Cyber Security During a Pandemic

Posted by Jon Edwards on Mar 30, 2020 1:23:48 PM

During every national emergency situation, there are always scammers who look to capitalize on people during times of distress. Scammers have already begun to take advantage of the current state of emergency due to the Coronavirus pandemic. Similar to Hurricane Sandy in 2012, phishing scams have begun to plague our inboxes. Coronavirus phishing scams may come in the form of a statement or request from someone impersonating a Centers for Disease Control (CDC), World Health Organization (WHO), or similar agency official. They may even use domain names similar to those of the CDC and WHO.

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Topics: Phishing Scam, Ransomware, cyber attacks, pandemics, hacking,, social media, COVID-19, risk management consultant, remote work

Remote Working – Helpful Tips to Remain Productive

Posted by Kristen Poisler on Mar 23, 2020 12:11:26 PM

This pandemic has impacted all of us. Many companies, including ours, implemented a “work from home” policy to ensure the health and safety of, both, their employees and their business. For us, since we always had an open floor environment and advocate a collegial collaborative work place being able to easily collaborate on projects and ask each other questions directly was particularly important. 

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Topics: Risk Management Blog, Strategic Risk Management, risk management consultant, remote work, work from home, tips, productivity

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

Happy International Women's Day!

Posted by Kristen Poisler on Mar 8, 2020 12:16:30 PM

The ALS Group whole-heatedly believes in being an equal opportunity employer. The diverse group of women who work in our office are critical thinkers who do exceptional quality work, and maintain technical competence through a commitment to training, professional education, and active mentoring. We proudly empower them to use their abilities responsibly. 

For International Woman's Day, we asked the women of the ALS Team to answer one question: How has your role at The ALS Group empowered you? Here are their answers: 

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Topics: The ALS Group, internship, risk management consultant, careers, glassdoor, risk, empowerment, women

Risks of Working from Home and Workers' Compensation Policy

Posted by Albert Sica on Mar 3, 2020 12:44:23 PM

As Coronavirus spreads worldwide, companies are thinking of ways to keep productivity up, as well as, mitigate the risks to both their employees and the organization’s bottom line. One of the ways a company can manage this is to have its employees work from home. This can be a great way to keep your business running, but only if you can identify and manage the risks involved. This article from Insurance Business America does a great job in outlining potential Workers’ Compensation risks for employees who work from home, and what you can be doing to insure your business is prepared to manage those risks.

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Topics: Strategic Risk Management, Worker's Compensation, COVID-19, risk management consultant

Jessica Aviles, VP of Talent Management, Answers Questions about the Internship Program at The ALS Group

Posted by Kristen Poisler on Mar 2, 2020 12:21:14 PM

Who are you and what is your role at The ALS Group?

My name is Jessica Aviles, I am the VP of Talent Management at The ALS Group. I was brought on-board almost two and half years ago to manage the existing talent, drive culture and spearhead the internship program. Those are my main responsibilities at ALS.

How do you recruit for an internship?

The ALS Group is an independent risk management and insurance advisory firm that provides unbiased advice to C-level leadership. Therefore, our recruitment process is really much more of a personal experience than that of most companies, where internship candidates can come from anywhere. I primarily recruit from schools that have Risk Management as a top area of study. One of them being Columbia University in Manhattan. I have developed a really strong relationship with the career services team at Columbia which helps me attract candidates and staff consistently. 

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Topics: internship, risk management consultant, careers

While Constructing a Builder’s Risk Policy, Consider Soft Costs & Hard Costs

Posted by Heidi Much on Feb 24, 2020 3:28:23 PM

Every significant construction project needs a Builders Risk policy.

Sounds simple enough, but the process of procuring the correct Builders Risk policy starts with an understanding of the project costs, construction timeline, and imagining potential claim scenarios. When an insured purchases an insurance policy, there is an expectation if a loss occurs; the insurance company will make the insured whole again.  This only happens when a Builders Risk policy is designed correctly.  The key to policy design is understanding and identifying the values at risk and how those values align with the actual insurance policy definitions.

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Insurance Risk & Rising Premium Rates – Why, & What Can be Done to Change Them

Posted by The ALS Group on Feb 19, 2020 12:53:36 PM

Three Questions for Managing Principal, Albert Sica, of The ALS Group

For the last 12-18 months commercial insurance rates have been rising and many business leaders are ill-equipped to either understand why or what they can do about it. Recently, this was captured in a good article in The Wall Street Journal and we thought we would explore this a bit more.

Business leaders often rely on a broker, whose primary role is to “sell” insurance to guide them through a complex mix of their company’s exposures, insurance policy language (including exclusions) and what can be done to, both, mitigate risk and the cost of coverage. Understanding the financial impact of a risk on a company’s balance sheet or earnings statement and what can be done to protect against that uncertainty is key to complex questions it is now essential to explore.

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Topics: business, Insurance, Risk Mitigation, The ALS Group, Total Cost of Risk (TCoR), catastrophic loss,

Threats to Consider When Crafting a Social Media Risk Mitigation Plan

Posted by Jon Edwards on Feb 10, 2020 3:13:10 PM

 

Over the last decade, social media has quickly become a prominent way for businesses to advertise, communicate, and educate. On the flip side, it can be a huge risk for those businesses that cannot keep up with the ever changing tools and trends in privacy, security, and marketing. We often see businesses and even public figures falling prey to social engineering scams, ransomware, hacking, and a multitude of other cyber risks. Luckily, with some planning and diligence, mitigating these risks can be quite simple. Below are examples of some threats as well as solutions you can implement now that will help protect your business from some of the most prevalent social media threats.  

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Topics: Risk management, cyber attacks, social media for businesses, social media, social media risks

Can Novel Coronavirus be a Risk to Your Business?

Posted by The ALS Group on Feb 4, 2020 12:55:11 PM

Last month, the World Health Organization (WHO) issued a warning about the potentially dangerous, rapidly spreading coronavirus that originated in Wuhan City, Hubei Province of China. According to the WHO the public must be “alert but not anxious”. Information is changing by the hour as doctors and officials evaluate how dangerous this outbreak is, and race against the clock to stop it. For those of you who would like the latest information from the WHO, you can visit their website and view the daily Situation Reports.

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Topics: Healthcare, Supply Chain Risk, Travel Risk, pandemics, coronavirus, COVID-19

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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