While you may think your business would never be the victim of theft, the harsh reality is that nearly every business can become a victim. In this day and age, thieves (including your employees) do not need direct access to cash to steal from you — merchandise, supplies, and securities are all fair game.
From hiring workers to assigning duties, each of your decisions effects employees in a unique way. Although these actions are critical to running your business, they also create exposures that could lead to costly claims by employees or governmental regulators. Even if they are not warranted, claims for wrongful employment practices can disrupt operations, damage your business’s reputation, hurt employee morale, and negatively impact your bottom line.
With today’s emphasis on corporate transparency and accountability, an organization’s directors and officers face a countless number of exposures. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be devastating for both the organization and your directors and officers.
Fitness centers are popular destinations for those looking to get in shape, and the owners and operators of these facilities are passionate about helping their members better their health. However, to best serve members, owners of fitness centers are forces to address the unique risks associated with their business. In this document, you’re read more about the common exposures faced by fitness centers.
Despite its convenience and potential for profit, Airbnb is not without its risks for those who decide to list. Before renting out your home or spare room through Airbnb, this risk mitigation guide will help to provide some tips to keep in mind to lower your exposures.
On March 28th, 2019, a federal judge ruled that certain parts of the Trump administration’s 2018 final rule on association health plans (AHPs) are invalid. The court directed the DOL to reconsider how the remaining provisions of the final rule are affected. This compliance notice provides an overview of the court’s ruling and impact.
This guide from the Occupational Safety and Health Administration (OSHA) highlights the importance of preventing falls, particularly in the construction industry. This training guide includes materials to help firms prevent injuries and fatalities caused by falls.
In an age where a stolen laptop or data breach can instantly compromise the personal data of thousands of customers, protecting your business from cyber liability is just as important as some of the more traditional exposures businesses account for in their commercial general liability policies.
On March 7th, 2019, the Department of Labor (DOL) issued a proposed rule that would change the salary thresholds for certain exempt employees. In this compliance update, learn more about the changes the DOL included in this proposal.
Just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. Standard business interruption policies are vital in these instances, providing protection against a variety of common interruptions, including natural disasters, equipment damage, and vandalism.
But what happens when one of your suppliers or customers experiences an interruption that derails your operations? To help address this concern, contingent business interruption (CBI) insurance is crucial.
In addition to risks common to every industry, such as theft and natural disasters, auto dealers face unique risks due to test driving, vehicle repairs, loaning of vehicles to customers, and the presence of toxic and flammable chemicals. In this document, you’ll see an overview of these auto dealer industry risks and more — helping you identify potential blind spots in your risk management and insurance programs.
Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. In this coverage insight, you’ll find real world examples of business interruption insurance in action.
The IRS recently released an information letter describing circumstances that would allow an employer to recover contributions mistakenly made to its employee’s HSAs. This is helpful guidance for employers that administer HSA contributions. Employers that recover mistaken HSA contributions should maintain documentation showing that a mistake occurred.
Lacking or incomplete information in patient referrals can result in missed or delayed diagnosis, patient injuries, and subsequent malpractice claims. Learn how to avoid such exposures in this risk insight article.
Owning and operating a retail store can be a fulfilling experience. Years of hard work, risk-taking, and financial investments have allowed you to turn your dreams of opening a store of your own into a reality. However, many business owners don’t realize how many exposures they must address to keep their business operating smoothly. This document provides an overview of retail industry risks — helping you to identify potential blind spots in your risk management and insurance programs.
Owning and operating a hotel can be a rewarding endeavor. However, hotel operators have to manage numerous exposures related to lodging, and many offer amenities — including pools, exercise facilities, bars, and restaurants — that can dramatically increase the number of insurable risks. This document provides an overview of these hotel risks and more, helping you identify potential blind spots in your risk management and insurance programs.
Economic slumps may force many employers to layoff workers to save costs. Along with this attempt to save money comes the inherent risk of being sued by a terminated worker. In this risk insight, view some measures you can take as an employer to protect your organization against potential lawsuits brought on by terminated employees.
On January 23rd, 2019, the Occupational Safety and Health Administration (OSHA) published a final rule that increases the maximum penalties for violations of workplace health and safety requirements. This documents provides and overview of changes.
According to the latest OSHA data, 4,674 private industry workers were killed on the job in 2017, and more than 20 percent of those workers were in construction. The leading causes for private sector worker fatalities in construction were know as the fatal four.
What happens when one of your suppliers or customers experiences an interruption that derails your operations? Just one brief business interruption can be incredibly costly for an organization, often leading to serious damage to your reputation or long-term closures. This is where contingent business interruption (CBI) insurance comes in.
This article is part of OSHA’s Safe + Sound Week from August 12-18, 2019. This nationwide event held each August that recognizes the successes of workplace safety and health programs and offers information and ideas on how to keep America's workers safe.
According to the Centers for Disease Control and Prevention, there are around 330 heat-related deaths each year. Watch this video to learn some tips to help you stay cool and safe while you work outdoors.
After a fire, burglary, or other event in which you lost possessions from your home, it may be difficult to remember the details of the belongings which were inside. Having a current inventory of your possessions, including make and model numbers may help you with any potential insurance claims. In this video, you’ll see some steps you can use to help build your own home inventory checklist.