Crisis Response Planning

Last week we spoke about the importance of reputational risk management. We offered you some tips on what you can do to be proactive and actively seek out and be informed on what is being said about your organization. Now, you can monitor and measure all you want, but eventually, a crisis will occur, and the purpose of this post is to advise you on what to do when something does actually happen. Of course, all crisis response plans should be tailored and unique to your specific organization’s culture, goals and problem. A 2005 survey of senior risk managers by the Economist Intelligence Unit found that less than half of

The ALS Group March 27, 2013

Recovering From Reputational Risk Is Harder Than Building A Reputation – How Are You Guarding Your Firm’s Reputation?

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffet

The ALS Group March 21, 2013

US Cyber Terrorism – How Is Your Company Responding?

Cyber threats are a hot topic now and seem to be on news coverage everyday, but what does that mean for your business? These cyber threats may not seem serious (for YOUR company) until they directly affect your business, and if they do, you will realize very quickly how much damage these attacks can cause. If your business uses computers or the internet in any capacity you’re vulnerable to cyber attacks. While the use of technology in the work place continues to rise along with productivity, so does the number of access points for hackers.

The ALS Group March 20, 2013

Human Capital Risk Abroad: How to Protect Your Employees Abroad

The world economy is becoming even more global and with that, exposure to risks posed to employees traveling abroad continues to grow; thus it becomes ever more apparent that any company should take a more 3-dimensional approach to risk. This means that as your employees travel abroad in order to bring in more business, Senior Management must also consider how they [employees] are protected.

The ALS Group March 19, 2013

How Good is Your Insurer at Handling Claims – Know Before You Buy

When business owners shop commercial insurance coverage, the solvency rating of the proposed insurance company is one critical factor they consider. However, savvy commercial insurance buyers should consider another vital factor — how will the proposed insurer handle your claims?

The ALS Group March 12, 2013

Supreme Court Supports Enforcement of Arbitration Clauses

Employers should take note that over the past several years the U.S. Supreme Court has consistently upheld arbitration clauses in employment contracts. The Court’s consistent rulings in favor of arbitration agreements have changed employment law in many states, most notably in California, which has a long history of the courts being hostile to arbitration agreements.

The ALS Group March 7, 2013

ERM Philosophy is Standardizing the Business World

To continue the discussion of Enterprise Risk Management (ERM) and its role within the business world The ALS Group held its second ERM meeting to discuss recent articles that show the influence of ERM today in business. One periodical that often speaks of ERM is Rough Notes. This week’s discussion revolved around The Institutes update of the ARM course curriculum to include ERM into its material; see here for the article written by Michael Moody.

The ALS Group March 5, 2013

Rising Workers Compensation Insurance Costs Drive Self-Insurance Program Consideration

Many mid-market employers are becoming increasingly concerned regarding the rising costs of workers compensation coverage in the hardening insurance market. These cost increases combined with uncertainty over the magnitude of cost increases related to implementation of the Patient Portability and Affordable Care Act (aka Obamacare) have employers scrambling to identify alternatives to reduce cost going forward.

The ALS Group February 28, 2013

By The Numbers: Top Executive Fears

When American International Group (AIG) conducted a research survey of 323 risk managers, IT decision-makers, C-suite executives and brokers in the insurance industry in some capacity, they may have enlightened their audience even more than anticipated. The article states that 85% of all corporate executives polled (258) were “very or somewhat concerned” about the impact of cyber risks on their company. Executives are more concerned with cyber liability risks than any other risk, including income loss, which clearly demonstrates the importance of cyber liability coverage.

The ALS Group February 27, 2013

Claim Letter Templates – OK In Theory, But Not In Practice

I read an interesting article in this month’s Claims Management magazine about claim letter templates. The article was fairly lengthy and discussed how to improve and organize templates to add to claims efficiency (for the carrier). Makes sense, right? Well, maybe…

The ALS Group February 20, 2013

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

Crisis Response Planning

Recovering From Reputational Risk Is Harder Than Building A Reputation – How Are You Guarding Your Firm’s Reputation?

US Cyber Terrorism – How Is Your Company Responding?

Human Capital Risk Abroad: How to Protect Your Employees Abroad

How Good is Your Insurer at Handling Claims – Know Before You Buy

Supreme Court Supports Enforcement of Arbitration Clauses

ERM Philosophy is Standardizing the Business World

Rising Workers Compensation Insurance Costs Drive Self-Insurance Program Consideration

By The Numbers: Top Executive Fears

Claim Letter Templates – OK In Theory, But Not In Practice

Categories

Recent Posts

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

Subscribe to our articles

QUICK LINKS

CONTACT INFO

Subscribe to Our Publications

Subscribe to Our Publications

QUICK LINKS

CONTACT INFO