Skip to content

risk management

Insuring Cloud Computing

While cloud computing may seem vague and confusing, the National Institute of Standards and Technologies recently completed a working definition for the term after years of work and 15 drafts. So what is Cloud Computing? According to the official NIST definition, “cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction”, with the following 5 characteristics: • On-demand self-service • Broad network access • Resource pooling • Rapid… Read More »Insuring Cloud Computing

Public Servant Wins Compensation Over Work Trip Sex Injury

An Australian public worker has won the workers comp. claim hearing, for the injury she got having sex in a motel during the business trip, according to ABC News. Now the federal government should pay not only the money spent on her treatment, but also cover the legal costs. The woman, whose name was not released, sued her employer back in 2007,  for the denied workers compensation claim for the injury done by a glass light fixture that fell off the wall above a bed as she was having sex. In addition, as she said later, after the injury she… Read More »Public Servant Wins Compensation Over Work Trip Sex Injury

Accountants Professional Liability Insurance

Paperless Insurance provides comprehensive Accountants Professional Liability (APL) Just complete a short application online at  and receive a formal quote the same or next day. Minimum premium $300/yr. Insurance for small and midsize local and regional firms at competitive premiums and with “A+” rated carriers Standard Coverage: • Extended Reported Period (EPR) includes options for death, disability and/or retirement • Broad Innocent Insured provision • 50% deductible credit for use of mediation or nonbinding arbitration • 10% additional limit for claims expense (up to $100,000 maximum) • State licensing board proceeding expe coverage • Loss of earnings coverage • Subpoena… Read More »Accountants Professional Liability Insurance

Zurich Insurance launches apps for risk managers

Zurich Insurance Co. Ltd. has launched two apps for risk managers, the insurer announced Wednesday at Risk & Insurance Management Society Inc.’s Annual Conference and Exhibition in Philadelphia. The Zurich Risk Room app is a limited version of the larger risk modeling software Zurich offers clients. The app shows scenarios for natural catastrophe and disaster management, supply chain disruption, regulatory imbalances, social value of insurance and economic value of insurance. Each has 10 to 12 preselected risks offering a comparison of different countries’ stability as well as modeling the interconnection among risks. New risks and scenarios will be added as… Read More »Zurich Insurance launches apps for risk managers

Risk Transfer: Managing 3rd Party Relationships

Introduction: Case Scenarios – A painter’s scaffold collapses resulting in severe injury to the painter and a pedestrian. The painter had no insurance. The building owner is held liable for all losses. – A cabinet installer puts a long screw into a wall. It punctures a water pipe causing water damage. The installer’s insurance policy was not renewed. The homeowner’s insurance company sues and recovers the damages from the cabinet retailer who recommended the installer. – A small motor manufacturer, to get the business of a big new customer, agrees to sign a contract which the customer requires of all… Read More »Risk Transfer: Managing 3rd Party Relationships

Most Cargo Theft Risk Countries

Mexico, Brazil and South Africa are most at risk for cargo theft, FreightWatch International (USA) Inc. said Monday in a report. Total cargo thefts in Mexico increased 13% in 2011, with more than 10,000 hijackings occurring on roads and highways reaching an estimated value of losses of $9 billion, according to the Austin, Texas-based logistics security agency. 21% of all theft incidents targeted the food and drink industry. The overall average loss value per theft incident increased 23%, to $189,510 from $154,000, during the 2010-2011 reporting period. Paperless Advise: your ocean marine and inland marine cargo insurance policy will provide… Read More »Most Cargo Theft Risk Countries

Costly Lawsuits Fright Wealthy Americans

America’s wealthiest families increasingly worry that their wealth alone makes them a prime target for a high-stakes liability lawsuit in this uncertain time of high unemployment and tepid economic growth, according to a new report. But many wealthy families remain poorly prepared for such lawsuits in spite of their concern. They fail to appreciate the different aspects of their lifestyle that can lead to a lawsuit. They underestimate the cost of the potential damages, and they misunderstand the affordability of effective protection. As a result, wealthy families often lack the proper types and amounts of liability insurance. These are among… Read More »Costly Lawsuits Fright Wealthy Americans

Small Business Smartphone Use Policy

Employers who allow use of smartphones for business have approximately a 30% higher risk of being victims of identity theft and about 60% of smartphone users do not password protect their devices. It is vital that the sensitive data often stored on these tiny devices is protected: PASSWORD: The most important way to ensure that your mobile device is secure is to password protect it, and to keep track of where it is at all times. REMOTE LOCKING: Download features that provide remote locking of the device, and allow data to be erased from the hard drive. These services vary depending on… Read More »Small Business Smartphone Use Policy

How to Manage Work Related Stress

What Is Workplace Stress? People experience stress in many parts of their lives. Although stress is an essential element of many activities at work and at home, stress becomes harmful when it reaches an intensity that begins to impair daily activities. The focus of this brochure is harmful stress that arises from work situations, as opposed to stress that is generated by an employee’s personal life. Harmful workplace stress has been associated with: – Jobs that demand a lot from the employees while allowing them little control over how the job is performed, – Work environments that are unsafe and/or uncomfortable, and – Organizational practices that… Read More »How to Manage Work Related Stress

Ergonomics For Auto Repair Shop

We are happy to present our readers with simple ergonomics rules. Use our rules and WORK SMARTER, NOT JUST HARDER. 1. LIFT SMART Don’t lift heavy loads with your back.  Bend your knees, and get help. Get a dolly or a cart. Get a hoist. 2. MODIFY HEIGHT AND REACH Don’t overreach. Bring it lower and closer 3. USE THE RIGHT TOOL Don’t use the wrong tool.  Use a power tool or a tool that fits your hand.