<![CDATA[Articles]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2018 2018-05-25T17:58:34-04:00 <![CDATA[Cradle-to-Grave Lending Risks Lurk after Natural Disasters]]> https://risk-strategies.com/knowledge-center/article/cradle-to-grave-lending-risks-lurk-after-natural-disasters#When:20:23:49Z We’ve all witnessed the harrowing broadcasts of tornadoes and hurricanes ripping through cities, blowing apart buildings and forcing thousands of people into shelters. We’ve also seen the follow-up footage of storm victims getting back on their feet and businesses reopening. But the lurking long-term effects of catastrophic storms almost always fly under the radar. Lenders who aren’t protected from those ongoing effects are as vulnerable as when a storm first makes landfall.

To understand the liability banks and lenders might incur when making loans to developers in storm-affected areas, we first need to understand how detection and enforced remediation of…]]> 2018-05-21T20:23:49+00:00 <![CDATA[Making waste and recycling safer for everyone: 5 new game-changing technologies]]> https://risk-strategies.com/knowledge-center/article/making-waste-and-recycling-safer-for-everyone-5-new-game-changing-technologies#When:16:42:35Z Innovations Observed at Waste Expo 2018

According to the Bureau of Labor Statistics, trash and recycling collectors hold the fifth most dangerous occupation in the United States. Every day, trash collectors put themselves and others in dangerous situations, navigating big trucks through narrow city streets and alleyways and operating heavy equipment.  Injuries are commonplace at recycling facilities due to loud, heavy machinery; from torn rotator cuffs caused by lifting trash cans, to a host of other even more serious injuries. Fatalities are far too frequent, both for employees and bystanders. And the human anguish that goes along with workplace…]]> 2018-05-14T16:42:35+00:00 <![CDATA[Listen up – You might have a Silent Cyber Risk problem]]> https://risk-strategies.com/knowledge-center/article/listen-up-you-might-have-a-silent-cyber-risk-problem#When:18:37:01Z Silent Cyber Risk is a new, emerging term that most outside of the insurance industry have never heard. What is Silent Cyber Risk and why is it gaining so much buzz in the insurance industry? In short it’s a term that speaks to the complex chain of liability that cyber threats can entail. Your approach to Cyber Liability may not be ready.

Press coverage following high profile cyber incidents like the Equifax breach, WannaCry and NotPetya attacks firmly ensconced “Data Security” and “Cyber Risk” in the public lexicon. When most people think about Cyber Risk, however, they typically think about…]]> 2018-04-18T18:37:01+00:00 <![CDATA[View from the Hot Seat: What Directors and Officers Need to Know about Their Personal Liability]]> https://risk-strategies.com/knowledge-center/article/view-from-the-hot-seat-what-directors-and-officers-need-to-know-about-their-personal-liability#When:18:43:41Z This week Mark Zuckerberg sat alone at the witness table in the blinding glare of news cameras, as senators and members of Congress took their best shots, hurling questions at him about Facebook’s failure to protect its user data, grilling him on what he did and didn’t do to stop it, and what he’s going to do to amend the errors of his ways. There was no lawyer who could deflect for him, no corporate shield to hide behind, nor any tolerance among the lawmakers for ambiguity or obfuscation. Facebook had done America wrong, and Zuckerberg had a bit…]]> 2018-04-13T18:43:41+00:00 <![CDATA[Who needs an art collection appraisal anyway?]]> https://risk-strategies.com/knowledge-center/article/who-needs-an-art-collection-appraisal-anyway-video#When:19:50:06Z Great personal art collections can kind of sneak up on you. The thrill of finding and adding new pieces can easily overshadow an equally important, but seemingly tedious, aspect of art ownership: ensuring that your collection is fully inventoried, currently valued and adequately covered.

You might think that if you’ve kept all your purchase documents, you’re set in the event of a loss or damage, but that’s far from true. Besides, a good appraisal has important use beyond insurance coverage.

Here’s a quick look at why you actually do need a collection appraisal.

Collections are an asset, and should be…]]> 2018-04-11T19:50:06+00:00 <![CDATA[When a Storm Gets Its Name, Your Insurance Takes a Hit]]> https://risk-strategies.com/knowledge-center/article/when-a-storm-gets-its-name-your-insurance-take-a-hit#When:20:09:37Z For hundreds of years, the United States has been assigning names to major weather events. The first was The Great Snow of 1717, when a particularly concerning blizzard hit the colonies of New England. Since then, we’ve taken to adopting more straightforward names – like Harvey and Irma – to reduce confusion and streamline communications.

The World Meteorological Organization strictly handles procedure on officially naming storms, but The Weather Channel adds another layer of complexity. Somewhere along the way, it decided to name storms on its own for the purpose of reporting. These are not official named storms, but…]]> 2018-04-10T20:09:37+00:00 <![CDATA[Gifts and Valuables Coverage]]> https://risk-strategies.com/knowledge-center/article/gifts-and-valuables-coverage#When:16:04:47Z The Holidays are a time of giving and getting. So let’s say you just got or gave one of the following for the holidays

  • Bitcoin
  • Jewelry
  • Expensive Clothing
  • Fine Art
  • Trip
  • Car

All great stuff (Bitcoin is more than an attention grabber –more on that later), but do you need to be thinking about you insurance? Let’s take a look at why and why not.

Jewelry - YES

Every home insurance policy has a specific cap ranging from ($1,000 to $50,000) on jewelry that is covered under the home policy, subject to your home insurance deductible. It makes…]]> 2018-04-02T16:04:47+00:00 <![CDATA[Cyber Why Do We Need It?]]> https://risk-strategies.com/knowledge-center/article/cyber-why-do-we-need-it#When:16:00:14Z Today, thanks to mobile broadband, we all have more data at our fingertips than we did even 15 years ago.

While this evolution has great advantages, there are also associated risks. Although commercial and corporate attacks garner the media attention, individuals are still also at risk, especially successful individuals and families.

Here are some of the cyber risks you face:

  • Phishing -an attempt to trick victims into revealing confidential information with apparently legitimate communication such as a malware-infused email attachment.
  • Home Network attack - as businesses tighten security, hackers are turning their attention to individuals where security falls short.…]]> 2018-04-02T16:00:14+00:00 <![CDATA[Why the Carrier Matters]]> https://risk-strategies.com/knowledge-center/article/why-the-carrier-matters#When:15:29:20Z When purchasing home insurance, many people assume there isn’t much difference from one carrier to another. For many, the primary determining factor when looking for insurance is cost. For others, it might be a long standing relationship with their insurance agent. While pricing and relationships are important, there are many other factors to consider when insuring your home.

    Two common misconceptions are that:  1) all insurance companies know how much insurance you need to rebuild your home and 2) the insurance company has a responsibility to insure your home properly so that you are not left with out-of-pocket expenses after…]]> 2018-04-02T15:29:20+00:00 <![CDATA[Liability and the Single Project Joint Venture – An Overview]]> https://risk-strategies.com/knowledge-center/article/liability-and-the-single-project-joint-venture-an-overview#When:14:47:25Z A joint venture is the combination of two or more firms established for a specified purpose and architectural and engineering (AE) firms form them regularly for a variety of reasons. While approaches vary – from stand-alone entity to in-name-only or one-subject partnership agreements – this article will focus on joint ventures established as a separate entity for the limited purpose of executing a single contract.

    Single-project-focused joint ventures typically have a Federal Employer Identification Number but no employees, autos, leaseholds or other property. Services being provided by the joint venture partners are parceled out to the joint venture component firms.