Learn How to Incorporate Digital Maturity into Your Risk Management Program Do you know what digital maturity is? If so, are you confident that your business is digitally mature? Whether you know your business’s digital maturity status or want to learn how to increase this for your business, we are here to help.   To understand digital maturity, let Read The Full Article →

Learn the Difference Between Regulatory & Corporate Compliance No matter the industry, your business operates in there are bound to be rules and regulations set forth by the government that you have to follow. For example, if you run a rental car company, the Environmental Protection Agency (EPA) may require you to only rent out cars that meet Read The Full Article →

How Explainable AI Could Transform the Insurance Industry Artificial intelligence (AI) is growing and taking over more aspects of business. Many people are unsure of AI because of its lack of explanation when coming to a conclusion.  Explainable AI (XAI) is bridging the gap between those who already trust AI and those who want more explanation when it comes to receiving Read The Full Article →

5 Tips for Risk Managers to Win More Clients It can be hard for risk managers to find new clients who believe in the value of their service. Many companies do not think risk management is worth it because of the “that won’t happen here” mentality, but this could not be further from the truth.  In this article, we are Read The Full Article →

Common Construction Site Hazards & How You Can Protect Against Them According to OSHA, “nearly 6.5 million people work at approximately 252,000 construction sites across the nation on any given day.” As a result, you need to know how to protect them from hazards and what to do if an accident occurs. Here are some Read The Full Article →

5 Reasons to Prioritize Your Certificate of Insurance Management Prioritizing your certificate of insurance (COI) management is an important process that your business cannot afford to set aside.  According to research reports conducted by Insureon, “75% of U.S. businesses are underinsured, and 40% of small business owners have no insurance at all,” so the chances of you working with Read The Full Article →

Defining Parametric Insurance and 4 Tips on How to Manage it Parametric insurance also referred to as “index-based insurance” is a type of coverage that pays out a predetermined amount when specific parameters are met.   The parameters in a parametric policy should be an established metric or index that can be used to measure the event.  This seems straightforward but let us go over Read The Full Article →

Learn the Difference Between Safety & Risk Management in Five Minutes or Less Understanding the difference between safety and risk management is imperative for your business’s success. To understand the difference between the two, it’s important to first understand the difference between a hazard and a risk.  The terms hazard and risk are sometimes used in place of one another; however, they do not have the same meaning and pertain to different job functions Read The Full Article →

Claims-Made vs Occurrence Policies: Why the Difference Matters Do you know the difference of claims-made vs occurrence insurance? If not, keep reading because the difference can determine whether you receive payment for a claim.  If you already have a general understanding of occurrence or claims-made insurance, keep reading for a quick refresher on the topic and Read The Full Article →

What is a Loss Payee & What do You Need to Know? Understanding the term loss payee is important for your business when it comes to having the right insurance policies in place. This holds for businesses running at high risk with multiple insurance policies and lots of people relying on these policies.   In this post, we will explain what a loss payee is and Read The Full Article →