The Risksmart Solutions Blog
Vendors, suppliers, service providers, and consultants have become indispensable to many businesses. “Vendor” is a generic term for many sales and service providers, such as couriers, cleaners, accountants, bookkeepers, strategy or insurance consultants, lawyers, insurance […]
Even after all your risk management time and effort, most firms need insurance to protect the bottom line from unexpected large losses or lawsuits.
Is insurance just a necessary expense?
If you buy transactionally – meaning you […]
We’ve all seen the various top-ten lists – some ad nauseam. And even with all my years in and around the insurance business and working with hundreds of companies large and small, I’m sure I […]
School will soon be out again – are you ready to hit the road?
Do you want to combine some vacation with business? Great! With smartphones, tablets and […]
Workers Comp insurance is a complex and confusing mystery for most business owners, and, often for brokers too!
I recently got a phone call from a painter who was being billed $57,000 in additional workers’ comp […]
Here is your annual reminder!
As you organize your priorities for the New Year, don’t forget to include these on your list.
Seven key risk and protection reminders for your checklist:
We know these factors are important, yet […]
How People Understand Risk
Violence seems to be everywhere these days. And, like many things, the meaning has evolved – from physical force to one that now includes threats, intimidation, harassment, assaults, and bullying.
Two million American workers experience violence […]
Some risks are seasonal and “weather” can mean different things depending on your location. This time of year, the fall equinox is upon us and means it’s time to get ready for weather!
Here are simple […]
Who hasn’t heard of the new game craze Pokémon Go? It’s a new and unprecedented activity, and unlike any game we’ve seen before. But do you know the risks it could cause to you as […]
Business is risky. Some risk, of course, is good – but it needs to be managed. Consider the dangers of preparing your own tax returns. Your accountant’s special expertise lets you “manage” the risk of […]
School will soon be out – are you ready to hit the road? Do you want to combine some vacation with business? Great! With smartphones, tablets and apps, it’s easier than ever not to miss […]
Just like changing the clocks makes us think about smoke alarm batteries, tax time reminds us of all the stuff we have around!
Saving, protecting, sorting, archiving, and eventually destroying business or personal documents can be […]
A real-life story
An employee finds a USB drive in the parking lot on his way into work; it’s marked “Bonuses.” The attacker who left this knows he’ll be inside your system within two hours. If […]
“Disruption” can have several meanings, but it all feels very uncomfortable!
- There can be positive impacts if you are the creator of disruptive innovation, like Uber or Airbnb.
- Then there are disasters – both accidental (like fires, […]
Here is your annual reminder! As you organize your priorities for the New Year, remember to include the following.
Seven key risk and protection reminders for […]
Yes, this is another reminder! Aren’t we all tired of hearing about hacks and breaches and identity theft? There are almost daily articles, warnings and some huge, disastrous examples – it can be easy to […]
Further to last month’s weather alerts tip, several readers asked about El Niño. This weather disturbance where Pacific Ocean temperatures alter dramatically, can bring heavy rains to the western U.S. and Canada, and dry and […]
Some risks are seasonal. The fall equinox means it’s time to get ready for weather!
Here are pertinent reminders to help you and your family, your employees and your business to be prepared. A special thanks […]
“Disasters” for small and midsize enterprises (SMEs) can arise from many sources and come in all shapes and sizes. Many studies report that 60% to 80% of SMEs that are hit with a major disaster […]
I was recently asked if an email about personal security was for real. It said, in big bold letters:
“Tell everyone, even the checkout-out girl … put your car keys beside your bed at […]
This article, from Aldridge & Cox, Risk Management Consultants (www.aldrichandcox.com), addresses a pet peeve of many clients, and of course, me! It’s well-written and right on target.
Do policyholders read (and understand) their […]
One of the biggest shocks clients experience is when, after years with no injuries, a moderate accident occurs and a worker is injured. What often comes next is difficulties finding the insurer’s medical clinic, […]
This Tip is the third and final installment of the Cyber Breach Response series. So far, we’ve discussed the costs of a data loss, the benefits to your reputation of having a plan, and […]
We humans have an ingrained “It won’t happen to me” attitude, as well as a head-in-the-sand reaction to things we don’t – or don’t want to – fully understand. It’s part of our nature.
However, there […]
In Florida, a healthcare provider was recently charged with a lawsuit in light of a data breach. The results of their case mandated these specific precautions:
- Security awareness and training programs for all employees
- Training on laptop […]
Humans are wonderful procrastinators. Our knee-jerk defense is, “Well, it won’t happen to me…!” And yet hardly a week goes by without news of businesses and homes destroyed by wildfires, floods, tornados, hurricanes and earthquakes.
Driving is dangerous enough by itself – and with rush hour traffic all day long, tight schedules and all kinds of cars, trucks and motorcycles trying to change lanes in front of you, […]
Most clients don’t initially understand all the services their insurance broker can provide. An annual account review is an excellent example and a great learning experience.
What’s an Account Review?
