Construction is a high-risk business, from the types of work being done to the financial uncertainty of payments and potential for lawsuits. Insurers and surety companies view risk in terms of exposure to possible losses. Some losses have a higher probability of...
As a business owner, you likely have insurance coverage for your business equipment and property. But, have you thought about what you would do if an unexpected event stopped you from operating your business? How long will you need to close and what type of income...
A group benefit plan can be a great addition to any employee’s total compensation package. But, there are additional things that should be considered for companies that are offering group benefit plans to their employees. For instance, group benefit plans can be...
The World Health Organization recently classified burnout as an “occupational phenomenon” and went on to define it as chronic workplace stress that is unsuccessfully managed. Burnout can cause mental exhaustion, negative feelings about your job and reduced...
Being prepared for a business disruption is not a nice-to-have, but a necessity for your operation. Whether it’s severe weather, wildfire, an illness outbreak or human failure, you need to be ready to handle all kinds of potential disasters. A business continuity plan...
What can a risk manager learn from today’s major product recalls and the large amount of media attention they attract? For consumer goods manufacturers and distributors, it serves as a wake-up call to the impact of a product recall event. It can also be a lesson in...
