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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What is Business Personal Property Coverage & What Does it Include? (Clone)

  Personal property is one of the most underrepresented and disregarded coverage extensions on a commecial property policy. That is, Business Personal Property (BPP) – the personal property owned by the entity that is the named insured on the policy. BPP covers a variety of items typically identified with being owned in relation to the premises identified on the declaration page of a policy. It is not usually intended to insure the personal property of a firm’s employees or guests. Over the course of the last fifteen years, there have been several key changes to significantly expand the definition of BPP in different ways. Always keep in mind that coverage

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Enterprise Risk Management | Monitor, Measure, and Evolve

Enterprise Risk Management | Monitor, Measure, and Evolve

In our previous posts on Enterprise Risk Management (ERM), we defined ERM and addressed how to set up the program and use it to assess and treat risks. We have come a long way! In this post, we evaluate the program. ERM is not a static program. An effective approach to evaluating and enhancing the performance is a three-part one: measure, monitor and, most importantly, evolve.

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Trump’s Cybersecurity Exec Order: Businesses Should Follow the Lead

What does the new order do? On May 11th 2017, President Trump issued the new, signed cyber security executive order that demands each federal agency and department head will be held accountable for cyber security risk to their enterprises; an initiative to better protect the federal government’s critical data and systems. It outlines the cyber-risk reporting requirements that they must adhere to and names the framework that they’ll use as the standard.

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A world map highlighting locations with a high density of activity in Europe, Russia, India, and parts of North and South America

WannaCry Ransomware Attack: Key Healthcare Data Security Takeaways

Source: The New York Times   Though there’s currently no evidence that patient data was breached in last week’s massive cyber attack on UK hospitals, the news sent shock waves around the globe. The ransomware used in the attack, known as “WanaCrypt0r 2.0” or “WannaCry,” disrupted health services and ambulance transports at several hospitals throughout England.

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Aerial view of a construction site at the intersection of Little West 12th Street and 9th Avenue, showing a collapsed area

When Construction Shortcuts Become Criminal

Take a casual stroll in Manhattan and you can’t help but notice that construction is booming. Cranes, scaffolding, and sidewalk sheds are everywhere. And this isn’t just a New York City phenomenon. Ground-up construction and renovation projects are picking up all across the country. Low interest rates and favorable building conditions are resulting in a surge in real estate & development projects.

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6 Strategies to Mitigate Cyber Risk in the Healthcare Sector

6 Strategies to Mitigate Cyber Risk in the Healthcare Sector

The healthcare sector is without a doubt one of the most targeted industries for cyber hackers. Different industries have different types and degrees of cyber risk exposure. But hackers and malicious campaigns take aim at the healthcare sector in particular due to the private nature and black market value of the data.

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Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

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