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Enterprise 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…
Read MoreDisaster Recovery Plan
Natural disasters can come in many forms, with the most common being related to windstorms, fire, and flooding. More tornados occur in the United States then in any other part of the world. While large scale disasters capture media attention,…
Read MoreDoes Your Cyber Insurance Have the Right Coverages?
Amanda, only four months on the job as the new risk manager of a large manufacturing company, was walking into a crisis management meeting with the company’s senior leadership. The issue was serious: the company had suffered a data breach.
Read MoreResolve to Review Your Insurance Each New Year!
As a small business owner, an annual review of your insurance exposures with your agent is critical. Exposures can change quickly in your business and it’s easy to forget that your insurance needs to adapt to these changes. Let’s look at…
Read MoreManaging Your Product Liability Exposure
If you are a manufacturer, retailer, or wholesaler, managing your product liability exposure is a critical part of your overall risk management plan. Let’s take a look at some of the questions a liability underwriter will ask when deciding whether or not…
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