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

Out of Pocket Limits Changes Begin in 2014

Posted by The ALS Group on Jun 27, 2013 2:39:50 PM

In employers’ 2014 plan year, all companies must ensure their non-grandfathered plans adhere to a single out of pocket (OOP) maximum for their employee’s health care plan expenses. This requirement applies to both fully insured and self-insured plans. Going forward, the OOP limit must include all spending on medical, prescription drugs and both mental health and substance abuse treatment benefits. Actuarial estimates indicate this change could increase employer health care costs between 1.5% and 2% next year.

Read More

Topics: HCP, Healthcare, Human Capital, Human Capital Practice, Political Risk

Parental Control Tools Online Can Mitigate Your Risks – Yep, There’s An App For That!

Posted by The ALS Group on Jun 25, 2013 3:18:33 PM

Despite being ripe with positive, useful and educational information, the internet is chock-full of potent dangers, and your children can get into quite a few uncomfortable and, sometimes, dangerous situations whether it is intentional or not. As highlighted in our past blogs on this topic, if you have a standard Homeowners policy, you will likely have little protection from the legal liabilities that can result from inappropriate actions via the internet.

Read More

Topics: Breach of Security, Claims Management, Cyber Risk, Cyber Security, HCP, Human Capital, Human Capital Practice, Personal Lines, Reputational Risk, Risk Management Blog, Social Media Risk

Wellness Plans – Don’t Throw the Baby Out With the Bath Water

Posted by The ALS Group on Jun 19, 2013 3:55:07 PM

Many of today’s employers offer robust wellness programs, which, typically, offer employees incentives for certain types of behaviors in an effort to improve health and, ultimately, reduce employer medical costs. These rewards can include premium discounts, membership in gyms and cash.

Read More

Topics: HCP, Healthcare, Human Capital, Human Capital Practice, Political Risk, Risk Management Blog

Human Error and Enterprise Risk Management

Posted by The ALS Group on Jun 18, 2013 9:45:14 AM

When evaluating your company’s risks, one concept that is frequently overlooked is the idea of how human error could impact your organization.  Until recently, there has been very little written on this subject. However, in the recent issue of the RIMS Risk Management Magazine, an article by Tony Kern and David McKay touched on this point and successfully demonstrated how human error is one risk that companies must continually monitor.

Read More

Topics: Enterprise Risk Management (ERM), Enterprise Risk Management, ERM, HCP, Human Capital, Human Capital Practice, Risk Management Blog, Strategic Risk Management, Total Cost of Risk (TCoR)

Preventive Care Under The PPACA May Increase Your Health Care Costs

Posted by The ALS Group on Jun 11, 2013 12:51:13 PM

 

Read More

Topics: HCP, Healthcare, Human Capital, Human Capital Practice, Political Risk, Risk Management Blog, Strategic Risk Management, TCoR, Total Cost of Risk, Total Cost of Risk (TCoR)

ACA-Related Whistleblower Claims

Posted by The ALS Group on Jun 5, 2013 12:19:18 PM

Read More

Topics: Claim Reporting, Claims Handling, Claims Management, HCP, Healthcare, Human Capital, Human Capital Practice, Risk Management Blog, Worker's Compensation

Fortune Telling: Can You Predict Your Organization's Future Talent Pool?

Posted by The ALS Group on May 23, 2013 4:07:27 PM

While none of us can predict the future, we do not need a crystal ball to tell us that as the Baby Boomers retire in the next decade, there will be a mass exodus of talented and experienced employees leaving the workforce.  What does that mean to you, as one of the leaders of your organization?  Do you see the exodus of the “Boomers” as an opportunity to reduce your labor and health care cost, or, are you concerned that the “War for Talent” will lead to a bidding war with compensation costs spiraling out of control?  One thing is certain, organizations that do not begin developing their talent management systems now will be susceptible to being negatively impacted in the very near future.

Read More

Topics: HCP, Human Capital, Human Capital Practice, Human Resource Management, Risk Management Blog, TCoR, Total Cost of Risk, Total Cost of Risk (TCoR)

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

Reducing the Frequency and Severity of Workers’ Compensation Claims

Posted by The ALS Group on May 9, 2013 3:31:07 PM

As workers’ compensation rates rise across the nation and the National Council of Compensation Insurers (NCCI) institutes new rating strategies that could negatively impact your premiums, the importance of reducing the frequency and severity of workers’ compensation claims becomes even more crucial.

Read More

Topics: HCP, Human Capital, Human Capital Practice, Risk Management Blog, The ALS Group, Total Cost of Risk, Total Cost of Risk (TCoR), Worker's Compensation

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