Swiss Re has released a report – ”New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management expertise to observe and evaluate new and emerging risks.” Some of the other emerging risks examined in the SONAR report includes the following: Cloud …
In first part of this article series, we described claims scenarios that can result from your known and unknown environmental exposures. Because it’s often difficult to know when an environmental coverage is necessary, we’ve compiled a list of leading questions that will help you consider your environmental exposure. For Contracting, Consulting and Transportation Risks Do you ever have any …
Product Recall Insurance Explained Product Recall History and Overview The coverage has been around since the 80’s of XX’s Century. The first type of product recall insurance was called malicious product tampering, which only responded to malicious incidents. The limits were $3 million, with six-figure premiums. That’s the way it was for a couple of years. …
A meat tenderizer is used in nearly every grocery store, and when used properly, they are safe and reliable. But when a machine is in poor repair, or when the built-in safety devices are removed or circumvented, the result is all too often catastrophic. Over the years we have observed a number of situations where tenderizers …
Many small businesses and other organizations furnish company owned vehicles for transportation needs including trucks, vans, buses and automobiles. However, it is not uncommon for staff and volunteers to drive their own personal vehicles for business-related transportation. It is important to recognize that your business can be held liable for damages by allowing the use of …
Are you buying a fair amount of goods or services online and sometimes wish to leave a negative review? Do you always read the ToS fine print? Have you heard of a so called “disparagement clause”? If you own a business and are exposed to online reviews think twice before adding disparagement clause to your …
Operation of a commercial grade kitchen, many safety considerations should be addressed, including food safety, employee and volunteer safety, and fire safety. This blog post addresses the specific issues associated with providing adequate fire safety for your kitchen. Commercial cooking operations are defined as kitchens that have cooking equipment that produce grease and grease laden …
According to Underwriters Laboratories (UL): “Fire statistics show that one out of every three candle fires occurred when candles were left unattended or were inadequately controlled. One out of four fires occurred when a combustible material, such as curtains or a pillow, came too close to the candle.” As part of your organization’s risk management program, the …
Slips, trips and falls are a leading cause of injury for businesses and workplaces. Employees and other parties on your premises – visitors, customers, vendors, contractors and subcontractors – could be at risk for this type of accident or injury. It is a common misconception that slip and fall injuries “just happen” and that there is little …
Identity fraud does not always begin online. According to Travelers claim data, 44 percent of ID fraud cases happen when a person’s purse or wallet has been lost or stolen. Because thieves can use the information they find inside, here are some ways to help protect yourself and your identity. Watch your wallet and purse …