US Cyber Terrorism – How Is Your Company Responding?

Cyber threats are a hot topic now and seem to be on news coverage everyday, but what does that mean for your business? These cyber threats may not seem serious (for YOUR company) until they directly affect your business, and if they do, you will realize very quickly how much damage these attacks can cause. If your business uses computers or the internet in any capacity you’re vulnerable to cyber attacks. While the use of technology in the work place continues to rise along with productivity, so does the number of access points for hackers.

The ALS Group March 20, 2013

Human Capital Risk Abroad: How to Protect Your Employees Abroad

The world economy is becoming even more global and with that, exposure to risks posed to employees traveling abroad continues to grow; thus it becomes ever more apparent that any company should take a more 3-dimensional approach to risk. This means that as your employees travel abroad in order to bring in more business, Senior Management must also consider how they [employees] are protected.

The ALS Group March 19, 2013

How Good is Your Insurer at Handling Claims – Know Before You Buy

When business owners shop commercial insurance coverage, the solvency rating of the proposed insurance company is one critical factor they consider. However, savvy commercial insurance buyers should consider another vital factor — how will the proposed insurer handle your claims?

The ALS Group March 12, 2013

Supreme Court Supports Enforcement of Arbitration Clauses

Employers should take note that over the past several years the U.S. Supreme Court has consistently upheld arbitration clauses in employment contracts. The Court’s consistent rulings in favor of arbitration agreements have changed employment law in many states, most notably in California, which has a long history of the courts being hostile to arbitration agreements.

The ALS Group March 7, 2013

ERM Philosophy is Standardizing the Business World

To continue the discussion of Enterprise Risk Management (ERM) and its role within the business world The ALS Group held its second ERM meeting to discuss recent articles that show the influence of ERM today in business. One periodical that often speaks of ERM is Rough Notes. This week’s discussion revolved around The Institutes update of the ARM course curriculum to include ERM into its material; see here for the article written by Michael Moody.

The ALS Group March 5, 2013

Rising Workers Compensation Insurance Costs Drive Self-Insurance Program Consideration

Many mid-market employers are becoming increasingly concerned regarding the rising costs of workers compensation coverage in the hardening insurance market. These cost increases combined with uncertainty over the magnitude of cost increases related to implementation of the Patient Portability and Affordable Care Act (aka Obamacare) have employers scrambling to identify alternatives to reduce cost going forward.

The ALS Group February 28, 2013

By The Numbers: Top Executive Fears

When American International Group (AIG) conducted a research survey of 323 risk managers, IT decision-makers, C-suite executives and brokers in the insurance industry in some capacity, they may have enlightened their audience even more than anticipated. The article states that 85% of all corporate executives polled (258) were “very or somewhat concerned” about the impact of cyber risks on their company. Executives are more concerned with cyber liability risks than any other risk, including income loss, which clearly demonstrates the importance of cyber liability coverage.

The ALS Group February 27, 2013

Claim Letter Templates – OK In Theory, But Not In Practice

I read an interesting article in this month’s Claims Management magazine about claim letter templates. The article was fairly lengthy and discussed how to improve and organize templates to add to claims efficiency (for the carrier). Makes sense, right? Well, maybe…

The ALS Group February 20, 2013

One Cyber Endorsement Does Not Cover All

Cyber Insurance providers’ policies need to be tailored and adapted to the particular risks of the insured. The market can be sculpted to meet the specific risks your particular company faces every day. Cyber risks are becoming more and more apparent, with weekly headlines of major corporations coming under attack. You can no longer sit on the sidelines and hope you are covered when it comes to cyber liability issues.

The ALS Group February 13, 2013

Risk Appetite and Risk Tolerance; An ERM Approach

It seems like everyone is talking about Enterprise Risk Management (ERM) these days, but the question has become: what is anyone doing to further understand how ERM can provide the strategic value that everyone is writing about? One initiative that we at The ALS Group kicked off last Friday is our bi-monthly ERM Work Group meeting where our entire team (and occasionally guests) meet to discuss how ERM is being conveyed to senior level executives through organizations like RIMS and CFO magazine to name a few.

The ALS Group February 7, 2013

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

US Cyber Terrorism – How Is Your Company Responding?

Human Capital Risk Abroad: How to Protect Your Employees Abroad

How Good is Your Insurer at Handling Claims – Know Before You Buy

Supreme Court Supports Enforcement of Arbitration Clauses

ERM Philosophy is Standardizing the Business World

Rising Workers Compensation Insurance Costs Drive Self-Insurance Program Consideration

By The Numbers: Top Executive Fears

Claim Letter Templates – OK In Theory, But Not In Practice

One Cyber Endorsement Does Not Cover All

Risk Appetite and Risk Tolerance; An ERM Approach

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