The idea for this blog was conceived by Marshall Ma, who joined The ALS Group as a Risk Management Intern and now provides support on client accounts as Technical Analyst, based on the Chinese ideogram for “crisis”. It just happens that Marshall is fluent in Mandarin and is passionate about risk management. She is an Enterprise Risk Management Graduate and Lecturer at Columbia University. While at Columbia, Marshall spent a lot of time working on campus educating her peers and supporting industry outreach. She also participated in risk assessment and mitigation for the campus’ internal Career Design Lab.
Topics: Enterprise Risk Management (ERM), Human Capital Risk, Risk management, Risk Management Blog, Total Cost of Risk (TCoR), what is total cost of risk, what is erm, what is risk management, risk management internship
People often ask us how The ALS Group is able to attract and retain such a high degree of talent among our leadership and staff. We were recently invited to share some of our secrets at the Ninth Annual “Assessing & Developing High Potentials Summit,” which was sponsored by HRO Today and held (virtually) September 16-17, 2020.
As restrictions due to COVID-19 are slowly lifted, many businesses that have been, either, shut down or had their employees work remotely, are thinking of when and how to re-open and bring their workforce back safely. One of the biggest challenges facing business owners making this type of decision, is how does one manage this new, challenging and invisible risk (risk of COVID transmission), while ensuring your team’s productivity remains high.
Senior leaders tend to look for a mythical “silver bullet” to improve the effectiveness of their Safety Program. What they don’t realize is that they can be the catalyst for change as the key safety champions in the company. By setting the proper tone at the top, senior leaders can establish safety as a priority for managers across the company. Employees look to managers for leadership and guidance.
Topics: Worker's Compensation, safer workplace, safe workplace, safe work, prevent workplace accidents, how to prevent workplace accidents, how to prevent workers compensation claims, how to have a safe workplace, how to create a safe workplace
As September approaches, college students are collecting textbooks, polishing up their class schedules, and shopping for that perfect dorm room setup. Insurance is probably not the first thing on their minds. Unless - you are a Risk Management undergrad at Temple University. ALS Intern, Jason Glickstein, outlines why insurance should be on every college students’ back to school checklist.
Hurricane Isaias hit the East Coast last week, causing damage and destruction in its path to both communities and businesses. Trees have fallen, houses where many are working remotely have been left without internet access, and businesses have been stripped of electrical power and with it the ability to function in the capacity they have been accustomed to in the last few months as their staff adapts to the “new normal.”
As companies think about their supply chain and the risks that are inherent with that area, a good place to start is with your contract terms with the supplier – what are the terms you want? What are the terms you have agreed to?
With the unsettling state of affairs of the world today, a manufacturer or distributor has to be properly vetted and the terms of supply carefully considered. What is an acceptable delay or non-delivery?
Notaries are essential. You may know one or may be one yourself, and chances are, you will need one in the course of your life. There has been some form of a Notary Public in Ancient Egypt, proving that this job has been universally agreed upon as a noble public service undertaking for thousands of years.
Fireworks are a staple of Fourth of July celebrations in the United States, and many towns put on their own professional fireworks displays which are monitored for safety by local fire departments. This year, many of these have been cancelled due to the pandemic, but people still want to celebrate, and many take it upon themselves to set off the fireworks at home.
Recently, I came upon an interesting (albeit disturbing) example of how generic insurance obligation language in a contract left the Landlord without Additional Insured protection from their contractor.
In the case of Seven Up Realty vs AJ Greenwich Contracting, the contract that Seven Up had with Greenwich did not REQUIRE Greenwich