Halloween 2020 - Just another Set of Risks

Posted by The ALS Group on Oct 19, 2020 12:27:24 PM

Halloween is just around the corner, but thanks to COVID, the traditions of everyone’s favorite spooky holiday are off limits this year.

O.K., so, we aren’t able to host crowded costume parties or have crowds attend the haunted houses people have traditionally set up in their backyards, but can we do anything fun on Halloween this year? What about trick-or-treating, kids’ and, let’s be honest, most of adults’ favorite part of Halloween?

Unfortunately, with the ongoing pandemic, it is a bit more risky than ever before. Each state has put COVID related safety guidelines in place and it is important we stay vigilant especially with all of the Halloween related activities that traditionally occur in the month of October.

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Topics: coronavirus, COVID-19, halloween2020, risks

Ransomware Demands Spike Due to Covid-19 Pandemic

Posted by The ALS Group on Oct 12, 2020 3:21:48 PM

As companies had to quickly pivot and implement a remote work plan (a lot of them did not have such a plan in place) due to the ongoing COVID-19 pandemic, they became more at risk for a cyber attack and/or breach due to the vulnerabilities they did not even know they had. As a result of this there has been an uptick in the success rate of cyber attacks in the United States.

Coalition Inc., a cyber insurance provider, recently released their H1 2020 Cyber Insurance Claims report that noted a decrease in the frequency of ransomware claims however, its policyholders have experienced a 100% increase in average demands from 2019 to the first quarter of 2020, then an increase of 47% from the first quarter to the second.1

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Topics: Cyber Risk, Cyber Security, Ransomware, cyber attacks, COVID-19

The Transition Back to the Office

Posted by The ALS Group on Sep 8, 2020 2:57:54 PM

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.  

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Topics: Human Capital Risk, The ALS Group, pandemics, COVID-19, work from home, how to have a safe workplace, back to work

Celebrating the Fourth of July at Home

Posted by The ALS Group on Jul 2, 2020 10:05:42 AM

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. 

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Topics: Risk Management Blog, Risk Mitigation, Safety and Compliance, COVID-19, homeowner's insurance, Independence Day

The Transition into the “New Normal”

Posted by The ALS Group on Jun 16, 2020 1:40:11 PM

As we are “flattening the curve” and the economy is slowly opening, employees will start to transition back to the office after nearly four (4) months of working from home. The COVID-19 pandemic forced many organizations to close and, those that did not have a disaster recovery/business continuity plan in place had to scramble to come up with a “work from home” solution in order to keep their business running while keeping their employees safe and healthy. Such “on the fly” solutions can cause serious complications as employees return to the office, and company leadership realizes that they must adjust their risk strategies to suit the “new normal”.

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Topics: Enterprise Risk Management, Total Cost of Risk (TCoR), pandemics, COVID-19, business continuity plan

COVID & Supply Chain Risks – Are You Prepared?

Posted by Nick Sica on May 28, 2020 1:49:42 PM

COVID-19 forced many companies to close their operations, which caused a great deal of disruption for numerous businesses on both direct losses and their revenue stream.

With America trying to “re-open” there is a host of issues that need to be wrestled with. One of the areas that, we think, might be low on the list for many companies is how their supply chain has been affected and will continue to be impacted by COVID related issues. Having latent supply chain disruption can wreak havoc on a business already challenged by the shutdown. This type of risk needs to be understood, so the company can plan for alternatives.

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Topics: Enterprise Risk Management, Supply Chain Risk, Total Cost of Risk (TCoR), COVID-19

COVID Claims – Notify, Notify, Notify…

Posted by Albert Sica on May 13, 2020 11:54:13 AM

As the effects of COVID-19 continue to impact businesses, it will, surely be an uphill battle to have insurers confirm coverage under most standard insurance policies. Ultimately, a flurry of litigation and government intervention will determine how insurers deal with the losses that their insureds are suffering and will continue to experience stemming from this disaster.

Over the next few weeks and months (maybe years), as these claims unfold, insurers will be faced with the task of interpreting policies and informing their insureds how coverage will or won’t respond. In the meantime, there are some things a business can do to preserve their position with potential COVID-19 claims.

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Topics: Claims Management, Claims Management Process, Strategic Risk Management, pandemics, COVID-19, risk management consultant

Types of COVID-19 Phishing Scams That Are Circulating Right Now

Posted by The ALS Group on Apr 13, 2020 4:24:14 PM

As a follow up to our previous article on the subject of Cyber Security During a Pandemic, we thought we’d share with you some of the topics used in phishing scams, so that you are better prepared, should you become the target of one.

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Topics: Cyber Risk, Cyber Security, Data Breach, Phishing Scam, COVID-19, risk management consultant

Webinar: COVID-19 Has Shut Down Your Construction Project. Is There Insurance for That?

Posted by The ALS Group on Apr 10, 2020 2:51:24 PM

 

Most businesses in the United States have been impacted by the COVID-19 pandemic. As the illness spreads far and wide, many businesses have had to comply with local and federal "stay at home" orders, as well as orders to cease all non-essential construction work, causing delays, and disruption across the construction industry.

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Topics: Claims Management, Construction, Enterprise Risk Management, pandemics, COVID-19, business continuity plan

4 Cyber Security Tips for Businesses with Remote Workers

Posted by Jon Edwards on Apr 7, 2020 12:36:39 PM

Most companies have been forced to quickly implement a remote work solution that suited essential employees or even the entire firm’s staff. This has exposed many companies network to new risks as everyone has a different set up at home. Some are using MACs, some using PCs, some have outdated operating systems and software while others are already infected with viruses or malware. 

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Topics: Cyber Risk, Cyber Security, cyber attacks, COVID-19, remote work, work from home

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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