Risk Management Monitor

DECEMBER 3, 2021

An increasingly key theme year over year, resilience is at the root of the latest Excellence in Risk Management India report from Marsh and RIMS—and the RIMS Risk Forum India 2021 virtual event , where the report was officially released today. They have crisis management plans in place, but they also dig deeper, look farther ahead.

Risk 45

Risk Building Business Interruption Cyber 45

Triple-I: Business Insurance

APRIL 24, 2023

In a recent interview with Triple-I CEO Sean Kevelighan, Harger discussed the importance of preparing for and preventing damage from this risk, which is second only to flooding when it comes to costly weather events. When installed properly, lightning protection systems are scientifically proven to mitigate the risks of a lightning strike.”

Risk 52

Risk Business Interruption Damage Protection 52

Protect Commercial Insurance

MAY 24, 2024

As a business owner, it’s crucial to protect your business from potential risks and liabilities. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Paragon Independent Insurance Agencies

MAY 27, 2024

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Protect Commercial Insurance

NOVEMBER 15, 2024

Designed to protect your business from unforeseen risks, commercial insurance can offer the peace of mind you need to focus on what truly matters—growing your business and serving your clients. It stands as a vital component in an organisation’s risk management arsenal during both stable and unstable times.

Commercial Insurance 52

Commercial Insurance Commercial Protection Business Interruption 52

Risk Management Monitor

JUNE 13, 2023

Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE As the hurricane season gets underway, the following tips can help businesses update and strengthen natural disaster recovery plans: Review your business interruption insurance. Update your current disaster recovery plan.

Business Interruption 40

Business Interruption Claim Risk Insurance Policy 40

Protect Commercial Insurance

MAY 30, 2024

Welcome to our comprehensive guide on essential business insurance. As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability. Additionally, consider the specific risks your business may face based on its location and industry.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

ProWriters

OCTOBER 2, 2024

Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging. Ransomware Cyber Attack Showing Personal Files Encrypted Screen Every organization has unique risks and exposures, and there is no single solution for Cyber Insurance. Any business connected to a digital network risks costly cyber attacks.

Insurance Broker 93

Insurance Broker Cyber Broker Protection 93

Jackson & Jackson

APRIL 26, 2024

Investing in commercial property in California can be a lucrative venture, but it also comes with its unique set of risks and responsibilities. It provides coverage for physical damage to your property and any loss of income due to business interruption.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Risk Management Monitor

OCTOBER 25, 2022

According to Beazley’s recent Risk & Resilience Geopolitical Report , inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Risk 40

Risk Business Interruption Insurer Insured 40

Triple-I: Business Insurance

OCTOBER 1, 2024

Another way the insurance industry would be affected is from losses from coverage protecting against adverse business costs of events, such as strikes. These coverages include, but are not limited to, business interruption, political risk, credit, supply-chain insurance, and some marine and cargo.

Insurance Industry 52

Insurance Industry Business Interruption Commercial Property Commercial 52

Risk Management Monitor

AUGUST 30, 2021

Ida has now weakened to a tropical storm and will continue to cut through the south before making its way across much of the East Coast, bringing significant risks of wind, rain and inland flooding throughout this week. Be sure to assess your risk and execute the appropriate steps to protect your business, property and employees.

Risk 74

Risk Damage Business Interruption Building 74

Jackson & Jackson

APRIL 28, 2024

Specialized risks, such as floods, earthquakes, and business interruptions, require additional coverage, which many investors should pay more attention to. How to Avoid It: Evaluate the risks associated with your property’s location and type. In California, consider adding earthquake and flood insurance.

Business Interruption 52

Business Interruption Out-Of-Pocket Expense Out-Of-Pocket Broker-Agent 52

LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Cybersecurity Insurance Analyze types of risk to an enterprise that may be covered by cybersecurity insurance.

Cyber 40

Cyber Business Interruption Insurance Carrier Insurance Policy 40

Protect Commercial Insurance

JUNE 27, 2024

Every business, no matter its size or industry, faces unique risks that require specific coverage solutions. Unfortunately, the abundance of myths surrounding commercial insurance may lead many business owners to make decisions that are not in their best interest. This is far from the truth.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Business Interruption 52

ProWriters

MAY 28, 2024

Read on for information you can use about cyber risks contractors face—as well as how a strong Cyber Insurance policy can help protect them. Why Contractors Face Major Risks From Cyber Attacks A construction firm or other contractor may not handle as much sensitive information as, say, healthcare providers or financial institutions do.

Cyber 52

Cyber Business Interruption Insured Insurer 52

Jackson & Jackson

APRIL 10, 2024

Business Interruption Insurance Unexpected events can disrupt your operations, leading to significant financial loss. Business interruption insurance compensates for lost income during these periods, helping you keep your business afloat until you can resume normal operations.

Commercial Property 52

Commercial Property Commercial Business Interruption Out-Of-Pocket Expense 52

InsuredMine

OCTOBER 25, 2024

The global protection gap—a measure of uninsured risk—looms large, projected to reach $1.86 This figure is more than just a number; it represents real people and businesses at risk of financial ruin. trillion by 2025. Traditional insurance models are struggling to keep pace with a rapidly evolving world.

Risk 52

Risk Insurance Industry Business Interruption Claim 52

Risk Management Monitor

JUNE 30, 2022

The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. Suppliers are a source of growth, innovation and efficiency, but if they are not managed holistically, they can be a source of risk, poor performance and noncompliance.

