Search results for: “Business Continuity”

  • Sustainable Business: Business Interruption Insurance and Continuity

    Is your business in it for the long haul? With the rising threat of business interruption, continuity planning is vital for countering the effects of crises events. In this webinar we will explore business continuity plans and business interruption insurance alongside actual claim and disaster events. We will review critical steps to implement a business…

  • Business Income Insurance: Lessons from Recent Disasters

    When a disaster strikes, physical damage is just the beginning. For many businesses, the bigger challenge is the disruption to operations, revenue, and customer trust. Business Income (BI) coverage—often misunderstood or overlooked—has emerged as a critical tool for ensuring resilience. From hurricanes and wildfires to supply chain breakdowns, real-world events have proven that companies with…

  • How to Minimize Business Interruption During Hurricane Season

    As hurricane season nears, it’s important for business owners, operators, and managers to ensure they have a Business Interruption (BI) policy in place, which guarantees the business is protected from any losses caused by a storm or other natural disaster. This could include lost revenue, damaged facilities, and the cost of restoring lost or damaged…

  • De-Escalation in Hospitality: Enhancing Safety, Respect, and Risk Management

    The Critical Role of De-Escalation in Hospitality In the dynamic and often high-pressure environment of hospitality, managing conflict effectively is not just a matter of good customer service, it is a vital component of safety, risk management, and business continuity. Whether in hotels, restaurants, bars, or event venues, employees frequently encounter situations involving upset guests,…

  • Protecting Your Commercial Kitchen from Fires: A Critical Risk Management Issue

    In the dynamic environment of commercial kitchens, safety is paramount, not only for protecting personnel and property but also for ensuring operational continuity. Among several potential hazards, kitchen fires pose a significant risk, often resulting in devastating consequences if not properly managed. As risk managers and industry leaders, understanding the nuances of fire prevention and…

  • Client Advisory: A Tale of Two Cyberattacks: MGM and Caesars

    The Importance of a Business Impact Analysis as Part of Your Incident Response and Business Continuity Plans Cyberattacks continue to dominate headlines. The recent ransomware attacks at MGM Resorts International and Caesars Entertainment, Inc. are just two recent examples of the ongoing challenges businesses face in defending against motivated and resourceful threat actors. Both companies…

  • Responding to a Property Loss

    Significant property losses present business continuity challenges for many organizations. Following are some strategies which may minimize further damage and help to expedite the claims process. Respond to the Loss Prevent Harm to Associates If appropriate, call 911 – Report the incident to authorities and follow instruction. Evacuate personnel to the designated assembly area or…

  • Transportation

    Transportation Protecting Your Fleet Exposures to Keep Your Business Moving In the transportation business, your journey involves challenges like worker retention, shifting fuel costs, and complex regulations. As one of the nation’s largest transportation insurance brokers, we know these challenges well. Our Transportation Practice places over $1 billion in premium, serving transportation companies from one…

  • Asbestos Litigation and the Importance of Maintaining Policy Records

    Asbestos litigation affects many employers each year and can cost a company thousands of dollars in legal fees. When asbestos claims, complaints, and suits are filed, it is common for the alleged exposure period to date back many years or decades and name multiple employers. Even when a company has never worked with or used…

  • Client Advisory: How the CrowdStrike Outage Illustrates the Value of Cyber Insurance

    In July, 2024, a widespread tech outage affected businesses and organizations across the globe. The tech outage serves as a reminder to all organizations, no matter their security software, to maintain strong business continuity plans, and cyber insurance, to ensure resilience against system failures. What happened? An issue with CrowdStrike cybersecurity software caused an online…