Maintaining Business Continuity During the Pandemic

Posted by Kristen Poisler on Mar 18, 2020 11:42:04 AM

An effective risk management strategy always comes down to preparedness. The recent closings and business disruptions due to COVID-19, the illness caused by the spread of novel coronavirus, once again, demonstrate the importance of companies having a comprehensive Business Continuity Plan (BCP).  If your business is one of many that cannot simply close doors and expect to be able to re-open after the pandemic dies down,having such plan in place will insure that you can maintain the essential functions of your business during a major disruption. 

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Topics: Enterprise Risk Management, Strategic Risk Management, Total Cost of Risk (TCoR), Worker's Compensation, pandemics, business continuity plan

Don’t Get Buried with Snow Removal – Effective Risk Transfer is Key

Posted by The ALS Group on Dec 4, 2019 4:52:27 PM

This week’s unexpected snowstorm should be a reminder to be diligent in making sure your snow removal provider has the proper insurance coverage.

With winter almost here, many companies are putting the final touches on snow removal contractor agreements. Liability claims, like slip and falls, relating to the “improper removal of snow and ice”, are frequent, and in many cases, severe. Here are the facts:

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Topics: Bodily Injury, Compliance, Contracts, Enterprise Risk Management, Indemnity, Insurance, Property Risk, Safety and Compliance, Strategic Risk Management

ERM | Monitor, Measure, and Evolve

Posted by Andrew Masini on May 25, 2017 11:12:29 AM

 

In our previous posts on Enterprise Risk Management (ERM), we defined ERM and addressed how to set up the program and use it to assess and treat risks. We have come a long way! In this post, we evaluate the program.

 

ERM is not a static program. An effective approach to evaluating and enhancing the performance is a three-part one: measure, monitor and, most importantly, evolve.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, ERM

ERM | RISK ASSESSMENT PHASE THREE: RISK EVALUATION

Posted by Andrew Masini on Mar 30, 2017 10:20:44 AM

In our two most recent posts in this series, we addressed the first two phases of Risk Assessment: Risk Identification and Risk Analysis. This post looks at the final phase, Risk Evaluation.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, ERM, ERM Framework

ERM | Risk Assessment Phase One: Risk Identification

Posted by Andrew Masini on Feb 10, 2017 8:59:56 AM

Risk Identification is the first of three phases that make up a Risk Assessment.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, Enterprise Risk Management, ERM, Risk Identification, Risk management, Risk Management Assessment, Risk Management Blog

ERM | Risk Appetite and Risk Tolerance: The Path to Informed Decision Making

Posted by Andrew Masini on Feb 1, 2017 12:08:27 PM

In our previous posts in this series, we introduced Enterprise Risk Management (ERM) as a “portfolio view” of risk and discussed various aspects of implementing ERM: roles, culture, a framework and preparing your organization. Now, we’ll begin looking at the “big picture” viewpoint of risk, starting with identifying and prioritizing risks. In the ERM process, management (1) determines acceptable levels of risk, (2) identifies and measures risks throughout the entire organization and aggregates the results, and (3) determines if the aggregated results exceed the acceptable levels. Risk Appetite and Risk Tolerance are the expressions of the “acceptable levels” of risk.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, Enterprise Risk Management, ERM, Risk Appetite, Risk Capacity, Risk management, Risk Management Blog, Risk Tolerance

Implementing ERM | Preparing Your Organization

Posted by Andrew Masini on Jan 20, 2017 1:30:29 PM

 

In our previous blog posts, we introduced Enterprise Risk Management (ERM) as a strategic discipline that affords a “portfolio view” of risk; outlined how to establish roles and context for ERM implementation; and how to establish a risk-aware culture and develop an ERM framework

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, Enterprise Risk Management, ERM, Risk management, Risk Management Blog

Implementing ERM | Building a Risk-Aware Culture and Developing an ERM Framework

Posted by Andrew Masini on Jan 4, 2017 2:20:48 PM

 

In our previous blog posts, we introduced Enterprise Risk Management (ERM) as a strategic discipline that affords a "portfolio" view of risk and we outlined how to establish roles and a context for ERM implementation.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, Enterprise Risk Management, ERM, ERM Framework, Risk Appetite, Risk Management Blog, Risk Register, Risk Tolerance

Implementing ERM | Establishing the Roles, Objectives and Context

Posted by Andrew Masini on Dec 16, 2016 3:26:57 PM

In our previous post, Taking a Closer Look at Enterprise Risk Management, we introduced Enterprise Risk Management (ERM) as a strategic discipline that affords a “portfolio” view of all threats and opportunities throughout an organization.  We contrasted ERM with the traditional “silo” approach to risk management, where various parts of an entity manage their risks with no overarching risk management strategy.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, ERM, Portfolio View of Risk, Risk Management Committee, Risk Management Blog, Subject Matter Expert Group

Taking a Closer Look At Enterprise Risk Management

Posted by Andrew Masini on Nov 17, 2016 10:58:35 AM

Every organization is faced with risks and needs to practice some form of risk management in order to maintain the health of the entity. Many take a traditional approach, where risk is managed in silos, with each leader of a business unit (sales, operations, finance, HR, etc.) responsible for managing the risks that fall within his or her area of responsibility.

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Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, Enterprise Risk Management, ERM, ERM Framework, 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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