We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Employees look to managers for leadership and guidance. Front-line supervisors rely on managers to provide safety training, enforce safety rules, and help monitor employee performance.
These days, with most of us stuck at home and doing the majority of shopping and banking online, the risk of cyber criminals hacking into our networks to get to our bank accounts and/or personal information is greater than ever. While we have made considerable advances in cyber-security, so have the cyber criminals which is one of the reasons we are starting to see insurance policies that protect personal information in the event of a breach. The market for this type of insurance is still new, but it can be quite inexpensive to add cyber protection to homeowner’s policy if the insurer who wrote the policy provides it.
The 2020 Atlantic hurricane season is expected to run from June 1st to November 30th. Department of Atmospheric Science at Colorado State University predicted that the East Coast of the United States is likely to see a major hurricane, ranking at a category 3, 4, or 5, during the 2020 Atlantic hurricane season. High category named storms bring on damages like, floods, wind damage, and power failure which may take several weeks to recover from. Though these predictions are not precise, we believe, that informed preparation is the best way to avoid costly claims, not unlike those caused by Hurricane Sandy in 2012.
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.
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.
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.
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
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.
Most businesses in the United States have been impacted by the COVID-19 pandemic. As the illness spreads far and wide, many businesses have had to comply with local and federal “stay at home” orders, as well as orders to cease all non-essential construction work, causing delays, and disruption across the construction industry.
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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At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information: info@thealsgroup.com
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
At The ALS Group, we help clients achieve their strategic goals via expert and insightful identification, quantification, and mitigation of the risks that could impact their business, or present opportunities for it.
More Information : info@thealsgroup.com
New Jersey
175 Main St
Woodbridge, NJ 07095
Tel: +1-732-395-4250
Florida
1800 NW Corporate Blvd Ste 202
Boca Raton, FL 33431
Tel: +1-561-437-0024
