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risk management

What does a company really need to protect its reputation online

Experts agree that the most effective protection for a reputation is to consistently follow best practices in conducting business so that negative incidents are avoided. However, bad things can happen to good companies – especially when it comes to data integrity in an era of pervasive hacking, viruses, spyware and malware. Therefore, it is important to be prepared to defend your company’s image. The following five steps proposed by Travelers Insurance Company address both proactive and reactive measures for maintaining your reputation. 1. Assessment. Understand the risks to reputation that your company faces, whether it is from data breaches, product… Read More »What does a company really need to protect its reputation online

What insurance do dental labs really need?

What insurance do labs really need? In this short article we provide answers to some of the most common insurance related questions. Today dental lab owners and lab technicians can be sued. But it is never late to give your business insurance a check-up and determine the type of liability insurance you need to have and then to make sure you have it. The good place to begin with is to check the NADL (National Association of Dental Laboratories) or your state dental laboratory association. If you are a member of NADL than you can talk to their membership service… Read More »What insurance do dental labs really need?

Loss Control: Electrical Power Strips

The problem: With today’s heavy use of electrical devices, it is quite common to run short of electrical outlets in the office, home or workshop. Add a power strip to help alleviate the problem, but often people will add a second or even a third strip by plugging it into the original power strip, a practice known as daisy chaining. Unfortunately, daisy chaining can create a potentially serious fire loss due to overloaded electrical circuits. Every year thousands of fires result from the misuse and overloading of power cords, power strips and surge protectors. The NFPA – National Fire Protection… Read More »Loss Control: Electrical Power Strips

Traveling Tips for the Holiday Season

The holiday season is probably one of the busiest for the majority of us, for many reasons. Add any holiday travel plans into the mix and stress levels can begin to rise. With stricter security guidelines and long lines, it’s easy to focus merely on making it to your destination. However, this time of year is also busy for thieves who will often seize opportunities when the unsuspecting victim is distracted or otherwise unaware of his or her surroundings. Stay vigilant this year when traveling for the holidays by using the tips below, and ensure your holidays stay as they… Read More »Traveling Tips for the Holiday Season

The Growing Problem of Medical Identity Theft

The growing problem of medical identity theft and the havoc it wreaks with its victims is highlighted in a recent Bloomberg article. Medical identity theft victims are usually reticent to share the details of the crime since the theft is felt as such a personal violation. Details of the theft are shared here, as well as ID Experts’ investigative and restoration efforts on the victim’s behalf, including the challenges to unraveling the tangled web of medical identity theft. “Arnold Salinas knows a lot about the person who stole his identity. He’s 5-foot-9, 190 pounds. He pays for pizzas with forged… Read More »The Growing Problem of Medical Identity Theft

Ensure Your Inventory is On Time

1. Perfect your plan Every savvy shopper has a plan for buying the perfect gifts. Do you have a plan for making sure those must-have gifts are available on your shelves throughout the shopping season? Now is the time to know which products will be in big demand and plan your holiday sales strategy so those key items are available. Your plan should include: Identifying which products make up the largest portion of your sales Making arrangements with suppliers to have those products available before and during the start of the holiday shopping season Knowing your options or limitations for… Read More »Ensure Your Inventory is On Time

Smart Hiring Practices

In preparation for the holiday shopping season, you may find yourself in need of hiring additional staff.  A poor hiring decision can create financial and operational problems as well as expose a business to a variety of risks.  The estimated cost of a poor hiring decision varies, but research indicates on average, an organization is likely to lose 2 1/2 times the amount of the person’s annual salary. With this in mind, it is apparent why proper screening and selection procedures are important to avoid financial and operational problems down the road. Selecting skilled, dependable employees is the starting point for an effective risk… Read More »Smart Hiring Practices

Identity Theft Risks After an Auto Accident

Each year, millions of Americans become victims of a car crash that causes mess on their day (and often their body and vehicle.) Auto accidents are stressful situations that can lead us to reveal more of our personal information to strangers than necessary. Even small fender benders can cause long-term pain if a friendly exchange of info leads to a compromise of one’s most sensitive personally-identifying data. A recent survey taken by the National Association of Insurance Commissioners (NAIC) revealed that many of us don’t know the proper steps to take after an accident, and most of us share too… Read More »Identity Theft Risks After an Auto Accident

Booster Seats Safety Improved in 2012

Fifteen of 17 booster seats introduced in 2012 earn the top rating of BEST BET from the Insurance Institute for Highway Safety, evidence that more than ever, manufacturers are designing seats to provide good safety belt fit for booster-age children.

The improvements mean that BEST BET boosters now outnumber seats in any of the three other categories for the first time since the Institute released its inaugural booster ratings in 2008. Boosters are supposed to improve how adult lap and shoulder belts fit children so the belts can properly restrain them in crashes. BEST BET boosters correctly position belts on a typical 4-to-8-year-old child in almost any car, minivan or SUV.

“Booster manufacturers have risen to the Institute’s challenge to improve seat design, giving parents more choices than ever when shopping for a booster that will provide a good, safe fit for their children,” says Anne McCartt, Institute senior vice president for research.Read More »Booster Seats Safety Improved in 2012

How to Protect Against Identity Theft in College

By Menachem Wecker In interviews ahead of National Cyber Security Awareness Month, which runs through the end of October, cyber security experts—both here and abroad—said identity theft is a serious problem, which may require extra vigilance on college campuses. Identity theft can mean anything from users’ online bank accounts being compromised to their E-mail accounts being hacked and used to mass-distribute spam. “Universities are, by their nature, open, trusting environments. Nobody thinks that they will be subject to an attack, and that isn’t just isolated to students,” says Alan Woodward, a cyber security specialist and visiting professor at the University… Read More »How to Protect Against Identity Theft in College