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The Benefits of Telematics for Company Vehicles
When I’m completing a risk management review for one of our commercial partners, the most common area of losses we discuss are fleet claims. Whether your company has one vehicle or 100, having drivers out on the roadway poses a…
Read MoreCondominium Association Risk Management Suggestions
While much of risk management for condominium associations boils down to common sense – ensure exterior surfaces and vegetation are well-maintained, utilize guidelines pertaining to the usage of grills or fire pits, and utilize procedures to ensure association funds aren’t…
Read MoreThe Benefits of Your Loss Control Consultant
Loss Control for insurance is defined as risk management procedures designed to reduce the chances of claims against insurance policies. It mainly involves recognizing potential risks within the workplace and is attended to by voluntary or required actions a policyholder…
Read MoreShould I Clear the Snow from my Sidewalk?
Winter is here and so is the age-old question: should I clear the snow from my sidewalk? To be completely honest, I had to do a little research on this, as I have been told “yes” as many times as…
Read MorePreventing a Potential Coverage Gap When Relying on Another Entity
The role of a risk manager within an organization has certainly changed over the years, taking on additional responsibilities as exposures continue to change. At its core, sound risk management consists of identifying the risk, analyzing and evaluating it, appropriately…
Read MoreCorporate Governance: Keeping Our Corporations on the Right Path
In recent years, we have seen many scandals at a number of corporations involving issues such as bribery, personal misconduct, and several glaringly egregious business practices.[i] The result of these scandals has led to reduced corporate profits as well as…
Read MoreEnterprise Risk Management: An Alternative Approach to Managing Risk
One of the core concepts of insurance is risk management. The Institutes define risk management as “the process of making and implementing decisions that will minimize the adverse effects of accidental losses on an organization.”[i] Insurance professionals regularly use risk…
Read MoreGet the Dish on Restaurant Food Safety
When customers enter a restaurant or food establishment, they expect an attentive wait staff, friendly service, tasty food, enjoyable atmosphere and, most importantly, a clean environment. The health inspector has a major influence on your business’s good standing, but in…
Read MoreA Look Inside: A Career in Loss Control
Growing up, my experience with the insurance industry was limited to my small town’s local agency. Unlike physicians, lawyers, accountants, and teachers where the public has a general knowledge base about the duties and responsibilities, insurance remained a mystery. Even…
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