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Risk Management Assessment
Company logo for “The ALS Group” featuring a stylized blue and white lightburst graphic
RMA

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. 

Safety is good business!

With all the rules and regulations with which a business needs to comply, an often overlooked area is workplace safety compliance and, specifically, the implications of the Occupational Safety & Health Administration or OSHA. On top of avoiding workers compensation and worker-related frictional costs (production loss/worker distraction, training costs/replacement worker, loss of skill/efficiency – slowed production, administrative time, etc.) compliance can help avoid the penalties that OSHA can impose.

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The ALS Group November 10, 2015

Contracts – The Foundation of the Project

Merriam-Webster defines the term “contract” as a binding agreement between two or more persons or parties; especially: one legally enforceable. In a construction relationship, there are many types of contracts. These include lump sum, guaranteed maximum price, item rate, cost-plus-fixed fee, and cost-plus-percentage of cost. There are also special contracts which include turnkey, negotiated, package, continuing and running contracts.

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The ALS Group October 15, 2015

New York Scaffold Law – To Build or Not To Build

When considering New York construction projects,  The ALS Group is “in a New York State of mind,” to quote Billy Joel. New York’s Scaffold Law Sections 240/241, more commonly referred to as Scaffold, Ladder and Working at a Height Statute, was designed to prevent untimely falls, a leading cause of catastrophic injury and death.

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The ALS Group October 1, 2015

Cyber Threats Hit Home

The breadth of data breaches is widening and now your personal computer network may be a target. Company executives, small business owners, investors, and others who tend to access sensitive or financial data from their home computer or mobile device may be at risk for a personal data breach.

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The ALS Group September 22, 2015

Cyber Risk – you should be worried too

Cyber risk has shot up to become the 2nd largest concern for U.S. businesses in 2015 (up from 5th in 2014). Malicious attacks such as computer viruses, banking or financial system hacks, and data breaches can cripple a business’ reputation and financial standing. If your company is not prepared, it may never recover from a serious cyber risk event.

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The ALS Group June 2, 2015

The Battle Between “Blanket” Additional Insured Endorsement and the Underlying Contract

The construction and real estate industry continue to grow and so do the risk exposures from a fundamental inconsistency between a contract’s commercial intent and insurance policy language. “Additional Insured” is a very common requirement in a real estate or construction contract and many times there is a distinct lack of specificity with what is, actually, being required and why the provision is appropriate.  Additional Insured status provides vicarious liability coverage to an outside entity, usually, an owner or general contractor, under the subcontractor’s policy. It is often a requirement in construction contracts, and it can be the source of insurance disputes if not handled correctly given the changes in

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The ALS Group April 7, 2015

Defense Costs – In Addition to My Limits?

One of the areas often overlooked, but vital to an insured, is the defense costs coverage a liability policy provides. As some insureds may be aware, there are two types of defense costs payments, those policies that pay “in addition” to the limits and those whose payments are “within” the policy limits.

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The ALS Group March 24, 2015

Another Cyber Hack Leaves More Questions than Answers

The adage that information is power seems to carry more weight now than ever before. Healthcare is moving towards data driven analytics, mobile banking is hitting its stride, and sports at all levels are utilizing advanced statistics to improve competition. However, one major downfall is that all this data must be stored somewhere, thereby creating a risk of breach to the data holder. Hackers are well aware that information is power and data breaches seemingly occur at non-stop rates.

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The ALS Group February 24, 2015

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