Risk Management Monitor
NOVEMBER 8, 2021
One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. On the other hand, performing an appraisal (which insurers typically consider the “gold standard”) can provide much-needed accuracy and thoroughness, but will require a greater commitment of time and resources.
Risk Management Monitor
AUGUST 9, 2022
In 2021, insurers faced multiple billion-dollar loss events resulting from severe convective storms in the United States, with the greatest damage inflicted by hail that impacted the Plains, Midwest, Southeast and Northeast. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v.
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Risk Management Monitor
AUGUST 30, 2021
The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. If a hurricane impacts your business, implement your disaster recovery plan. Read the Fine Print.
Risk Management Monitor
JUNE 13, 2023
Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE As the hurricane season gets underway, the following tips can help businesses update and strengthen natural disaster recovery plans: Review your business interruption insurance. Update your current disaster recovery plan.
Risk Management Monitor
JUNE 9, 2023
For businesses, take this as a reminder to examine how your organization will handle fallout from wildfires, for example, reviewing your property insurance, business interruption coverage, disaster recovery plans or emergency communications procedures.
MHA Consulting
MAY 11, 2023
They can benefit organizations by helping keep the recovery team personnel sharp and making business continuity part of the organization’s culture. Many companies limit their disaster recovery drills to tabletop exercises, which are the least realistic and least demanding type of BC drills.
MHA Consulting
MAY 11, 2023
They can benefit organizations by helping keep the recovery team personnel sharp and making business continuity part of the organization’s culture. Many companies limit their disaster recovery drills to tabletop exercises, which are the least realistic and least demanding type of BC drills.
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