We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Cyber Risk is not the first [risk] you think about with construction projects but it is something that merits consideration. The attached article shows that safeguarding sensitive data exchanged between owners and construction managers is paramount.
At The ALS Group, we are acutely aware of the evolving threats in the digital landscape, and swatting represents a particularly malicious form of cyber-attack with real-world implications. As a risk advisory firm, our mission is to illuminate the dangers of such activities and provide strategic risk mitigation strategies to safeguard businesses and individuals alike.
When a company starts a construction or renovation project the subject of Builders Risk Insurance comes up. It could be when the Construction Management Agreement (CMA) is being drafted or when reviewing lender insurance requirements, but it is bound to happen. Builders’ Risk is a “quirky” coverage in that it is written on non-standard form, covers a variety of exposures, and the terms of coverage generally not well understood by insurance professionals that do not specialize in construction insurance. So, as an Owner, what to do? Well, first thing is to understand what you want to cover. Builders’ Risk has three major coverage areas that can be included: Each area
While there is a bit of a pause in the construction development activity these days, there is some recent news out of New York and Texas regarding crane safety. Tuesday, January 9th, a crane collapsed in Manhattan injuring five people. According to the FDNY, four of the victim’s injuries were described to be minor, and one person was left with serious, but not life-threatening injuries. https://gothamist.com/news/5-injured-in-manhattan-crane-collapse-fdny-says In regards to the Texas Crane Collapse of 2019, a Dallas jury has awarded more than $860 Million to the family of one of the victims of the collapse. This is a solemn reminder of how important proper safety and controls are on any
The ALS Group is thrilled to announce promotions for our risk management team. These promotions reflect our commitment to excellence in the risk management industry and underscore our dedication to recognizing and rewarding leadership qualities and innovative thinking in our associates as well as our dedication to growing and developing the next generation of leaders. Strategic Promotions within The ALS Group in 2024 We are proud to congratulate the following individuals for their well-deserved promotions, highlighting their exceptional contributions to the business: At The ALS Group, we believe that the essence of effective risk management lies not only in professional expertise but also in the integrity and character of our
US weather patterns continue to be unpredictable and the Northeast is getting its first taste of snow, so I thought it would be good to reinforce how important it is to have a comprehensive storm response plan.Snowstorms can cause a variety of problems such as, power outages, pipe bursts, and inaccessible roadways for many residents and businesses throughout the U.S. Alternatively, businesses that have remote workers must also deal with issues pertaining to widespread residential outages which can serve as a major disruption for employees with home offices. So, what can you do? If you need more information on any of the topics covered in this blog, or need help
Thanksgiving is just around the corner. We all know this is a time for getting together and enjoying a meal with family and friends.
Hurricanes are one of the most destructive forces of nature, and businesses located in hurricane-prone areas, particularly along the Atlantic coast, must prepare for the inevitable impact of these storms. While we often think of hurricanes in terms of immediate physical damage, the ripple effects—like prolonged power outages, loss of internet, and disruptions to supply chains—can cripple business operations for extended periods. Preparing your business before hurricane season can mitigate potential risks, reduce financial loss, and ensure faster recovery.
An often misunderstood insurance coverage that is very important for a business, is Hired and Non-Owned Automobile (“HNOA”) coverage. Most of the time, the company that is considering such coverage doesn’t think it has exposure to this particular risk since they do not own any automobiles. This could not be further from the truth… Recently, there was a tragic accident in NYC Times Square, where a delivery vehicle on its way to a jobsite fatally injured a pedestrian. So, here’s what will, most likely, happen…the family of the deceased would, surely, look to the driver of the vehicle and the company that owns it for compensation. Unfortunately, that’s not it, they [the
The discovery of methamphetamine labs is an ongoing issue across the United States, with National Public Radio reporting that around 300 meth labs are found each week. If you own or manage rental properties like apartments, hotels, or boarding homes, there’s a chance that one of your tenants could turn your property into a meth lab—leading to substantial damage and clean-up costs. And with recent changes in commercial property insurance, you may face even more challenges when trying to mitigate these risks. Meth Labs and Your Commercial Property Insurance: What’s Changed? Since 2013, a new endorsement, Exclusion of Loss Due to By-Products of Production or Processing Operations (Rental Properties) (form
Our areas of expertise include:
At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information: info@thealsgroup.com
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information : info@thealsgroup.com
New Jersey
175 Main St
Woodbridge, NJ 07095
Tel: +1-732-395-4250
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
