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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. 

Landlords Risk and Insurance Buyer Beware

New Jersey’s real estate market offers lucrative opportunities for property investors and landlords, but it also presents a complex web of risks—particularly regarding insurance. Proper insurance coverage is crucial for protecting your investment, but many landlords face pitfalls that can result in significant financial and legal issues. While most landlords rely on insurance brokers to secure their policies, a specialized advisor like The ALS Group can play a pivotal role in identifying and addressing gaps in your coverage. Common Pitfalls in Landlord Insurance Inadequate Coverage for Property Damage One of landlord insurance’s major pitfalls is inadequate property damage coverage. Many standard policies may not include protection for specific risks such

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The ALS Group July 9, 2021
A person is silhouetted against a sunset, leaping from a cliff symbolizing the transition from one year to the next with a sense of risk management.

Business Risks CEO’s Should be Aware of in 2021

Businesses face a wide array of risks that are increasingly complex and interrelated. From fluctuations in the economy and changes in immigration laws to the ongoing threat of cybercrime and new legislative changes, companies must stay vigilant to protect their operations, reputation, and bottom line. Ignoring these risks or failing to prepare for them adequately can lead to costly mistakes, missed opportunities, and, in some cases, the collapse of an entire business. In this article, we’ll cover the top business risks to be aware of in 2021 and how insurance solutions and expert guidance from The ALS Group can help mitigate them. 1. Economic Instability and Market Volatility The global

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The ALS Group March 1, 2021
Several holiday-themed gift bags, including one with the text "Tis the Season," are arranged on a wooden floor, containing wrapped presents.

The ALS Group – The Team Gives Back!

The ALS Team partnered with Bridges of Hope, Staten Island to collect and donate gifts for families who are coping with a particularly difficult holiday season. Bridges of Hope was started by Grace Murphy in 1998 as a parish social-action outreach effort to create a “bridge” between the community and families in public housing. 

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The ALS Group December 14, 2020
Managing Risks and Opportunities

Managing Risks and Opportunities

The idea for this blog was conceived by Marshall Ma, who joined The ALS Group as a Risk Management Intern and now provides support on client accounts as Technical Analyst, based on the Chinese ideogram for “crisis”. It just happens that Marshall is fluent in Mandarin and is passionate about risk management. She is an Enterprise Risk Management Graduate and Lecturer at Columbia University. While at Columbia, Marshall spent a lot of time working on campus educating her peers and supporting industry outreach. She also participated in risk assessment and mitigation for the campus’ internal Career Design Lab.

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The ALS Group September 23, 2020
Three people working at desks providing top-notch risk management services in Florida.

The Transition Back to the Office

As restrictions due to COVID-19 are slowly lifted, many businesses that have been, either, shut down or had their employees work remotely, are thinking of when and how to re-open and bring their workforce back safely. One of the biggest challenges facing business owners making this type of decision, is how does one manage this new, challenging and invisible risk (risk of COVID transmission), while ensuring your team’s productivity remains high.

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The ALS Group September 8, 2020
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Will Homeowner’s Insurance Cover a Cyber Attack on Your Personal Information?

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.

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The ALS Group June 8, 2020
Dark storm clouds fill the sky, with a few patches of lighter clouds and hints of blue peeking through.

Prepare Your Business for the 2020 Atlantic Hurricane Season

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.  

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The ALS Group June 3, 2020
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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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The ALS Group May 28, 2020
A stack of white paper sheets with holes punched in the top left corner, placed against a white background.

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 ALS Group May 13, 2020

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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