The Value of the Incident Report

Posted by Albert Sica on Sep 12, 2013 2:17:32 PM

Even when no injury occurs, after any workplace incident or accident, a written incident report allows a timely investigation. Some incidents are minor and need only slight fixes to prevent their recurrence. However, in more serious situations where a serious injury or property damage could have or did occur, a subsequent failure analysis allows management to determine how to best prevent similar occurrences.

Read More

Topics: Claims Handling, Claims Management, Claims Management Process, Construction Accidents, HCP, Human Capital, Risk Management Blog, The ALS Group, Total Cost of Risk, Worker's Compensation

Construction and Certificates of Insurance - Are You Covered?

Posted by Albert Sica on Jun 6, 2013 2:30:38 PM

One of the most commonly found clauses in any construction contract is the requirement of one party to name another party as an additional insured. It is found in The American Institute of Architects (AIA) documents, the Consensus DOCS, and was inserted in almost all manuscript agreements.

Read More

Topics: Claim Reporting, Claims Handling, Claims Management, Claims Management Process, Construction, Construction Accidents, Healthcare, Human Capital, Real Estate, Risk Management Blog, Strategic Risk Management, Total Cost of Risk, Total Cost of Risk (TCoR), Worker's Compensation

Can You Identify Red Flags in the Life of a Workers' Injury?

Posted by The ALS Group on May 15, 2013 12:51:26 PM

Certain indicators early in the life of a workers’ injury are red flags — a strong possibility your employee’s healing will be delayed or that the claim may be fraudulent. If you notice any of the following signs, discuss the claim with your adjuster as soon as possible. Once the management of a workers’ compensation injury goes astray, it is usually difficult to bring it back to center.

Read More

Topics: Claims Handling, Claims Management, Claims Management Process, HCP, Human Capital, Human Capital Practice, Risk Management Blog, TCoR, Total Cost of Risk (TCoR), Worker's Compensation

How Good is Your Insurer at Handling Claims – Know Before You Buy

Posted by Albert Sica on Mar 12, 2013 11:38:09 AM

When business owners shop commercial insurance coverage, the solvency rating of the proposed insurance company is one critical factor they consider. However, savvy commercial insurance buyers should consider another vital factor — how will the proposed insurer handle your claims?

Read More

Topics: Claim Reporting, Claims Handling, Claims Management, Claims Management Process, Strategic Risk Management, Worker's Compensation

Claim Letter Templates - OK In Theory, But Not In Practice

Posted by Albert Sica on Feb 20, 2013 10:28:22 AM

I read an interesting article in this month’s Claims Management magazine about claim letter templates. The article was fairly lengthy and discussed how to improve and organize templates to add to claims efficiency (for the carrier). Makes sense, right? Well, maybe...

Read More

Topics: Claims Handling, Claims Management, Claims Management Process

Doing Business Abroad: The Foreign Corrupt Practices Act (FCPA)

Posted by Albert Sica on Dec 11, 2012 11:51:10 AM

Doing business abroad is difficult enough but recently the renewed interest (and enforcement) of the Foreign Corrupt Practices Act (FCPA) has added a new dimension of challenges. The applications of the FCPA or its British "cousin" the UK Bribery Act are beyond the scope of this posting but carries with it substantial fines and broad enforcement possibilities.

Read More

Topics: Claims Management, Claims Management Process, Enterprise Risk Management (ERM), Enterprise Risk Management, ERM, Private Equity | Venture Capital, Risk Management Assessment, Risk Management Blog, Strategic Risk Management, The ALS Group

Tough Mudder & Risk Transfer

Posted by The ALS Group on Oct 19, 2012 10:41:35 AM

Everyone has heard of the Tough Mudder event, and if you haven't, check out their website here. This Saturday I will be participating in this torturous event. Why am I doing this? I’m not entirely sure, but I know it is probably bad personal risk management to do so.

Read More

Topics: Claims Handling, Claims Management, Claims Management Process, Risk Management Blog, Strategic Risk Management, The ALS Group

Claims – “How to turn lemons into lemonade”

Posted by Albert Sica on Jul 1, 2011 1:07:00 PM

One of the most misunderstood areas of the insurance business is claims handling. Often mishandled, this function is the reason companies buy insurance. To be certain the following four key elements are being managed effectively, there are several points to remember when evaluating your claims management program:

Read More

Topics: Claim Reporting, Claims Handling, Claims Management, Claims Management Process

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