<![CDATA[Articles]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2018 2018-07-16T14:15:39-04:00 <![CDATA[When Buy-Outs Are the Best Option]]> https://risk-strategies.com/knowledge-center/article/when-buy-outs-are-the-best-option#When:15:29:21Z It’s a scenario that happens all too often. You and a friend or colleague start a business. You have a brilliant idea and you’re ready to take on world. You draw up a contract, split everything 50/50. The two of you pour every ounce of your talent, time and energy into the company. Things are tough in the beginning. The market isn’t ready for your idea, VCs won’t take your calls, your proof-of-concept flops, you run into trouble on the production line. Maybe you max out your credit cards to keep it going. But you are entrepreneurs. You work hard…]]> 2018-06-29T15:29:21+00:00 <![CDATA[Architect’s Guide to Building a Team of Subconsultants]]> https://risk-strategies.com/knowledge-center/article/architects-guide-to-building-a-team-of-subconsultants#When:15:00:40Z From professional athletes to professional landscapers, everyone wants to surround themselves with the best team to get the job done. But for architects, having the right team means more than just finding top talent: it means finding highly skilled, properly vetted, and adequately insured subconsultants to protect themselves down the road.

Generally, when an owner enters into a contract with an architect, that architect, or “prime designer,” becomes responsible to its client for the errors and omissions of its subconsultants on the project. Known as vicarious liability, it extends the architect’s contractual obligations to a stable of professionals, from the…]]> 2018-06-27T15:00:40+00:00 <![CDATA[Ransomware – Payment is only the first cost]]> https://risk-strategies.com/knowledge-center/article/ransomware-payment-is-only-the-first-cost#When:12:41:20Z So far this year, ransomware attacks have topped the list of cyber-incidents plaguing organizations. In these attacks, hackers break into systems and encrypt all data, effectively preventing access without a special code key. Getting that key, and your data back, is where the ransom comes in.

Think your organization is not large or prominent enough to be a target? Read the stories a bit more closely.

So far in 2018, the crippling attack on the City of Atlanta has become the most high-profile reminder that no organization is safe from these attacks. By most reports, Atlanta is still recovering…]]> 2018-06-27T12:41:20+00:00 <![CDATA[Evaluating Your Medical Plan Offering(s): Part One – Plan Values]]> https://risk-strategies.com/knowledge-center/article/evaluating-your-medical-plan-offerings-part-one-plan-values#When:17:18:23Z Have you ever wondered if your company offers the right mix of medical plans? You know your deductible, copays, and coinsurance, but what percent of claims are paid under the plan? Does your company’s medical plan provide meaningful choice for employees or are they electing coverage based on payroll deductions and copays? We can help answer all of these questions by evaluating your plan design(s).

Under ACA, plans are assigned a metal level, defined as follows:

  • Platinum Plan value at, or above, 90%
  • Gold Plan: values between 80% and 90%
  • Silver Plan: 70% and 80%
  • Bronze Plan: 60% and…]]> 2018-06-26T17:18:23+00:00 <![CDATA[Get Smarter on Health Care costs]]> https://risk-strategies.com/knowledge-center/article/get-smarter-on-health-care-costs#When:19:28:34Z Since the 1970’s, we’ve experimented with HMOs, PPOs, the Affordable Care Act, with the goal of controlling premium costs. Some measures have helped a bit, but on the whole, it’s not working.

    So, who’s at fault? Pretty much everyone. Doctors are focused on patient health and, until recently, have not been particularly focused on the costs. Employers respectful of privacy and sensitive to personal health information, have largely taken a laissez faire approach with employee health issues and decisions, but also don’t want to pay more for insurance when employees don’t take care of themselves. Pharmaceutical companies want to improve…]]> 2018-06-25T19:28:34+00:00 <![CDATA[Is Your Courier Business Driving Happiness? ]]> https://risk-strategies.com/knowledge-center/article/is-your-courier-business-driving-happiness#When:19:51:02Z Happy Employees, Healthier Bottom Line?  

    Happy employees are more productive at work, according to a new study by health and performance experts Global Corporate Challenge (GCC). The GCC Insights report found the link after surveying employees from 500 organizations in 70 countries.

    The findings confirm the role emotions play in business, and that happiness is critical for productivity and talent retention and not a job perk or something that is just “nice to have.”

    “The connection is clear: happy employees are high performing employees,” said Dr. Olivia Sackett, GCC Insight’s data scientist. “Leaders who understand this and initiate happy…]]> 2018-06-14T19:51:02+00:00 <![CDATA[Keys to Understanding Your Workers Compensation ]]> https://risk-strategies.com/knowledge-center/article/keys-to-understanding-your-workers-compensation#When:19:47:38Z Let’s all agree on this:  Workers Compensation is probably not a favorite topic at your company’s water cooler and if it was, most would have many more questions than answers!  In fact, no form of insurance causes so much fear, misunderstanding, and confusion as this important piece of coverage for your courier business.

    And for good reason. No other form of insurance can lay claim to so large a slice of your revenues.  Whether you already pay large premiums or are just waiting for the premium shoe to drop ... most courier company owners know that the stakes are high.

    <![CDATA[Understand the Safety Risks of Distracted Driving]]> https://risk-strategies.com/knowledge-center/article/understand-the-safety-risks-of-distracted-driving#When:18:11:40Z Same day delivery couriers aim to transport products from point A to point B in the fastest, most convenient way possible. However, business owners who offer expedited courier services must prioritize the safety of their mobile employees, as well as the safety of other drivers on the road.

    According to a recent CellControl report, there are approximately 5,338,000 commercial crashes every year, accounting for more than $87 billion in business losses. And the average commercial crash costs $16,500, which is a hefty price for service providers and insurance carriers to swallow.

    Between moving products quickly and implementing the necessary safety and insurance policies,…]]> 2018-06-14T18:11:40+00:00 <![CDATA[Top Trends and Insurance Implications for Home Delivery in a Changing Marketplace ]]> https://risk-strategies.com/knowledge-center/article/top-trends-and-insurance-implications-for-home-delivery-in-a-changing-marketplace#When:18:09:26Z As demand for home delivery services increases exponentially, retailers and the industry at large are working to accommodate a rising service sector.  As a result, new technology and innovative solutions (apps, business models, insurance, etc.) are required to meet these demands and support companies operating in this segment.

    Risk Strategies’ Bryan Paulozzi and Brian Jungeberg weigh in on the state of the industry, including top trends, challenges and insurance implications to consider in 2018. 


    Q: In your opinion, what are the greatest challenges home delivery, last mile delivery and white glove delivery companies face?

    Paulozzi: From a high level, companies…]]> 2018-06-14T18:09:26+00:00 <![CDATA[Non Profit D&O]]> https://risk-strategies.com/knowledge-center/article/non-profit-do#When:17:56:44Z When you find yourself with the opportunity to sit on a board for a not for profit organization, it can be a tremendous honor. But, don’t let the honor and challenge cause you to lose sight of the potential risks.

    While serving on a board can be a truly rewarding experience, it may come with some unforeseen liabilities that can come back on you personally. Before you sign on the dotted line, you may want to consider these five important risk mitigation techniques.


    1. Review the organization’s background and reputation. Research the company to make sure you fully understand…]]> 2018-06-14T17:56:44+00:00