Do I hear a snort? Or possibly an “Oh, sure?” Does the title sound like How To Train Your Dragon? And when you question an invoice you’ll get your eyebrows singed off?
For many reasons, lawyering […]
We’ve talked about a Safety Plan as a critical foundation to ensuring business survival. Many businesses round out the culture of Safety by including product and service reliability and quality – or as one client’s […]
Many business people don’t quickly and easily connect the three areas mentioned in the Tip title. How often do you see that?
In simple terms, Productivity is “on time, on budget” and enhancing the bottom line […]
In the past three to five years I’ve become painfully aware how fundamental safety is to risk management and to business owners’ bottom line.
I’ve seen workers’ compensation “experience mod” rates soar with: a couple of […]
Federal, State and County laws throughout the US have varying minimum wages and they are changing at a more frequent rate than ever. Some studies indicate an increase will stimulate local economies and put less […]
As you organize your priorities for the New Year, here are 7 key Risk and Protection reminders for your checklist. Many of these we know are important, yet they’re often not immediately urgent so they […]
While Charles continues his recovery, RiskSmart Tips would like to thank several colleagues for volunteering to contribute their professional views, particularly in the areas of avoiding, planning for, and managing business risk. This month’s tip […]
Symantec’s Internet Security Threat Report 2013 lists small businesses as the target of 31% of all cyber attacks in 2012, up from 18% in 2011.
“While it can be argued that the rewards of attacking a […]
While Charles continues his recovery, RiskSmart Tips would like to thank several colleagues for volunteering to contribute their professional views, particularly in the areas of avoiding, planning for, and managing a crisis. This month’s tip […]
My name is Patrick Wilson; I am Charles’ son and am contributing this month’s blog.
On July 25, my parents returned from a trip to visit family in New York State and Canada. The next day […]
Many business people envy the companies that are on the “100 Fastest Growing” lists. The risk manager says, “Be careful what you wish for.” Sometimes what looks good from the outside can be a painful […]
What’s the fastest way to improve business productivity? Lots of organizations struggle to just set basic priorities, get things done on time/on budget, and keep everyone focused and safe on the job. There’s so much […]
“If you don’t know where you’re going you might wind up someplace else.” ~Yogi Berra
Isn’t planning great? Some folks seem to spend their time writing stuff down and never really doing anything. While […]
Good news might be when your MD says you’re as strong as a horse and you’ll live at least another 20 years! The bad news is now you can’t avoid completing the Transition Plan for […]
I remember what is probably an apocryphal story about the Lone Ranger and his sidekick, Tonto riding over the ridge to face a large band of hostile Indians. The Lone Ranger says, “I think we’re […]
What gets us into trouble is not what we don’t know. It’s what we know for sure that just ain’t so. ~ Mark Twain
As you organize your priorities for the New Year, here are 7 […]
Quote: Better to remain silent and be thought a fool than to speak out and remove all doubt. ~ Abraham Lincoln
Title: Disasters – 10 Ways to Be Prepared
“Disasters” for small and midsize enterprises (SMEs) can […]
Many businesses and not-for-profit organizations want to plan for next year’s revenues and expenses. For many, insurance premiums can have a major impact and may require adjusted pricing on products and services in 2013.
RiskSmart Solutions […]
Winter’s fast approaching – or already here – in many parts of the US. Even the San Francisco Bay Area may experience some record lows over the next few weeks. Is your business or home […]
While many people have hard-wired smoke detectors as part of their home alarm systems, they often supplement that system with battery-powered extra units.
Residential smoke alarms need to be on every level and are recommended in […]
Workers sometimes joke – particularly within earshot of a Safety person – that, “Safety comes third – first there’s lunch, then break!” At least they’re thinking about it!
Many business insurance policies are subject to audit by the insurance company. Initial premiums are calculated from revenue, payroll or other estimates. These estimates can change and, no surprise, the insurer wants more premium!
What can […]
Certificates of Insurance and Additional Insured (AI) endorsements are usually a “best practice” whenever you hire subcontractors and certain suppliers and vendors. Many businesses don’t understand the pitfalls of getting this right.
Many mid-size organizations depend on just an insurance broker for their entire Risk Protection Program. Today’s world is marked by increasing business complexity and insurance coverage restrictions. Should we be surprised that execs […]
It’s easy in a rough economy to misunderstand the difference between a business expense and an investment. They both look like the same cash out the door! Unfortunately, when expense cuts are across the board, […]
Here’s a not-so-successful story about Risk Management. It’s sad, and I wish I could have done more to prevent it.
I was working with a start-up client to get a new Employee […]
Do duct tape and plastic sheeting form the cornerstone of your business security and protection plan? Were things ever that simple? Here’s the real question: How do you handle the high costs of insurance premiums?
The insurance market has been “soft” for a long time. Renewals with lower costs now seem normal, and you may have gotten better coverage too, if your broker was paying attention. Clients and […]
As you organize your priorities for the New Year here are 7 key Risk and Protection reminders for your checklist. Many of these we know are important, yet they’re often not immediately urgent […]