The ALS Group Risk Management Articles

‘Tis hurricane season, and with the news of storm surges, heavy rainfalls and inadequate drainage, it is important to consider ramifications these can have on your home and/or business.  This might include not only your building but your personal property (contents, merchandise, furnishings, etc.).  There are multiple strategies you should examine when it comes to your susceptibility to flood and/or wind damage resulting from a hurricane that can be a combination of engineering measures, mitigation plans and last but not least forms of insurance coverage being an obvious option.

Last week’s shooting in the shadow of the Empire State Building, brought about by a workplace dispute, illustrates that workplace violence can strike anywhere, anytime.

We recently posted a blog on the benefits of an organization incorporating a risk committee into their risk mitigation strategy.

With the high profile cases in the news today and in the past year alone, the need for risk management services is on the national radar more than ever before. The majority of our nation’s educational institutions, outside of purchasing the appropriate insurance policies, aren’t equipped with the resources, necessary education or even knowledge of how to protect themselves against certain risks.

The National Council on Compensation Insurance (NCCI) has filed a “split point” change in their Workers Compensation experience modification rating.  This change can significantly impact a business’ bottom line, by either increasing or decreasing a company’s rating over the next three years which will, in turn, affect business’ overall Workers Compensation premium.  Businesses with poor loss experience will see an increase in their Experience Modification, while companies that have better loss experience will most likely benefit from this change. Workers’ Compensation premiums are based on a calculation that includes payroll, the company’s classification rate, experience modification factor, schedule rating by the underwriter, and miscellaneous charges. The WC insurance premium will