Purnima Rangarajan

Recent Posts

Choosing the Right Broker – Have You Considered A Broker RFP?

Posted by Purnima Rangarajan on Sep 22, 2016 2:35:12 PM

There may be a number of times that you’ve considered evaluating your company’s insurance broker for various reasons, including:

Read More

Topics: Broker RFP, Insurance, Insurance Broker Purchase Strategies, Insurance Broker Selection, Insurance Coverage Purchase Strategies, Insurance Coverage Selection, Request for Proposal, RFP, Risk management, Risk Management Blog

The Battle Between "Blanket" Additional Insured Endorsement and the Underlying Contract

Posted by Purnima Rangarajan on Apr 7, 2015 2:21:47 PM

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 the regulatory framework of today’s insurance policies.

Read More

Topics: Construction, Construction Accidents, Construction Premiums, Construction Project Risk, Insurance, Limit of Liability, Property Risk, Real Estate, Risk management, Risk Management Blog, Strategic Risk Management, The ALS Group, Total Cost of Risk

Determining Soft Costs Coverage Under Builders Risk Policy

Posted by Purnima Rangarajan on Feb 4, 2015 12:41:30 PM

The-ALS-GROUP-NJ-POLICY-ANALYSIS.jpg

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; however, it is a complex subject.

Read More

Topics: Construction, Construction Premiums, Construction Project Risk, Real Estate, Risk Management Blog, Strategic Risk Management, The ALS Group

How to Prevent Internal Fraud from Crippling Your Organization

Posted by Purnima Rangarajan on Feb 14, 2014 12:18:45 PM

In its 2012 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) found that organizations typically lose five percent of their revenue to fraud each year. Even more frightening is this statistic from that report: the medium loss of survey respondents was $140,000. Over one-fifth of the losses studied exceeded $1 million. Small-to-medium sized businesses are often fraud targets because they lack anti-fraud controls. The smallest organizations in the ACFE study suffered the largest median losses.

Read More

Topics: Employee Dishonesty, Human Capital, Limit of Liability, Reputational Risk, Risk Management Blog, Risk Review, Strategic Risk Management, The ALS Group, Total Cost of Risk (TCoR)

Does Your Homeowners Policy Respond To The Possible Legal Suits Due to Your Kids Online Activity?

Posted by Purnima Rangarajan on May 22, 2013 10:11:42 AM

Social media is beyond just emerging now – in fact it is exploding, pervasive and entering many aspects of our lives including Personal Lines insurance.  As articulated in the previous blog on this topic, while parents may be concerned about their children's online activities, they are not actually thinking about the issue from a risk management and insurance perspective.

Read More

Topics: Cyber Risk, Cyber Security, Risk Management Blog, Social Media Risk, Total Cost of 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)

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all