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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COVID & Supply Chain Risks – Are You Prepared?

COVID-19 forced many companies to close their operations, which caused a great deal of disruption for numerous businesses on both direct losses and their revenue stream. With America trying to “re-open” there is a host of issues that need to be wrestled with. One of the areas that, we think, might be low on the list for many companies is how their supply chain has been affected and will continue to be impacted by COVID related issues. Having latent supply chain disruption can wreak havoc on a business already challenged by the shutdown. This type of risk needs to be understood, so the company can plan for alternatives.

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COVID Claims – Notify, Notify, Notify…

As the effects of COVID-19 continue to impact businesses, it will, surely be an uphill battle to have insurers confirm coverage under most standard insurance policies. Ultimately, a flurry of litigation and government intervention will determine how insurers deal with the losses that their insureds are suffering and will continue to experience stemming from this disaster. Over the next few weeks and months (maybe years), as these claims unfold, insurers will be faced with the task of interpreting policies and informing their insureds how coverage will or won’t respond. In the meantime, there are some things a business can do to preserve their position with potential COVID-19 claims.

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The Challenges of Working Moms

The Challenges of Working Moms

Our blogs usually address specific risk related topics, but as we celebrated Mother’s Day on Sunday, we wanted to dedicate this one to all the amazing moms who are there for their families and organizations as well as address some of the challenges they face.    Most of us have experienced and continue to experience a drastic shift in our daily lives when the country began its COVID-19 fight a few months ago. There is one group, however, that has been particularly and profoundly impacted by the lock-down even more than the rest and that is working moms. 

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A woman with curly hair and a gray blazer, possibly from one of Florida's top risk advisory firms, is sitting in the foreground, looking at the camera.

Managing People Risk during Pandemic

As the Coronavirus Pandemic unfolds, one primary concern for all organizations is people. How to care for its workforce during pandemic and nurture a healthy workforce post-pandemic has become a trending topic. We recently shared what we, as the organization’s leaders, do to care for our own remote working employees as they face the challenges brought on by this pandemic.  COVID-19 is people related crisis and all risks relating to employees i.e. people risk is the one thing that keeps Senior Leaders up at night. After all, a company’s most important asset is its people.  It is a tough time for companies and individuals, alike, due to uncertainty and threats to

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Total Cost of Risk (TCoR) – Strategies for Cost Savings

As part of any effective risk management program, the quantification of the Total Cost of Risk (“TCoR”) is an important number to focus on. This article focuses on how Workers Compensation (“WC”) costs contribute to a company’s TCoR and, specifically, how the Experience Modification (“X-MOD”) factor works and can be managed. We take TCoR seriously in our risk advisory practice as having a TCoR that is lower than a company’s peers gives that company a competitive advantage in, both, how it conducts its business and the opportunities it can pursue.

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The ALS Group's Initiative for the Prevention of Suicide in the Construction Industry

The ALS Group’s Initiative for the Prevention of Suicide in the Construction Industry

Yesterday, the Governor of New York announced that he was going to extend the Coronavirus shutdown order until May 15th, which, although necessary from a health standpoint, adds additional pressure to many people who need to get back to work. One of the areas that is hit very hard by this shutdown is the construction industry. According to the Centers for Disease Control and Prevention, construction occupations are at the second highest number of suicides across all occupational groups, an alarming statistic to say the least.

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A woman with blonde hair diligently focusing on cyber security protocols.

4 Cyber Security Tips for Businesses with Remote Workers

Most companies have been forced to quickly implement a remote work solution that suited essential employees or even the entire firm’s staff. This has exposed many companies network to new risks as everyone has a different set up at home. Some are using MACs, some using PCs, some have outdated operating systems and software while others are already infected with viruses or malware. 

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Cyber Security During a Pandemic

Cyber Security During a Pandemic

During every national emergency situation, there are always scammers who look to capitalize on people during times of distress. Scammers have already begun to take advantage of the current state of emergency due to the Coronavirus pandemic. Similar to Hurricane Sandy in 2012, phishing scams have begun to plague our inboxes. Coronavirus phishing scams may come in the form of a statement or request from someone impersonating a Centers for Disease Control (CDC), World Health Organization (WHO), or similar agency official. They may even use domain names similar to those of the CDC and WHO.

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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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