The ALS Group Risk Management Articles

Last month, the World Health Organization (WHO) issued a warning about the potentially dangerous, rapidly spreading coronavirus that originated in Wuhan City, Hubei Province of China. According to the WHO the public must be “alert but not anxious”. Information is changing by the hour as doctors and officials evaluate how dangerous this outbreak is, and race against the clock to stop it. For those of you who would like the latest information from the WHO, you can visit their website and view the daily Situation Reports.

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.

  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