Cyber Liability Insurance is a Must for Every Business

Cyber Liability Insurance is a Must for Every Business Each week brings fresh headlines about the rising frequency and cost of cyberattacks — particularly ransomware. While major breaches at large corporations grab media attention, small and mid-sized businesses are increasingly becoming prime targets. In the past 60 days alone, I came across two excellent articles in Risk & Insurance that explored this growing threat and its impact on businesses of all sizes. I encourage you to take a moment to review them: Both articles link to detailed reports from respected cyber insurance providers, Coalition and At-Bay, offering valuable insights into the current threat landscape. As technology evolves, so do cybercriminals’

The ALS Group May 16, 2025

Navigating Insurance & Risk Management: A Practical Guide

IN THE OFFICE RISK MANAGEMENT Navigating Insurance & Risk Management: A Practical GuideALBERT SICA In today’s complex business landscape, understanding and managing risks is no longer optional. Whether it’s negotiating contract terms, purchasing the right insurance policies or ensuring compliance with subcontractor requirements, every decision has a direct impact on your company’s financial health and operational resilience. Risk and the financial impact of risk is something that merits a risk-insurance planthat will identify the various areas the firm is exposed to risk, and the mitigation strategies available to the contractor to reduce the risk they are exposed to. That sounds like a bunch of mumbo jumbo, but it is the

The ALS Group March 11, 2025

Adapting to an Aging Workforce: The Future of Workers’ Compensation Claims

People are living longer and with this comes a population that is aging. According to the World Health Organization (WHO), the population of those 60 years of age or older will total two billion by the year 2050. For comparison, in 2015 the 60+ population was 900 million. But what are the implications for the workforce and how will this impact employers’ and workers’ compensation (WC) claims? According to the Pew Research Center, people are now working and planning to work past the average retirement age of 65. The data shows that roughly one in five Americans aged 65 years old, were employed in 2023; The fastest-growing age group in

The ALS Group October 1, 2024

A Comprehensive Guide to Investigating and Reporting Workplace Accidents

Accidents that happen in the workplace often result in serious situations. Effectively investigating both accidents and near-misses is crucial to preventing future incidents. A well-structured accident investigation process not only helps you to understand what went wrong, but also to implement corrective actions, leading to overall improved safety. Below, we have detailed a comprehensive guide on how to report and investigate workplace accidents, from the initial fact-finding process to implementation of corrective measures. Key Considerations Fact-Finding Process for Event Reconstruction Gather Information This initial step is critical to determining facts and circumstances of the event. All relevant information about the accident or near miss is gathered, this includes collecting evidence

The ALS Group September 30, 2024

Implementing and Managing an Effective Accident Investigation Program

No one wants accidents to happen; but if an accident does occur, it is important to make changes so similar accidents do not occur in the future. Through a formal accident investigation procedure, organizations determine the root cause(s) of incidents and take action to prevent a recurrence. Conducting effective accident investigations is crucial for organizations that want to reduce workplace injuries and illnesses. If left unchecked, today’s near miss can become tomorrow’s accident or major disaster. Accident investigations have many benefits, including the ability to: To be able to benefit from the utilization of accident investigations, the fundamentals of the program should be integrated into the company’s written safety and

The ALS Group September 30, 2024

Contracts TCoR and ERM – How They Go Together

In the last chapter of our series, we introduced the concept of using a risk register and a materiality table to qualify and quantify risk exposures. Building on that foundation, this chapter focuses on how these tools can influence the Risk & Contract Review process. While, it may seem unconventional, to take a formal risk-based approach to contract reviews, doing so adds tremendous value by systematically identifying and addressing potential risks before contract execution. Before the advent of modern technology, organizations often relied on a “buck slip” process for document circulation and approval. A document would move from one manager to the next, gathering signatures as each reviewed and approved

The ALS Group September 24, 2024

Concerned Man Comforts Upset Woman on Couch During Daytime

Suicide Prevention

World Suicide Prevention Month reminds us of the importance of remembering the millions of people struggling every day with thoughts of suicide. Depression and suicidal ideation can impact anyone, and signs can look different for everyone. Suicide has no one-size-fits-all presentation, which is why it’s important to destigmatize mental health care and asking for help. The construction industry has one of the highest suicide rates among professions — with the rate among male construction workers 75% higher than men in the general population, according to the Centers for Disease Control and Prevention. An estimated 6,000 construction workers died by suicide in 2022, an increase from 2021, according to the most recent data available. The

The ALS Group September 10, 2024

Discussion of young asian businessman or executive discussing numerical data comparing charts and gr

Notice of a Claim

Timeliness of notification is one of the most frequently litigated coverage issues within the claims process. It is often due to people not recognizing an event or occurrence as being a claim per the policy or unintentional delays in reporting. Delayed reporting can cause policyholders to run into significant issues, such as coverage concerns and evidence spoilage, which may lead to complete claim denial. This is illustrated in a recent New York court ruling, which held that a demand letter received met the definition of a claim per the policy. In this case, John Mellesmoen, an employee of Match Group, sent a letter demanding a settlement for compensation and damages

The ALS Group September 10, 2024

Young college girl friends, with natural reddish hair, going to

Risk Management When Sending Your Kids to College

Sending your child to college is an exciting milestone, but it also comes with unique risks and challenges. As parents and guardians, it’s crucial to proactively address these potential issues to ensure your child’s safety and well-being. Throughout this article, we’ll explore the essential aspects of risk management you should consider when your child embarks on their college journey, such as understanding coverage, evaluating renter’s insurance, different types of policies to be aware of, as well as different safety measures you and your child should consider. Understanding Coverage: Am I Covered? The question of coverage can be complex, depending on factors like the age of the student, their relationship to

The ALS Group August 20, 2024

Illustration depicting a hand pointing to the words "Insurance Claim" surrounded by icons of a handshake, globe, and courthouse, capturing the essence of the Tradesman Lawsuit.

The Tradesman Lawsuit: Insurance Claims and Risk Management Awareness

The Tradesman Lawsuit: Insurance Claims and Risk Management Awareness Last month the employees of The ALS Group sat down with our Senior Consultant of Claims and Risk Services, Maggie Ingels, during a lunch and learn to hear about one of the largest lawsuits happening in the claims world right now, dubbed the “Tradesman Lawsuit”, which was filed March 1, 2024. The initial lawsuit filed by Roosevelt Road Re, LTD (Roosevelt) and its affiliate Tradesman Program Managers, LLC (Tradesman) alleges that the 46 named defendants took advantage of vulnerable immigrant construction workers to employ what the suit calls the “Fraudulent Treatment Protocol” and profited from the fraudulent scheme related to New

The ALS Group August 14, 2024

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

Cyber Liability Insurance is a Must for Every Business

Navigating Insurance & Risk Management: A Practical Guide

Adapting to an Aging Workforce: The Future of Workers’ Compensation Claims

A Comprehensive Guide to Investigating and Reporting Workplace Accidents

Implementing and Managing an Effective Accident Investigation Program

Contracts TCoR and ERM – How They Go Together

Suicide Prevention

Notice of a Claim

Risk Management When Sending Your Kids to College

The Tradesman Lawsuit: Insurance Claims and Risk Management Awareness

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Recent Posts

Cyber Liability Insurance is a Must for Every Business

Navigating Insurance & Risk Management: A Practical Guide

Adapting to an Aging Workforce: The Future of Workers’ Compensation Claims

A Comprehensive Guide to Investigating and Reporting Workplace Accidents

Implementing and Managing an Effective Accident Investigation Program

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