Risk 45

Risk Theft Business Interruption Policy 45

Risk Management Monitor

JUNE 9, 2023

How do we manage the risk? For businesses, take this as a reminder to examine how your organization will handle fallout from wildfires, for example, reviewing your property insurance, business interruption coverage, disaster recovery plans or emergency communications procedures.

Business Interruption 40

Business Interruption Risk Claim Property Insurance 40

Protect Commercial Insurance

JULY 26, 2024

Welcome to our blog post on how to maximise your business growth by securing the right commercial tailors insurance. As a tailor, it is crucial to protect your business from potential risks and liabilities. As a tailor, you face unique risks that require specific coverage. It covers legal fees, settlements, and judgments.

Commercial 52

Commercial Insurance Broker General Liability Business Interruption 52

Cowbell

SEPTEMBER 23, 2024

The goal is to raise awareness of the risks posed by ‘insiders,’ and provide strategies, tools, and resources to identify and mitigate these threats. At Cowbell, we work with our agency partners and brokers to help educate our clients on emerging and evolving cyber risks and the enemy within can present a very real threat.

Cyber 104

Cyber Business Interruption Risk Protection 104

Mark Jackson Insurance Agency

MAY 21, 2024

While operating a business from home offers convenience and flexibility, it also necessitates careful consideration of insurance needs. Traditional home insurance policies often fall short of covering the unique risks associated with running a business from home.

Liability 52

Liability Business Interruption Professional Liability Insurance Home Insurance 52

Risk Management Monitor

MARCH 4, 2022

A wide range of risks are trickling down from Russia’s assault on Ukraine , from sanctions compliance to supply chain disruption to business interruption. That is not to say that there is necessarily cause for panic, simply that the effects of cyber conflict can be unexpected, widespread and potentially severe.

Cyber 56

Cyber Business Interruption Risk Policy 56

Protect Commercial Insurance

NOVEMBER 8, 2024

Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

Commercial Insurance 52

Commercial Insurance Commercial Premium Deductible 52

Protect Commercial Insurance

OCTOBER 25, 2024

This approach ensures that you choose a policy that doesn’t just tick boxes but genuinely covers your specific risks and requirements. What are the specific risks associated with your industry? Every industry comes with its own set of risks. Once you’ve outlined the risks, the next step is determining how much coverage you need.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Cowbell

OCTOBER 11, 2024

Cybercriminals will often target small businesses that may be scrambling to resume operations and are less likely to be vigilant about cybersecurity in the wake of a disaster. This can add another layer of complexity while trying to limit business interruption.

Cyber 52

Cyber Business Interruption Policyholder Claim 52

Prof. Allan Manning

FEBRUARY 28, 2024

A good way to determine a realistic Indmenity Period is to run through a risk analysis as part of a business continuity mangement plan. That is why we developed LMI ContinuityCoach. If you would like to learn more about this service, please email Michael@lmigroup.com

Claim 130

Claim Building Risk Policy 130

ProWriters

NOVEMBER 17, 2024

Policies can help cover the costs of ransom payments, data recovery, business interruptions, and more. You’ll also have access to our team of experts who can answer your questions, help you place complex risks, and give you resources and information to help you build a bigger book of Cyber business.

Cyber 52

Cyber Insurer Insured Insurance 52

ProWriters

FEBRUARY 19, 2024

As our shops go virtual, so do the risks. This insurance is not just a cost of doing business in the digital age; it’s a vital component of a comprehensive risk management strategy , ensuring that retailers can recover and thrive after a cyber attack. Customers from anywhere can access products with the click of a button.

Cyber 52

Cyber Insurer Insured Insurance 52

Jackson & Jackson

MAY 23, 2024

Small business insurance covers property damage, liability claims, and employee-related risks. It acts as a safety net, protecting your business from unexpected events that can cause financial hardship. When selecting insurance coverage, assessing your business’s specific needs is essential.

Small Business Insurance 52

Small Business Insurance Business Insurance Insured Insurer 52

Jackson & Jackson

MAY 22, 2024

However, with great opportunities come great risks. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It protects against perils like fire, explosions, storms, and other risks outlined in the policy.

Property Insurance 52

Property Insurance Commercial Property Commercial Broker-Agent 52

Insurance Journal

OCTOBER 10, 2024

The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains, according to a report published by Lloyd’s, …

Business Interruption 276

Business Interruption Risk Insurer Insurance 276

Risk Management Monitor

AUGUST 4, 2022

Extraordinary congestion at critical global ports, decreased availability of key raw materials and component parts, rising freight bills and an increasingly tight job market have all contributed to the need for companies to create an effective logistics risk management program. It’s Not Over Yet.

Risk 45

Risk Business Interruption 45

Hunton Andrews Kurth

MARCH 11, 2021

Given the heightened risk to its business posed by a disruption stemming from food contamination, Nashville Underground purchased a special coverage for business interruption due to “Food Contamination.” food-related illness of one or more persons arising out of . . .

Business Interruption 52

Business Interruption Injury Policy Policyholder 52

Risk Management Monitor

NOVEMBER 9, 2022

The aftermath of a hurricane presents many risks—while the storm may be over, the danger is not. Any storm that damages power lines, gas lines or electrical systems, puts you and your business at risk due to fire, electrocution or explosion. With Tropical Storm Nicole approaching landfall and expected to reach the U.S.

Damage 40

Damage Building Protection Risk 40

Prof. Allan Manning

FEBRUARY 29, 2024

One of the ever increasing costs of being a landlord, particularly in Victoria is land tax and property rates. The values of properties are being reviewed by state governements and/or local councils and it is going up year on year.

Commercial 130

Commercial Broker Protection Business Interruption 130