Staying Covered on The Water: The Importance of Boating Safety

Denise Gillin News, Personal Lines

By Tala Amalfard for AssuredPartners Friday, July 1st marks National Boating Day, just in time for the height of the summer season. There seems to be no better way to celebrate the kids being on summer break and the vibrant warmth than enjoying a day out on the water with friends and family. Whether it be a humble sailboat or grand yacht, boats of all kinds serve as a serene escape from the stressful realities of school and work. Anyone who embarks on their boating journey is looking for a vacation. While taking advantage of this relaxing luxury is encouraged, staying safe is key to making the most out of the boating experience. Click here to learn how>>>

Pandemic and Supply Chain Lessons Lead to Improved Food System Framework

Denise Gillin Agribusiness, News

By Gina Ekstam for AssuredPartners The pandemic and supply chain disruptions have revealed longstanding issues with getting food from farm to table. In an effort to strengthen the food system across the supply chain, the U.S. Department of Agriculture (USDA) recently announced details of its Food System Transformation Framework. More options, increased access, and improved markets are just some of the USDA’s goals for transforming our food system. The framework addresses the need for more capacity to gather, process, move, and store food. Increasing local/geographic capacity will help build resiliency in the face of market disruptions, provide more choices for producers to create value-added products and sell locally, and support new economic opportunities and job creation in rural communities. Click for …

What’s the Difference Between Construction Insurance and a Surety Bond?

Denise Gillin Bonds, Construction, Risk Management

By Sarah Licata for AssuredPartners Construction insurance and surety bonds both provide different types of protection on a construction project, but a common misconception is that a surety bond is another type of insurance. So, what is the difference between the two? What is Construction Insurance and How Does it Work? What is a Surety Bond and how Does it Work? Click to find out>>>

When Phishing Isn’t Phunny. 3 Critical Steps to Take

Denise Gillin Business Insurance, Insurance, Risk Management

By Courtney DuChene for Risk&Insurance.com When it comes to phishing and other business email compromise cyberattacks, the question is not if a company will be targeted; it’s when. Last year, the FBI’s Internet Crime Complaint Center received 19,954 complaints concerning business email compromise attacks, resulting in nearly $2.4 billion in losses. With phishing attacks becoming both common and costly, businesses may be wondering what they can do in the event an attack occurs to limit its scope. Click here to get three critical steps employers should take if they’re exposed to a business email compromise attack. 

OSHA’s National Emphasis Program on COVID-19

Denise Gillin News, Risk Management

By AP Senior Living National Emphasis Programs (NEPs) have been used relatively sparingly in recent years, the last being focused on limiting workers exposure to silica, approximately a year ago. These seemingly have been reserved for exposures typically found in heavy industrial or manufacturing type risks. The most recent NEP, titled “Coronavirus Disease 2019,” was implemented by Executive Order by President Biden, which became effective March 12, 2021, and is scheduled to run one year. This NEP, in contrast to others, will have far reaching implications to almost every industry in the country. OSHA is prioritizing industries who they perceive are most at risk. Not surprisingly, Residential Care Facilities are at the top of that list. This NEP is a combination of targeted inspections, outreach …

Top Five FAQs Regarding P&C Captives

Denise Gillin Alternative Risk, Captives, Risk Management

By Denise Gillin for AssuredPartners Why would an organization want to join a captive? That’s a great question, and the answer starts with understanding alternative risk management strategies outside those provided by traditional insurance programs. In simple terms, captives are member-owned insurance companies operating for the members’ benefit. For business owners who want greater control over their casualty insurance program, a captive can be a good option. It involves sharing risks with others, blending services and expenses through a custom-built program that is best for each member as well as the group. The top five frequently asked questions regarding captive membership are a good place to start exploring the possibilities of captive membership together. Tell me more>>>

Common Construction Risks and How to Manage Them

Denise Gillin Business Insurance, Construction, Risk Management

By Sarah Licata for AssuredPartners Managing projects in the construction industry means managing risk. Every step in a project from before it has even started until after it has been completed can leave you open to potential risks. These are a few of the most common construction risks: Safety Job Site Security Project Steps you can take to mitigate potential loss>>>

Incident Track & The Risk Management Center

Denise Gillin Business Insurance, Senior Living

By Tara Crisp for AssuredPartners One of an employer’s most tedious tasks is tracking incidents and compiling reports on those incidents.  What incidents are you trying to track? Where do you put them all? How do I know if I have a trend? Do I really have to sort through all of my incident reports or loss runs at the end of the year to generate my OSHA 300 logs? Utilizing AssuredPartners Incident Track within the Risk Management Center (RMC) may be your answer to these questions and more. Tell me more>>>

Construction Delays and Limiting Policy Language Impact Policyholders’ Recovery

Denise Gillin Construction, Risk Management

By Maureen Gallagher for AssuredPartners Many property policies contain contractual limitation provisions. These policy provisions are valid and enforceable in most states. The provision limiting the amount of time policyholders have to complete the work paid for by their insurance company to one year is particularly problematic. When policy provisions like this exist, if the repair or replacement has not been completed within the time frame, the carrier only pays actual cash value (ACV). This is a fairly common provision. It should be noted that Ordinance and Law Increased Cost of Construction provision also has a time limitation to repair or replace, or there is no coverage for the increased cost of construction. Standard ISO language is two years, and other …

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Nine Critical Commercial Property Risks to Watch

Denise Gillin Business Insurance, Risk Management

By R&I Editorial Team for Risk & Insurance From hurricane season to protests on the street, these are the major property risks of note for businesses of all sizes. Aging Infrastructure Extreme Weather Power Grid Failure Flooding Inflation Valuation Accuracy Protests and Civil Unrest Water Damage Supply Chain Disruption Click for details>>>