What is a Construction Defect & What Insurance Do You Need? Construction defects are not uncommon, and neither are the insurance claims that accompany them. These defects arise from faulty work, damaged materials, and even common mistakes. Anybody in construction or risk management for construction companies needs to understand what a construction defect is, howRead more

Why Scenario Planning Matters in Risk Management Risk Management is all about predicting future risk events and ensuring there is protection in place for those risks. To be successful at Risk Management, organizations need to have a way to foresee and plan for these events. This is where Scenario Planning comes into play. According toRead more

Insurance Nerd Day: Fun Facts about the Industry Insurance Nerd Day is a special holiday that celebrates the Insurance Industry every July 18th. The goal of this day is to raise awareness about the importance of insurance in our daily lives. To break the “boring” stigma associated with the Insurance Industry, we are joining theRead more

Why Property Managers need to use Additional Insured Policies Many Property Managers look over the importance of Additional Insured Endorsements when, in fact, they bring many benefits. As a property manager, you can save thousands of dollars in insurance costs by requesting to be an additional insured. To benefit from an additional insured endorsement, youRead more

Why Compliance Tracking in Manufacturing Matters Insurance Compliance tracking for manufacturers is no easy task and simple mistakes can cost thousands of dollars in damages. Manufacturers need to get compliance tracking right because of the many possibilities there are for accidents that can become detrimental to the supply chain. The company RiskAlternatives, is an organizationRead more

Half-year reset for Health Insurance Deductibles If you recently signed up for a new health insurance policy, you might have some questions about your deductible since the year is halfway over. What is your current payment like for health insurance? Do you have to pay the full deductible? Should your deductible be prorated to halfRead more

Understanding the 7 Most Common Risks in the Energy Sector The Energy Sector spans from coal mines and oil rigs to power plants and wind farms making it one of the most global industries in the world. This sector is characterized by its changing regulations, technology, and solutions to change. These conditions make staying inRead more

What type of Insurance does a Retail Business need? The retail industry specializes in keeping up with changing times, whether that means shifting from mass-produced to more local goods or switching from a brick-and-mortar model to an e-commerce one. One reason the retail industry can make these changes flawlessly is because of its eagerness toRead more

Why Subcontractor Default Insurance is an Alternative to Bonding Construction is risky when working with numerous third-party contractors to get a job done. What happens if a subcontractor defaults and does not finish a job? Are you left to do the work on your own? Who pays for unfinished work or the cost of hiringRead more

Optical Character Recognition Explained in Less than 600 Words If keying in data is slowing down your Risk Management processes or you want to edit a printed contract without wasting hours of your time, you need a more practical digital solution. Avoid spending hours typing documents from the beginning and having the risk of contentRead more