The ALS Group

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5 Activities for Take Our Daughters and Sons to Work Day

Posted by The ALS Group on Apr 27, 2017 4:49:13 PM

3.5 million workplaces celebrate Take Our Daughters and Sons to Work Day in the United States, is yours one of them?

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Topics: Construction Workplace Safety, Workplace Safety

When Construction Shortcuts Become Criminal

Posted by The ALS Group on Apr 20, 2017 4:33:00 PM

Take a casual stroll in Manhattan and you can't help but notice that construction is booming. Cranes, scaffolding, and sidewalk sheds are everywhere. And this isn’t just a New York City phenomenon. Ground-up construction and renovation projects are picking up all across the country. Low interest rates and favorable building conditions are resulting in a surge in real estate & development projects.

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Topics: Construction, Construction Accidents, Construction Project Risk, Construction Workplace Safety, Real Estate & Development Risk, Risk Management Blog, Worker's Compensation

The 10 Fundamentals of a Sound Risk Management Program

Posted by The ALS Group on Feb 28, 2017 9:25:48 PM

More than 80% of companies don’t manage risk effectively. Is yours one of them?

A 2014 survey by a non-profit business research firm found that fewer than 20 percent of executives say their companies effectively manage risk. Companies will often have a process in place to identify and monitor risks. But they fall short when it comes to actually implementing practices to manage those risks as part of the overall strategic plan.

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Topics: Enterprise Risk Management (ERM), Risk Management Blog, Strategic Risk Management, Total Cost of Risk (TCoR)

Pokémon Go and Construction Site Safety

Posted by The ALS Group on Aug 4, 2016 1:45:19 PM

Have you protected your worksite from Rattata yet? How about Pidgey or Staryu?

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Topics: Construction, Construction Accidents, Construction Project Risk, Pokemon Go Construction Site Accidents, Pokemon Go Mishaps, Risk Management Blog, Safety and Compliance

Read Before You Sign - Insurance and Contracts

Posted by The ALS Group on May 12, 2016 3:22:19 PM

A critical step of any contractual agreement between property owners and managers and their vendors (including contractors) is a careful review of the provisions affecting insurance and legal indemnification.  The difference between a thoughtfully negotiated contract and one that is “off the shelf” or, even worse, none at all may be the difference between accepting liability where never intended.

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Topics: Construction, Construction Project Risk, Contracts, Indemnity, Risk Management Blog

Hurricanes, Tropical Storms and Insurance – Oh My

Posted by The ALS Group on Oct 1, 2015 12:00:46 PM

As the world is ever changing, so are the way insurers interpret the natural disasters and how they will respond to cover these terrible events. Over the years, the U.S. has seen an increase in earthquakes, tornadoes, hurricanes, blizzards and more. The insurance industry now has created a stricter view of how they will cover these events. In particular, as we have seen with Hurricane Katrina and Hurricane Sandy, the insurance industry has developed a new terminology and deductible related, specifically, to “named storm/named windstorm.”

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Topics: named storm/named windstorm, Personal Lines, Property Risk, Risk Management Assessment, Risk Management Blog, The ALS Group

Supply Chain Risk- How “Wood” You Prevent Your Companies From Being Exposed to a Financial Loss?

Posted by The ALS Group on May 19, 2015 6:03:17 PM

A recent article in the Wall Street Journal highlighted the plight of Lumber Liquidators who has been struggling to deal with the fallout from a scandal that was caused due to the use of formaldehyde in its wood.  You may have seen this on a “60 Minutes” program in early March. If you are a retailer after reading this article and watching the 60 Minutes TV spot you must be asking the question. How well do I know my 3rd party vendors and what  process, if any, does my organization have to contain a similar event?

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Topics: Claims Management, Insurance, Lumber Liquidators, Manufacturing and Distribution, Reputational Risk, Risk management, Risk Management Blog, strategic, Strategic Risk Management, supply chain, Supply Chain Risk, The ALS Group, Total Cost of Risk (TCoR)

Defense Costs – In Addition to My Limits?

Posted by The ALS Group on Mar 24, 2015 2:13:16 PM

One of the areas often overlooked, but vital to an insured, is the defense costs coverage a liability policy provides. As some insureds may be aware, there are two types of defense costs payments, those policies that pay “in addition” to the limits and those whose payments are “within” the policy limits.

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Topics: Construction Project Risk, defense costs, Employment Practices, Fiduciary, General, Liability, Limit of Liability, Risk management, Risk Management Blog, Strategic Risk Management, Total Cost of Risk

Hurricanes, Tropical Storms and Insurance – Oh My

Posted by The ALS Group on Feb 19, 2015 4:11:23 PM

As the world is ever changing, so are the way insurers interpret the natural disasters and how they will respond to cover these terrible events. Over the years, the U.S. has seen an increase in earthquakes, tornadoes, hurricanes, blizzards and more. The insurance industry now has created a stricter view of how they will cover these events. In particular, as we have seen with Hurricane Katrina and Hurricane Sandy, the insurance industry has developed a new terminology and deductible related, specifically, to “named storm/named windstorm.”

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Topics: named storm/named windstorm, Risk Management Blog, TCoR, Total Cost of Risk (TCoR)

Understanding Insurance Terms - Actual Cash Value vs. Replacement Cost

Posted by The ALS Group on Jan 28, 2015 11:15:16 AM

It is vital to understand specific terms found in insurance policies. The inability to do so may result in an unwanted surprise such as a lower than anticipated claim payment following a loss.  For example, Actual Cash Value (ACV) and Replacement Cost (RC) are two different methods of valuation that will determine how the insured is indemnified.

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Topics: Claims Management, Personal Lines, Property Risk, Risk management, Risk Management Blog

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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