commercial intent and insurance policy language. “Additional Insured” is a very common requirement in a real estate or construction contract and many times there is a distinct lack of specificity with what is, actually, being required and why the provision is appropriate. Additional Insured status provides vicarious liability coverage to an outside entity, usually, an owner or general contractor, under the subcontractor’s policy. It is often a requirement in construction contracts, and it can be the source of insurance disputes if not handled correctly given the changes in

The ALS Group April 7, 2015

Our areas of expertise include:

Enterprise Risk Management (ERM)
Cyber Security & Cyber Liability Insurance
Construction Management
Customized Risk Management Assessments (RMAs)

The ALS Group Risk Management Articles

Contracts – The Foundation of the Project

Faulty Workmanship—Fortuitous or Not?

Cyber Strategy and Enterprise Risk Management (ERM)

New York Scaffold Law – To Build or Not To Build

Hurricane Joaquin Preparedness

Cyber Threats Hit Home

Cyber Risk – you should be worried too

Supply Chain Risk- How “Wood” You Prevent Your Companies From Being Exposed to a Financial Loss?

Is Your Supply Chain Strong Enough?

The Battle Between “Blanket” Additional Insured Endorsement and the Underlying Contract

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