Albert Sica

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'Tis The Season to be Jolly…

Posted by Albert Sica on Dec 13, 2019 11:14:38 AM


We have all heard that phrase before, and now that Thanksgiving has passed it will be a sprint to New Year’s Eve – surely, with a few holiday parties in the middle. This is when companies often are not thinking about the risks that come with partying employees, liquor, music, dancing and potentially driving. Certainly sounds like a volatile mix!

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Topics: Holiday Risk, Liability, Risk management, Safety and Compliance, Strategic Risk Management, Total Cost of Risk

Faulty Work & Claims Reporting

Posted by Albert Sica on Mar 6, 2019 10:22:10 AM

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.

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Is your insurance compliance fact or fiction?

Posted by Albert Sica on May 10, 2017 10:49:00 AM

Obtaining the clarity with both a contract and the related insurance compliance has turned into one of the more daunting tasks for "upstream" counter-parties such as Landlords, Owners, etc. When reviewing vendor contracts there are several issues that Landlords, Owners, etc. should be mindful of, such as:


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Topics: Compliance, Insurance Coverage Placement, Insurance Coverage Selection

10 Quick and Easy Ways to Boost Workplace Safety

Posted by Albert Sica on Apr 13, 2017 11:13:31 AM
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Topics: Bodily Injury, Construction, Construction Workplace Safety, Human Capital, OSHA, Workplace Safety

Customer Identity Theft: Implications & Prevention Measures

Posted by Albert Sica on Apr 11, 2017 4:05:17 PM


Identity theft is the fastest growing crime in the United States. Each year, more than 15 million Americans fall victim. It’s also the number one consumer complaint received by the Federal Trade Commission.

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Topics: Cyber Insurance, Cyber Risk, Cyber Risk Mitigation

Does Your Snow Removal Provider Have Proper Insurance Coverage?

Posted by Albert Sica on Feb 14, 2017 12:06:01 PM


Liability claims related to improper removal of snow and ice are frequent, and in many cases, severe. Many of the claims originate from elderly people sustaining injuries from slips and falls from which they never fully recover. In other words … BIG CLAIMS!

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Topics: Property Risk, Risk management, Risk Management Blog, Snow Removal


Posted by Albert Sica on Jul 28, 2016 4:28:47 PM

With the deadline for filing form 5500 literally around the corner (July 31), fees and expenses associated with 401(k) are critical issues for plan sponsors.   One of the most important things a plan sponsor can do is to benchmark their plan fees against the ones in comparable plans, to mitigate their risk for lawsuits or sanctions.  According to the July 20, 2016 article in Bloomberg BNA "New York Accused of Profiting Off Workers' 401(k)", New York Life has been sued by employees who claim that one of the company’s in-house mutual funds carried needlessly high fees that eroded their retirement savings.

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Topics: 401(k) Plan Fee Disclosure, Risk Management Blog, Strategic Risk Management

OSHA Recordkeeping – Nowhere to Hide

Posted by Albert Sica on Jun 2, 2016 2:22:52 PM

The recent changes to the OSHA record keeping rules that were issued a couple of weeks ago  have been drawing quite a few negative comments from business and industry.

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Topics: Claims Management, OSHA, Risk Management Blog, Safety and Compliance

Food Safety & D&O Insurance

Posted by Albert Sica on Jan 12, 2016 9:03:01 AM

It was not a very happy new year for Chipotle having been slapped with a shareholder class action lawsuit for “having known the fast food chain had inadequate safety practices but lied and omitted material facts in reports to stockholders".

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Topics: Bodily Injury, Coverage Review, D&O, Exclusions, Exposure Review, Policy Exclusions, Risk Management Blog

Doing Business Abroad: Supply Chain and Political Risk Issues – Don’t Ask…Don’t Tell?

Posted by Albert Sica on Nov 17, 2014 10:35:26 AM

As organizations increase their operations abroad, their supply chain risk also increases. A risk in doing business abroad is the reality that overseas supply chains are increasingly vulnerable to political uncertainties. According to a study reviewed by Zurich® Insurance, supply chain disruptions can cause an average 25 percent reduction in share price over two years. Can your company afford that risk? Other studies show that the stronger a company’s risk management practices, the more robust its growth. Those companies with “emerging risk practices” were less profitable, according to Zurich®. According to the American Quality and Productivity Center in a recent survey of 196 companies, 77 percent of the respondents experienced at least one supply chain glitch in the previous two years. And given companies’ tendency toward lean manufacturing, a chink in the supply chain can drastically hurt production and profits almost immediately.

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Topics: Business Abroad, Political Risk, Risk Management Blog, Supply Chain Risk

The ALS Group

Risk Management Blog

We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe. 

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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