As states and cities begin to lift lockdown restrictions, stay-at-home orders and social distancing measures, it’s vital that businesses implement and communicate new protocols and safety precautions in the workplace before and after employees return. Prepare for reopening your doors with this practical Return-to-Work Toolkit that will help in developing a good first step toward creating a plan specific to your organization.
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As states continue to adopt shelter-in-place orders to stop the spread of COVID-19, many employers remain open for business and need employees to perform essential operations. To protect their workforce, employers should adhere to CDC and DOL guidance on implementing safety practices for employees. We share some tips for employers with essential employees that can reduce the risk of workplace hazards and explain how to document those efforts in workplace policies and employee communications.
Cyber criminals are taking advantage of the situation created by COVID-19, and employees can inadvertently expose sensitive data or facilitate a ransomware attack. This year’s Data Security Incident Response Report addresses the data breach litigation landscape and cybersecurity strategy. The intent of the Report is to use incident response data to demystify incident response and serve as a resource to help organizations use risk-prioritized decision-making to take practical steps to improve their cybersecurity posture and operational resiliency.
As the economic fallout of the global COVID-19 pandemic increases, state legislatures and regulators are under rising pressure to shift the resulting economic losses onto the insurance industry. One of the major issues that legislatures and regulators focus on in this respect is whether business losses related to the virus might implicate the “business interruption” coverage found in many commercial property policies. A review is provided on the legislative measures many state governments have taken to potentially force the issue.
No one foresaw the pandemic crisis that is currently testing the value proposition of the family office. The implications will change the way the future is shaped, one that will include a focus on the ability to function as a remote organization. The way forward is emphasizing the need to not just have a plan, but to examine, test, and refresh those plans regularly on a risk management and mitigation level. If you do, you’ll find holes along the way which gives the family office insights as to how to fix them and evolve into a stronger position.
Every year, life insurance carriers capture approximately $25 billion of economic value from policy owners and trust beneficiaries when the policies of older insureds are surrendered or allowed to lapse. Of that amount, high-net-worth families forfeit around $10 billion because they weren’t aware of how they could recapture the value of those policies through a transaction called a life settlement, which is the sale of a life insurance policy from the original owner to a third party.
Whether it's a cabin in the woods, a house, or condo on the beach or a chalet in the mountains, your vacation home can be a wonderful place to relax and unwind. However, secondary residences require additional precautions compared with your primary home.
When evaluating and trying to find the right insurance advisor or company, it helps to have a map outlining the RFP process and a checklist of best practices. Learn where to start in your search and avoid getting the wrong results.
Water claims under personal or business insurance contracts can be confusing and easily misunderstood, and standard insurance does not cover everything. Protect your home from water damage and make sure you have the insurance coverage and endorsements that can make a difference to the financial health of your family or business.
For prominent and wealthy families, personal security and safety have always been a top concern. But too often, addressing family security comes after a triggering event. Having a proactive plan that views family security as part of a total risk management strategy will mitigate and reduce preventable crimes. The approach should include protecting the three gates of private life—the physical, digital, and social.