Search results for: “Risk”

  • Delegated Design in Construction: Professional Liability Risks for Contractors

    Project delivery methods in commercial construction have changed dramatically over the past decade. More owners are now embracing project delivery methods that streamline schedules and encourage collaboration among multiple parties throughout the construction process. As projects get bigger, more specialized, and more complex – such as data centers, healthcare facilities, manufacturing plants and institutional buildings…

  • Tired and Uncomfortable Drivers: How Fatigue and Ergonomics Increase Fleet Risk

    Add six hours of whole-body vibration and a poorly adjusted seat, and the vehicle your company depends on could quickly become a serious liability. Driver fatigue can build over time due to factors such as undiagnosed sleep apnea and irregular shift schedules. A single night of sleep is not enough to repay accumulated sleep debt.…

  • As Data Center Demand Accelerates, Utilities Face a New Risk Landscape

    Power demand is rising faster than infrastructure can be delivered Artificial intelligence, cloud computing, and digital infrastructure are driving unprecedented demand for data centers across the United States. According to industry estimates, approximately $3 trillion is expected to be invested globally in digital infrastructure by 2030, with U.S. data center growth projected to add nearly…

  • Putting Your Best Risk Forward: Strong Submissions for Real Estate Accounts Lead to Better Outcomes

    As an insurance marketing account executive for McGriff Specialty, my role includes presenting my clients’ accounts in the best possible light to our insurance company partners. How I submit each account directly affects the coverage options and terms we receive. Accounts presented favorably tend to generate more interest from a larger pool of insurers, which…

  • 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,…

  • The High Cost of Workplace Complacency in Risk Management: Why Organizations Can’t Afford to Ignore It

    Beyond the direct and indirect financial losses, complacency exacts a heavy toll on the human element—leading to more injuries, lower morale, and even loss of life—and erodes the safety culture that underpins sustainable operational success. As businesses navigate demanding production schedules and challenges in hiring and retaining good employees, complacency remains a hidden but costly…

  • Single-Parent Captives: A Strategic Risk-Financing Tool for Construction Leadership

    A single-parent captive offers construction leadership a strategic alternative. For large construction firms, insurance is not just a line item. It is a material operating expense and a source of earnings volatility. As premiums fluctuate with insurance market cycles, carrier appetite, and industry-wide losses, even the safest contractors with a strong risk management culture can…

  • 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…

  • Navigating Pollution Liability Exposures: Strategies for Effective Risk Management

    Pollution incidents—chlorine leaks at hotel pools, dust from construction sites, chemical releases in manufacturing, etc.—pose significant safety and liability challenges across many industries, including hospitality, construction, manufacturing, healthcare, transportation, and agriculture. The scenarios above highlight the critical need for organizations of all sizes and across all sectors to integrate pollution risk management into their safety…

  • Client Advisory: SEC Issues Disclosure Rule for Climate-Related Risks

    The McGriff Executive Risk Advisors team has observed a steady uptick in regulatory activity aimed at publicly traded companies (and certain privately held companies) over the last several years. One example was addressed in a previous McGriff client advisory related to a Securities and Exchange Commission (SEC) claw back rule. There was also the overreach by…