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. 

Hospitality Industry Challenges & Risks

Hospitality Industry Challenges & Risks

As the Hospitality industry continues to experience growing activity amidst a strong economy, there are, inherently, challenges that must be continuously addressed and improved on to ensure customers keep coming back. Identifying challenges and solutions to those challenges is one aspect of avoiding pitfalls, but an often overlooked perspective is the risk(s) to which those challenges could, ultimately, lead.

Read More »
A row of file folders highlights the diligent process of insurance and risk management.

Faulty Work & Claims Reporting

I came across an interesting case that illustrates how critical it is to properly notice a “downstream party” of a claim (or potential claim) and require proof that notice was filed with their insurer.

Read More »
Underrated Small Business Threats and How to Safeguard Against Them

5 Underrated Small Business Threats and How to Safeguard Against Them

  Most small business owners have at least some knowledge of the risks they face. Likely their insurance broker has educated them on some basic coverage for workers compensation, property damage, and business interruption to name a few. But several other potential exposures exist that, if left unaddressed, can mean massive and unncessary risk for a small business. As a company grows, so too does its risk. Business owners therefore would be well served to understand exactly what risks they face, how their specific industry affects their situation, and what they can do about it. Never be blindsided by a seemingly unforeseen issue. Visualize worst case scenarios so you can

Read More »
A person holding a magnifying glass over a stack of documents.

Determining Soft Costs Coverage Under Builders Risk Policy

Soft cost, or delay in the project completion coverage has been a hot topic of discussion and concern recently due to the unique claims scenarios that occur during a construction phase of a project. At first glance, the term “soft costs” seems easy to explain. But it’s actually a more complex subject.

Read More »
A modern conference room with A large screen perfect for presentations on risk management services in Florida.

What is Business Personal Property Coverage & What Does it Include? (Clone)

  Personal property is one of the most underrepresented and disregarded coverage extensions on a commecial property policy. That is, Business Personal Property (BPP) – the personal property owned by the entity that is the named insured on the policy. BPP covers a variety of items typically identified with being owned in relation to the premises identified on the declaration page of a policy. It is not usually intended to insure the personal property of a firm’s employees or guests. Over the course of the last fifteen years, there have been several key changes to significantly expand the definition of BPP in different ways. Always keep in mind that coverage

Read More »
A world map highlighting locations with a high density of activity in Europe, Russia, India, and parts of North and South America

WannaCry Ransomware Attack: Key Healthcare Data Security Takeaways

Source: The New York Times   Though there’s currently no evidence that patient data was breached in last week’s massive cyber attack on UK hospitals, the news sent shock waves around the globe. The ransomware used in the attack, known as “WanaCrypt0r 2.0” or “WannaCry,” disrupted health services and ambulance transports at several hospitals throughout England.

Read More »
The Internet of Things (IoT)

Is a Cyber Breach on Your Holiday Wish List? | The Internet of Things (IoT)

The holiday season usually means new tech gadgets for everyone to tap, swipe, click, and download.  Most people who unwrap a new iPhone, MacBook, Smartwatch, Fitbit, or game console probably aren’t considering the ramifications of connecting those devices to the Internet and setting up new user accounts filled with their personal information.  Unfortunately, we live in a time where have to, or at the very least, should.

Read More »

The Power of Parsing Risk: Your Risk Register in Action

Risks pose threats to a broad range of your organization’s resources, such as assets, company reputation or time. These resources are spread throughout a variety of potential risk owners.  In turn, each risk owner may have access to only certain capabilities for addressing risk. For example:

Read More »
Yellow folder labeled "Request for Proposal" with papers inside and a pen resting on it.

Choosing the Right Broker – Have You Considered A Broker RFP?

There may be a number of times that you’ve considered evaluating your company’s insurance broker for various reasons, including: Ensuring a sense of confidence and peace of mind that the broker who is working with you is, in fact, working in your best interests and delivering the best solutions for your firm’s coverage; Conducting your standard vendor evaluation, or; You are frankly not satisfied with your current insurance broker’s services and looking to identify alternatives.

Read More »

Our areas of expertise include:

  • Enterprise Risk Management (ERM)
  • Cyber Security & Cyber Liability Insurance
  • Construction Management
  • Customized Risk Management Assessments (RMAs)

Subscribe to our articles

blog posts form
Skip to content