Tag: Business Insurance

  • Cyber Insurance and Cybersecurity Policies and Procedures

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    A McGriff client recently asked us for a draft or recommendations of a Secrets Management Policy and a Vulnerability & Patch Management Policy. A Secrets Management Policy and a Vulnerability & Patch Management Policy are crucial for protecting an organization’s data and systems from various cyber threats. Understanding the importance of this request, we share…

  • California Wildfires and Liability Risks for Utility Contractors

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    The recent devastation from the fires in Los Angeles, California, has spotlighted several issues – from risk mitigation and the adoption of stricter building codes to help minimize property loss to causation, negligence, and insurance. Among the issues being examined is the role of utility companies and wildfires. Lightning, arson, and utility lines are the…

  • Construction Project Insurance Protection: A Guide to OCIPs and CCIPs

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    Insurance plays a vital role in managing the inherent risks associated with large-scale construction projects.   One of the ways to manage the risk for a project is by the use of a Wrap-Up which is also known as a Controlled Insurance Program or CIP.  A CIP is comprehensive insurance program that is designed to…

  • Insider Cyber Threats: From Human Errors to Intentional Acts and Imposters

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    When it comes to cyber risks, employees are the weakest link. From accidental, unintentional incidents to intentional acts from disgruntled employees to foreign state actors posing as legitimate employees to gain access to a company’s systems for nefarious purposes, insider cyber threats are a growing concern for organizations of all sizes.   Unintentional Acts Human…

  • Are Chronic Conditions Driving Up Your Workers’ Comp Spend?

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    There is a direct correlation between employee well-being and workplace safety. Healthier employees tend to be safer, leading to fewer on-the-job accidents. However, the presence of chronic and often co-morbid conditions, such as diabetes, obesity, arthritis, asthma, hypertension, depression, and anxiety, can impact employees’ ability to perform their jobs safely and add significant complexity to…

  • How AI Is Helping Protect Environmental Risk

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    Environmental risks are uniquely complex. From remediation to brownfield development, underground storage tanks, and indoor air quality claims, no two projects—or policies—are the same. Whether you’re a contractor working with hazardous materials, a developer investing in contaminated land, or a company acquiring a business with legacy exposure, an insurance program must respond to specific, high-consequence…

  • Nuclear Verdicts Have Changed the Legal Landscape – What Fleets Must Do Differently

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    For years, nuclear verdicts — jury awards exceeding $10 million — have loomed large over the transportation industry. Once considered outliers, these catastrophic losses are now an entrenched part of the legal landscape. What began as merely emotionally charged jury decisions has morphed into a sophisticated legal strategy, engineered by plaintiff attorneys who treat litigation…

  • Understanding Indemnification Language When Using Standard Industry Forms

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    For contractors entering into agreements, it is crucial to understand the contractual language that applies to the Indemnification language, in particular, can often be ambiguous. And that can leave contractors vulnerable to losses resulting from a subcontractor’s work that damages a project. Many contractors use standard AIA contracts, but we must be aware that these…

  • The Vital Role of Occupational Health Nurses in the Workplace

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    When we think of nurses, we often envision compassionate caregivers in hospitals. However, this image overlooks a crucial segment of nursing professionals known as Occupational Health Nurses (OHNs). These registered nurses help prevent and manage work-related injuries and illnesses and play a vital role in promoting employee health and safety across the workplace.   According…

  • Consider a Single Parent Captive in a Soft Insurance Market

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    The insurance market began to show signs of softening in 2024 and has continued to do so into 2025. We are experiencing decelerating rate increases for Property insurance, and Workers’ Compensation has continued to remain favorable for buyers. While Umbrella and Auto Liability remain challenging in some segments, the broader trend is one of selective…