<![CDATA[Articles]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2018 2018-09-24T15:13:49-04:00 <![CDATA[The ABCs of Builders Risk & Coastal Exposures]]> https://risk-strategies.com/knowledge-center/article/the-abcs-of-builders-risk-coastal-exposures#When:15:36:25Z Many contractors dream of a project with a view of the beach or an ocean breeze.  But if your commercial or residential blueprints are on or near the coast, how you protect your project from Mother Nature matters.  The perils of costal weather are inevitable, you need a plan in place to protect your project and mitigate risk for as long as you’re on the job.

First, a sound risk management strategy should include a review of all construction documents and lender requirements, along with indemnity provisions so that the policy is tailored to the way you want it. 

Crafting…]]> 2018-09-24T15:36:25+00:00 <![CDATA[Are you signing on to unnecessary risks?]]> https://risk-strategies.com/knowledge-center/article/are-you-signing-on-to-unnecessary-risks#When:18:38:33Z Successful individuals and families lead fast-paced, dynamic lives. Part of that lifestyle can include situations such as major home renovations, the hosting of elaborate events at luxury venues and loans of treasured artworks to galleries, museums or travelling exhibitions.

The problem is, any of these activities can expose you to unnecessary risk in a seemingly mundane moment—just signing a contractual agreement, for instance.

That’s why an important guiding principle of prudent risk management includes ensuring that appropriate responsibility and liability is specifically delineated before you enter into any legal agreement. Is the service provider taking responsibility for his or her…]]> 2018-09-20T18:38:33+00:00 <![CDATA[China’s Policies Rock US Recycling Market]]> https://risk-strategies.com/knowledge-center/article/chinas-policies-rock-us-recycling-market#When:18:33:46Z Consumers rarely think about where their bins of recycled cans, bottles and cereal boxes end up after they put them out on the curb. They might not know that for decades the majority of their recycling waste has gone to China -- 4,000 shipping containers of it every day.

Collecting recycled materials is a profitable business. Materials Recovery Facilities (MRFs) pay municipalities for their recycle waste, bundle it up and sell it to China for a profit. China processes it and turns it into goods and materials. It’s a win-win-win situation.

But all that changed this year.

On January 1,…]]> 2018-09-10T18:33:46+00:00 <![CDATA[Windstorm Deductibles: Don’t Get Lost In The Storm]]> https://risk-strategies.com/knowledge-center/article/windstorm-deductibles-dont-get-lost-in-the-storm#When:18:14:20Z The 2018 hurricane season has suddenly sprung to life and if you find yourself in the middle of it you’ll never forget it. Catastrophic storms and the uncertainty and anxiety that washes over you. Add to that the damage and destruction and it can be overwhelming.

Property owners in coastal and inland communities in the path of these monster storms face a potential mountain of post-storm issues, including navigating their windstorm deductibles.

According to the Property Claim Services unit of the Insurance Services Office ISO, between 2007 & 2016 estimated insured property losses totaled more than $44 billion dollars…]]> 2018-09-10T18:14:20+00:00 <![CDATA[Cyan Ruling a Catalyst for Securities Litigation (Part One)]]> https://risk-strategies.com/knowledge-center/article/cyan-ruling-a-catalyst-for-securities-litigation-part-one#When:13:16:17Z The basic calculus for investing in IPO securities is simple: you buy stock in a company at the time of the IPO, the value of the stock goes up, and you make money. But when you invest in an IPO, and the stock price goes down (for any number of reasons), many investors demand that the issuer of the stock pay. Lawyers are hired. Suits are filed. And the calculus is suddenly not so simple.

Companies have always faced a risk of securities litigation from investors seeking to recover damages when the actual value of stocks they bought is lower…]]> 2018-08-29T13:16:17+00:00 <![CDATA[A Hard Market for Home Owners Insurance ]]> https://risk-strategies.com/knowledge-center/article/a-hard-market-for-home-owners-insurance#When:13:13:35Z In prior communications I had predicted that obtaining coverage for home insurance would be more difficult and expensive in California due to the huge and unexpected losses in the Wine Country fires.  Add the fires experienced in Southern California and the most recent fires in Northern California and you have the necessary ingredients for a hard market for home insurance.

What is a hard home insurance market?  It is an insurance market where it is difficult to find coverage and where pricing is increasing.  For many home owners a hard market can also mean less coverage for more money! 

Many…]]> 2018-08-24T13:13:35+00:00 <![CDATA[Trends in Ransomware]]> https://risk-strategies.com/knowledge-center/article/trends-in-ransomware#When:22:48:21Z At some point, any business could be faced with a malicious ransomware attack. As cyber criminals grow more sophisticated, ransomware attacks are becoming more destructive year after year, and the cost to companies in remediation, lost revenues, business interruption and reputation is steadily on the incline.

Some trends have started to emerge in the past year.

Ransomware is on the rise. By far and away, ransomware is the fastest growing attack pattern we’re seeing. In fact, 2017 could be called the year of the mega ransomware attack. WannaCry, which essentially crippled the U.K.’s National Health Service computer systems, forcing hospital…]]> 2018-08-15T22:48:21+00:00 <![CDATA[The Ups and Downs of Government Contracts]]> https://risk-strategies.com/knowledge-center/article/the-ups-and-downs-of-government-contracts#When:16:48:24Z For small, minority-owned firms looking to build their project portfolio and grow their business, securing a government contract can seem like the Holy Grail. After all, government contracts for architect and engineering (A&E) jobs often pay well and can lead to more work down the road for a recurring revenue stream.

Firms certified as a Minority Business Enterprise (MBE) – at least 51 percent owned, operated and controlled on a daily basis by someone belonging to an ethnic minority – have an advantage in winning government contracts because a percentage of federal, state and municipal government contracts are reserved for…]]> 2018-08-07T16:48:24+00:00 <![CDATA[Think You’re Safe from Cyber Risk? Think Again]]> https://risk-strategies.com/knowledge-center/article/think-youre-safe-from-cyber-risk-think-again#When:14:53:03Z When a private equity firm acquires a company, whether it’s a billion-dollar tech company or a mid-sized pizza franchise, the buyer may be taking on more than the seller’s assets; they may also be taking on relevant exposure associated with those assets. One of the most malicious risks we’ve seen in recent years in M&A transactions is cyber liability, and, surprisingly, it’s often overlooked.

Recent examples of cybersecurity breaches being uncovered during M&A cycles shine a light on the seriousness of the issue. Notably, in 2016 when Verizon agreed to acquire Yahoo! for approximately $4.8 billion, Yahoo! hadn’t yet disclosed…]]> 2018-07-26T14:53:03+00:00 <![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