Management Liability is a risk that all companies have an exposure to. Today’s economy has a significant impact on this risk. Simply put, our society has morphed into a very litigious one. Directors & Officer’s are most at risk due to their position within the company. In fact, there could very well be a claim…
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How tired are your drivers?
When identifying risks within an organization our process to do so uncovers both insurance related and non-insurance related risks. At times that line can blur. As a society we have seen unfortunate cases where alleged tiredness of employees caused significant injury to one or multiple people. The National Transportation Safety Board investigators recently announced (8/13/15)…
Cyber Liability (info chart)
Feds fine Social Service Non-Profit $7,000
Gone are the days of OSHA cracking down on just trade contractors.With the Occupational Safety and Health Administration (OSHA) hiring at a record amount the exposure or RISK to every organization has increased dramatically. OSHA ensures the safe and healthful working conditions for working men and women by setting and enforcing standards and by providing…
1099 vs. W-2
Let’s face it. In today’s world many people would rather be an Independent Contractor (1099) rather than an Employee (W-2) of a company especially in the trade services. As an example, I have a client in the janitorial/mold remediation industry. Two years prior he began the process of attempting to convert his 1099 workers to…
States Aggressively Amend Data Breach Notification Obligations
As this current risk continues to evolve we will see the US government be reactionary is putting through mandates and obligations which will ultimately be pushed down to every business owner in the country. The national breaches catch everyone’s attention (US government hack & Target) and the larger they get the more aggressive the State…
The True Costs of a Product Recall
A product recall can happen at any time when you manufacturer and/or provide a product to consumers. The risk of a product recall goes well beyond the bounds of visible hard dollar costs. Have you experienced a product recall before? What do you think some of the hidden risks would be? To help here are…
The IMF’s 2015 Announcement
The IMF (International Money Fund) will be making an announcement in the Fall of this year pertaining to what many predict is adding China’s yuan into the global currency reserve club. This is a RISK to all American’s as the US dollar is the global leader in currency. If IMF includes the yuan billions of…
Why an organization needs Directors & Officer’s Liability coverage
Are you an: Owner. CFO. Treasurer. Board Member. Those are examples of positions within organizations that typically make decisions on behalf of such organization. You would be astonished at how many organizations do not carry Directors & Officer’s Liability coverage. Many believe their exposure is either minimal or does not exist. As an Advisor I…
The Advisor 