Search results for: “Strategies”

  • 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: Insurance Strategies For Renewable Energy Tax Credits

    Combining Tax Insurance and Business Interruption Insurance To Achieve Tax Credit Qualification and Quantification Certainty It’s hard to believe that more than a year has passed since the Inflation Reduction Act (IRA) was signed into law. The climate-related impacts of this sweeping legislation are certainly already being felt. Significant investments from a broader investor pool are…

  • Navigating the Hard Property and Casualty Insurance Market: Strategies for Apartment Owners

    Insurance costs for multifamily property owners rose significantly in 2020, compounding an already challenging multifamily market. Apartment owners saw insurance rates rise as much as 30%; assets that were viewed as challenged by the insurance marketplace made up the highest end of the spectrum. An increase of $50 a unit for insurance cost is meaningful…

  • Strategies to optimize your property program – 2024 Property Market Update

    Summary The property insurance market outlook for 2024 has shown signs of improvement with decelerated rate increases as compared to the last several years. This comes as positive news amid insureds’ fatigue of significant rate increases over multiple years, particularly in 2023, as insureds saw large jumps in their property insurance costs. Rate increases in…

  • 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…

  • Worker’s Compensation Fraud and How to Limit the Exposure

    According to the North Carolina Department of Insurance, insurance fraud costs Americans more than $300 billion each year. That adds up to $933 for every individual or $3,800 for a family of four. In this article, we’ll explore workers’ compensation fraud in particular and how to reduce its impact. Employees can commit workers’ compensation fraud…

  • 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…

  • McGriff National Webinar Series

    About the Webinar Series Webinars typically take place on the third Thursday of every month at 2:00 p.m. Eastern time. Each webinar lasts approximately 60 minutes. Registration links are provided below with each webinar; a confirmation email will be sent to the email address provided. Reminder emails will be sent 24 hours and one hour…

  • Unlocking Potential: How Understanding Human Behavior Enhances Safety and Operational Success

    In today’s complex and rapidly evolving work environments, organizations need effective strategies to enhance safety, improve performance, and cultivate a culture of engagement and accountability. While many companies invest heavily in technology and systems to mitigate risk, one of the most powerful and sustainable approaches remains underutilized: applying the science of human behavior. Understanding why…