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?

The ALS Group May 29, 2019

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.

The ALS Group April 30, 2019

Hospitality Industry Challenges & Risks

As the Hospitality industry continues to experience growing activity amidst a strong economy, there are, inherently, challenges that must be continuously addressed and improved on to ensure customers keep coming back. Identifying challenges and solutions to those challenges is one aspect of avoiding pitfalls, but an often overlooked perspective is the risk(s) to which those challenges could, ultimately, lead.

The ALS Group March 25, 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.

The ALS Group March 6, 2019

A person in a suit is walking towards a keyhole-shaped entrance emitting green binary code, creating a digital-themed atmosphere.

FACC Sues CEO, CFO in Wake of “Fake-President” Fraud

A new development has occurred in the FACC cyber “fake-president fraud” case.

The ALS Group December 17, 2018

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

The ALS Group July 24, 2017

A tall, modern office building with a glass facade under a clear blue sky, surrounded by trees and a road in the foreground.

ALS Risk Management Internship Program

Risk management is a specialized industry, so we always thought it would be best to grow our own associates, provide opportunities, teach them our way; farm our own talent, so to speak. To build up our firm for future generations, we’ve always thought it important to gather new talent as early as possible.

The ALS Group July 19, 2017

Client Success Story: Real Estate Investor/Lender – Insurance Compliance

Situation A NY-based organization (acting as tax syndicator) with over 350 properties engaged us to review and modify the lender requirements and to ensure insurance compliance with the requirements from the various parties involved in a deal

The ALS Group July 12, 2017

5 Underrated Small Business Threats and How to Safeguard Against Them

Most small business owners have at least some knowledge of the risks they face. Likely their insurance broker has educated them on some basic coverage for workers compensation, property damage, and business interruption to name a few. But several other potential exposures exist that, if left unaddressed, can mean massive and unncessary risk for a small business. As a company grows, so too does its risk. Business owners therefore would be well served to understand exactly what risks they face, how their specific industry affects their situation, and what they can do about it. Never be blindsided by a seemingly unforeseen issue. Visualize worst case scenarios so you can

The ALS Group June 23, 2017

Determining Soft Costs Coverage Under Builders Risk Policy

Soft cost, or delay in the project completion coverage has been a hot topic of discussion and concern recently due to the unique claims scenarios that occur during a construction phase of a project. At first glance, the term “soft costs” seems easy to explain. But it’s actually a more complex subject.

The ALS Group June 22, 2017

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 Site Safety Management and Site Security Reduce Construction Risk

Are Your Construction Projects at Risk Because of Cyber Exposures?

Hospitality Industry Challenges & Risks

Faulty Work & Claims Reporting

FACC Sues CEO, CFO in Wake of “Fake-President” Fraud

COI Compliance: Do You Sleep at Night?

ALS Risk Management Internship Program

Client Success Story: Real Estate Investor/Lender – Insurance Compliance

5 Underrated Small Business Threats and How to Safeguard Against Them

Determining Soft Costs Coverage Under Builders Risk Policy

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