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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Risks of Working from Home and Workers’ Compensation Policy

As Coronavirus spreads worldwide, companies are thinking of ways to keep productivity up, as well as, mitigate the risks to both their employees and the organization’s bottom line. One of the ways a company can manage this is to have its employees work from home. This can be a great way to keep your business running, but only if you can identify and manage the risks involved. This article from Insurance Business America does a great job in outlining potential Workers’ Compensation risks for employees who work from home, and what you can be doing to insure your business is prepared to manage those risks.

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OSHA Recordkeeping – Nowhere to Hide

The recent changes to the OSHA record keeping rules that were issued a couple of weeks ago  have been drawing quite a few negative comments from business and industry. The new rule has a component requiring employers with more than 20 employees to electronically submit information about work-related injuries and illnesses.

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Asbestos Exposure Claims – Just Hitting Their Stride at 25

It’s been, roughly, a quarter-century since widespread asbestos installation in the United States came to an end, but the ramifications of its use are still being felt today. While the US has not banned the use of asbestos completely, it is no longer used as a form of insulation in construction projects. The shift away from the use of asbestos came at the turn of the 1990s. Of particular interest is the fact that, many of the buildings constructed during that time are now being demolished or renovated, which exposes workers to the air-borne particles that can cause ailments such as lung cancer and mesothelioma.

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Safety and OSHA Compliance

As stated in my May Blog, there are many regulations an organization needs to implement and maintain in order to be in compliance with the Occupational Safety and Health Administration (OSHA) and avoid fines and risks associated with not being compliant.

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Claims Handling: How to Turn Lemons into Lemonade

One of the most misunderstood areas of the insurance business is claims handling. Often mishandled, this function is the reason companies buy insurance. To be certain the following four key elements are being managed effectively, there are several points to remember when evaluating your claims management program: 1. Do you have an excellent working relationship with your carrier and intermediary [broker or third party administrator (TPA)], including a written agreement on roles, responsibilities (key performance indicators – KPI’s) and communication?

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Risk Management and Safety

Safety in the workplace is something that is often thought of relative to construction sites and manufacturing facilities.  However, it is just as important to focus on safety at an office as it is at a construction site.  business. Even the smallest details should not be overlooked, as the most insignificant accident could result in financial damage for both the owner individually, and the company as a whole.

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The Value of the Incident Report

Even when no injury occurs, after any workplace incident or accident, a written incident report allows a timely investigation. Some incidents are minor and need only slight fixes to prevent their recurrence. However, in more serious situations where a serious injury or property damage could have or did occur, a subsequent failure analysis allows management to determine how to best prevent similar occurrences.

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Can You Identify Red Flags in the Life of a Workers’ Injury?

Certain indicators early in the life of a workers’ injury are red flags — a strong possibility your employee’s healing will be delayed or that the claim may be fraudulent. If you notice any of the following signs, discuss the claim with your adjuster as soon as possible. Once the management of a workers’ compensation injury goes astray, it is usually difficult to bring it back to center.

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