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Risk Management Assessment
Company logo for “The ALS Group” featuring a stylized blue and white lightburst graphic
RMA

The ALS Group Risk Management Articles

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

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Risks of Working from Home and Workers’ Compensation Policy

As Coronavirus spreads worldwide, companies are thinking of ways to keep productivity up, as well as, mitigate the risks to both their employees and the organization’s bottom line. One of the ways a company can manage this is to have its employees work from home. This can be a great way to keep your business running, but only if you can identify and manage the risks involved. This article from Insurance Business America does a great job in outlining potential Workers’ Compensation risks for employees who work from home, and what you can be doing to insure your business is prepared to manage those risks.

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The ALS Group March 3, 2020
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Jessica Aviles, VP of Talent Management, Answers Questions about the Internship Program at The ALS Group

Who are you and what is your role at The ALS Group? My name is Jessica Aviles, I am the VP of Talent Management at The ALS Group. I was brought on-board almost two and half years ago to manage the existing talent, drive culture and spearhead the internship program. Those are my main responsibilities at ALS. How do you recruit for an internship? The ALS Group is an independent risk management and insurance advisory firm that provides unbiased advice to C-level leadership. Therefore, our recruitment process is really much more of a personal experience than that of most companies, where internship candidates can come from anywhere. I primarily recruit

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The ALS Group March 2, 2020
Three people discussing crucial details about the project and ensuring all construction insurance verification services are thoroughly handled.

While Constructing a Builder’s Risk Policy, Consider Soft Costs & Hard Costs

Every significant construction project needs a Builders Risk policy. Sounds simple enough, but the process of procuring the correct Builders Risk policy starts with an understanding of the project costs, construction timeline, and imagining potential claim scenarios. When an insured purchases an insurance policy, there is an expectation if a loss occurs; the insurance company will make the insured whole again.  This only happens when a Builders Risk policy is designed correctly.  The key to policy design is understanding and identifying the values at risk and how those values align with the actual insurance policy definitions.

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The ALS Group February 24, 2020
Threats to Consider When Crafting a Social Media Risk Mitigation Plan

Threats to Consider When Crafting a Social Media Risk Mitigation Plan

  Over the last decade, social media has quickly become a prominent way for businesses to advertise, communicate, and educate. On the flip side, it can be a huge risk for those businesses that cannot keep up with the ever changing tools and trends in privacy, security, and marketing. We often see businesses and even public figures falling prey to social engineering scams, ransomware, hacking, and a multitude of other cyber risks. Luckily, with some planning and diligence, mitigating these risks can be quite simple. Below are examples of some threats as well as solutions you can implement now that will help protect your business from some of the most

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The ALS Group February 10, 2020
NEW Sexual Harassment Training Requirements Going Into Effect

NY Employer Alert: NEW Sexual Harassment Training Requirements Going Into Effect

On October 9, 2018, NYS and NYC Governments enacted an anti-sexual-harassment law that carries pretty stringent requirements relating to employers’ anti-harassment policies and training. These labor laws have been revised and training requirements have been put in place by the Department of Labor in consultation with the Division of Human Rights. Originally, training was required by January 1, 2019 but, after some push back, the deadline was extended until October 9, 2019.

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The ALS Group August 1, 2019
Cyber Risk Preparedness

Cyber Risk Preparedness

Given the widespread awareness of Cyber Risk and the increasing trend for companies to consider insurance around this exposure, a company’s preparedness for a Cyber risk related event should be a part of their risk management plan.  Unfortunately, for most organizations, this part of the plan has not been matured. That’s a mistake…

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The ALS Group July 16, 2019
Silhouetted construction workers on a building framework, diligently practicing construction risk management, with cranes in the background during sunset.

How Site Safety Management and Site Security Reduce Construction Risk

  Site Security Protecting a Project’s assets is at the top of the list for most Developers and Lenders these days. Whether it be finances, property, or business, setting up some type of a security blanket for your project assets always adds additional comfort to the certainty of the project and desired outcomes. Most of the time these everyday risks can be covered through insurance; but what do you do when you are faced with protecting a growing (maturing) asset?

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The ALS Group May 29, 2019
Are Your Construction Projects at Risk Because of Cyber Exposures?

Are Your Construction Projects at Risk Because of Cyber Exposures?

The construction industry is changing rapidly and more and more projects are relying on emerging technologies for management and completion. There are now major cyber related concerns regarding “smart” equipment such as cranes and drones and SAAS/IAAS systems used for project planning and management. ‘Connected’ systems utilized by third-parties (general contractors and subcontractors) to share and centralize sensitive data may also expose a project to cyber risks.

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The ALS Group April 30, 2019
A row of file folders highlights the diligent process of insurance and risk management.

Faulty Work & Claims Reporting

I came across an interesting case that illustrates how critical it is to properly notice a “downstream party” of a claim (or potential claim) and require proof that notice was filed with their insurer.

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The ALS Group March 6, 2019
A person holding a magnifying glass over a stack of documents.

COI Compliance: Do You Sleep at Night?

There are industries that entail managing insurance compliance among large numbers of vendors/contractors, which challenges even the most organized firm to manage the compliance properly. If done right, it’s a process which requires diligence and specialized knowledge:  Each of these contractor relationships then generates a number of coverages, terms and back-and-forth communications. For these types of firms, the volume of data, communications and risks dictate a need for a robust and efficient compliance effort. Traditional insurance compliance for vendors, subcontractors and commercial tenants focuses on simply obtaining certificates of insurance (COIs) and calling that “protection”. Ostensibly, these COIs are proof of insurance; however, these are not by themselves good proof

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The ALS Group July 24, 2017

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