As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder’s risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant Specialty, told Insurance…
One of the keys to running a successful business is having in place a robust risk management system to ensure your company can guard against a growing number of threats that can derail operations or cause significant losses. While each…
When running your construction operation, one of the biggest challenges is preventing subcontractors’ and suppliers’ safety practices from interfering with your own safety program. While you may consider a number of factors when vetting a new subcontractor or vendor, one…
With sexual harassment and other bullying behaviors receiving more attention, and with lawsuits increasing, employers have been busy updating or creating anti-harassment policies and training their employees. Besides the fallout from having sexual harassment occur in your workplace, employers may…
Although technology is often billed as a productivity enhancer, allowing us to do more with less, it can be a major disruptor of productivity, as well. Behaviors of co-workers, meetings, and other factors are also creating obstacles to maximizing performance.…
Business e-mail compromise (BEC) scams have emerged as the most prevalent cyber attack facing businesses today, as reported by cyber-security firm Arctic Wolf. Nearly 75% of businesses have encountered these scams, and 29% have suffered successful attacks. These scams involve…
In times of crisis, the preparedness of your firm can determine its fate. Whether facing a global pandemic, natural disaster, or unexpected event like the loss of an owner, having a robust crisis management plan is essential. Here’s how you…
Essential for Business Growth: The Significance of Yearly Insurance Reviews A common oversight as businesses expand is the neglect to update insurance coverage to align with increasing assets and potential liabilities. Relying on outdated insurance can leave you underinsured as…
Starting in 2024, a recent California law, SB 700, will prohibit employers from asking job applicants about their past marijuana usage. The objective of this legislation is to prevent discrimination by doing away with pre-employment marijuana screenings. Additionally, the law…
A recent report spotlights a concerning issue within the small business landscape – despite their growth and achievements, a significant majority of them are inadequately insured. The report, released by Hiscox, a specialized insurance company, unveils that 75% of small…