10 Quick and Easy Ways to Boost Workplace Safety

Posted by Albert Sica on Apr 13, 2017 11:13:31 AM
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Topics: Bodily Injury, Construction, Construction Workplace Safety, Human Capital, OSHA, Workplace Safety

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.

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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)

Social Media and Crisis Planning – Are You Keeping Up?

Posted by Nick Sica on Jan 17, 2014 8:47:40 AM

Crisis Management has been, historically, a function of the IT or Risk Management department for many companies and as social media continues to gain traction, savvy risk managers have incorporated social media into their crisis communication plans.

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Topics: 401(k), BYOD, Cyber Risk, Enterprise Risk Management, Human Capital, Risk Management Blog, Social Media Risk, Strategic Risk Management, The ALS Group, Total Cost of Risk (TCoR)

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.

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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.

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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.

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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.

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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.

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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

 

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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)

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.

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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

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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