What is a Construction Defect & What Insurance Do You Need? Construction defects are common, just like the insurance claims that accompany them. These defects arise from faulty work, damaged materials, and even common mistakes. As a result, anybody in construction needs to understand what a construction defect is, how it happens, and how to Read The Full Article →
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 to Read The Full Article →
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 the Read The Full Article →
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, you Read The Full Article →
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 organization Read The Full Article →
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 in Read The Full Article →
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 to Read The Full Article →
Why Subcontractor Default Insurance Is an Alternative to Bonding Construction is risky when working with many third-party contractors. So, what happens if a subcontractor does not finish a job? Are you left to do the work? Who pays for unfinished work or the cost of hiring a new subcontractor? To remain safe, general contractors or Read The Full Article →
Optical Character Recognition Explained in Less than 600 Words Is your risk management process slow due to keying in data? Do you need a way to edit a printed contract without wasting hours? If so, you need the digital solution of optical character recognition (OCR). Avoid spending hours typing documents from the beginning and risking Read The Full Article →
What Employers Should Know About Wage & Hour Claims Employers carry a lot of different risks. This risk means that there is always the chance of an insurance claim arising. Year after year, the most expensive type of claim employers face is for wage and hours disputes from employees. According to the U.S. Department of Read The Full Article →
