How to Do Business Abroad in a Decade of Increasing Risk: Part 2

How to Design Directors & Officers Program That Protects Company’s Assets both in the United States and Abroad As we highlighted in Part 1 of doing business abroad, understanding the personal exposures of Directors and Officers is a challenge for today’s multinational companies. This is particularly important when you begin to contemplate company employees’ individual duties, the probability of potential lawsuits and the regulatory landscapes that can vary widely from country to country.

The ALS Group April 2, 2014

How to Do Business Abroad in a Decade of Increasing Risk

“US Executive Working Abroad Faces Charges Related to Protection Scam and Bribery” This headline means much more than embarrassment for the American company in its overseas operations. It means exposure to enormous financial liability if the foreign court finds the executive culpable, along with associated defense costs, even if the court finds the executive innocent of the charges.

The ALS Group March 20, 2014

Indemnity in Construction Contracts

Contracts, Insurance and Certificates…..the saga continues…. As a follow-up to my colleague’s recent post in Construction Executive, I wanted to emphasize the need for properly written contracts. In construction projects, the contract documents form the basis of the agreement between the parties involved in the project. Written construction contracts impose many duties, obligations and liabilities on contractors. Although project owners pay great attention to the operational issues addressed in these contracts, many pay too little attention to the risk and insurance implications of various contract provisions.

The ALS Group March 12, 2014

Fatal Gas Line Explosion – Would you Have Coverage if It Happened to You?

Earlier this week a fatal incident occurred at a housing development in Ewing New Jersey. According to the news reports, event was, allegedly, caused by contractor error when a 2 inch gas line was ruptured and ignited an explosion that killed one person and injured many others.

The ALS Group March 5, 2014

How to Prevent Internal Fraud from Crippling Your Organization

In its 2012 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) found that organizations typically lose five percent of their revenue to fraud each year. Even more frightening is this statistic from that report: the medium loss of survey respondents was $140,000. Over one-fifth of the losses studied exceeded $1 million. Small-to-medium sized businesses are often fraud targets because they lack anti-fraud controls. The smallest organizations in the ACFE study suffered the largest median losses.

The ALS Group February 14, 2014

A Contract Compliance Framework Can Reduce Risk

Monitoring insurance compliance in contracts is an important, albeit challenging, risk mitigation strategy. Read Al Sica’s recent article on the subject posted on Construction Executive Magazine website.

The ALS Group February 12, 2014

SUPERBOWL –Black Out or White Out? What’s “Plan B”?

I’m sure everyone remembers the day the lights went out for 34 minutes during the Ravens/49ers Super Bowl in 2012. Other than Ray Lewis having some choice words about the outage being more than a coincidence, the effects were minimal. What would have happened if they did not go back on?

The ALS Group January 30, 2014

Social Media and Crisis Planning – Are You Keeping Up?

Crisis Management has been, historically, a function of the IT or Risk Management department for many companies and as social media continues to gain traction, savvy risk managers have incorporated social media into their crisis communication plans.

The ALS Group January 17, 2014

ERM: Where do we start?

With the multitude of information available, it is no surprise that the process of implementing an ERM Program seems daunting. As highlighted in our prior blog, Strategic Risks: More Important Now Than Ever, one of the very first steps in this process is to form an Executive Risk Committee (ERC).

The ALS Group January 16, 2014

Strategic Risks: More Important Now than Ever

Strategic Risks are risks that affect or are created by an organization’s business strategy and strategic objectives. For companies that are committed to thoughtfully managing risk, strategic risk is not a new concept. However, with social media and the speed in which everything happens these days, strategic risks are becoming a high priority for senior leaders. In a recent study released by Deloitte, 81% of companies surveyed now explicitly manage strategic risks, rather than simply focusing on more traditional risk areas, such as operational, compliance and financial risks.

The ALS Group January 8, 2014

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

How to Do Business Abroad in a Decade of Increasing Risk: Part 2

How to Do Business Abroad in a Decade of Increasing Risk

Indemnity in Construction Contracts

Fatal Gas Line Explosion – Would you Have Coverage if It Happened to You?

How to Prevent Internal Fraud from Crippling Your Organization

A Contract Compliance Framework Can Reduce Risk

SUPERBOWL –Black Out or White Out? What’s “Plan B”?

Social Media and Crisis Planning – Are You Keeping Up?

ERM: Where do we start?

Strategic Risks: More Important Now than Ever

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