<![CDATA[Blog]]> https://www.risk-strategies.com/ en info@risk-strategies.com Copyright 2020 2020-08-05T13:01:46-04:00 <![CDATA[Storm Prep Alert - Isaias Heads for Land]]> https://risk-strategies.com/knowledge-center/article/storm-prep-alert-isaias-heads-for-land#When:20:37:22Z The 2020 Atlantic Hurricane Season is very active so far and now a named Storm, Isaias, is on track to make landfall in Florida in the next 24-36 hours. If you’re in its path and haven’t already taken prep steps, it’s time to get busy. Here are a few ideas and resources to guide your efforts for this and any subsequent storm:

  • Track the forecasts – You’ll need the latest information to know when to act. Improved forecasting technology makes following storm movements and anticipated track easy. The National Weather Service and The National Oceanic…]]> 2020-07-30T20:37:22+00:00 <![CDATA[What’s at Risk During COVID-19 for Successful Individuals and Families ]]> https://risk-strategies.com/knowledge-center/article/whats-at-risk-during-covid-19-for-successful-individuals-and-families#When:12:45:48Z In this time of pandemic successful individuals and families are adjusting to a new normal largely bereft of frequent travels and lavish gatherings but teeming with new risks.

    From preserving million-dollar art collections and protecting vacant primary and secondary homes, to creatively insidious cyber attacks, let’s break down some of the risks they are facing today.

    The Art of Disaster Planning

    During mandatory lockdowns, many families fled primary homes in urban areas, like San Francisco, for a more spread out and quiet countryside settings, like the Napa Valley. In fact, prices on homes listed in rural areas rose 164%…]]> 2020-07-30T12:45:48+00:00 <![CDATA[Pandemic Influx Reveals Amazon Delivery Service Partner Risk Issues]]> https://risk-strategies.com/knowledge-center/article/pandemic-influx-reveals-amazon-delivery-service-partner-risk-issues#When:17:14:04Z In mid-March when stay-at-home orders were issued to curb the spread of COVID-19, millions of homebound Americans turned to Amazon for everything from basic supplies to leisure shopping. The influx of orders skyrocketed quotas and pushed into stark view the grueling and dangerous risks faced daily by Amazon delivery drivers – many of whom aren’t even employed, nor paid wages directly by Amazon.

    According to data from 2019, Amazon relies on at least 800 third-party companies, known as “delivery service partners” or “DSPs,” to manage the roughly 75,000 drivers who deliver its packages. Making relatively modest up-front investments, these…]]> 2020-07-28T17:14:04+00:00 <![CDATA[Big Apple Building Again - Safely]]> https://risk-strategies.com/knowledge-center/article/big-apple-building-again-safely#When:13:53:32Z Construction sites that sat dormant under lockdowns for months are back up-and-running, albeit under a new and unprecedented set of safety measures. For an industry that relies on speed and coordination among multiple groups of specialized workers to make projects profitable, construction companies have adapted remarkably well to the challenges of the coronavirus.

    New York City, where all projects deemed non-essential were shut down from late March to early June, has been a leader and model in how to get highly complex building projects back on track, while putting the safety of workers first.

    Communication, Training, Respect

    Most general contractors…]]> 2020-07-20T13:53:32+00:00 <![CDATA[Cybersecurity Exclusions in a Hardening Insurance Market]]> https://risk-strategies.com/knowledge-center/article/cyber-coverage-likely-doesnt-extend-to-state-sponsored-attacks#When:17:39:22Z Back in February, when the DOJ announced that the Chinese government was behind two of the largest data security breaches of American companies in history — the Equifax breach of 2017 and the Marriott breach of 2018, it rattled the cyber insurance market.

    In a cyber insurance market that was already beginning to see movement toward restricted coverage and narrower scopes of exclusions, this development gives carriers ammunition to tighten restrictions even further by limiting coverage if a cyber breach is determined to be state-sponsored or declared an act of war. Companies should prepare for cyber policies to become…]]> 2020-07-17T17:39:22+00:00 <![CDATA[What Does Mercury Emission Rollback Mean for Liability?]]> https://risk-strategies.com/knowledge-center/article/what-does-mercury-emission-rollback-mean-for-liability-revised#When:14:17:13Z A new rule by the Trump administration to roll back Environmental Protection Agency (EPA) regulations on mercury pollution went into effect in April, but no business should be lulled into thinking the new rule alleviates their environmental liabilities.

    Mercury is a toxic metal that’s known to cause serious health issues in people, including brain, cardiovascular and lung damage. It’s primarily released into the environment from oil and coal‐fired power plants, but it comes from the steel industry, other types of manufacturing that deal in steel, and other types of manufacturing that burn fossil fuel.

    The administration’s new rule relaxes…]]> 2020-07-14T14:17:13+00:00 <![CDATA[Navigating COVID-19 as an App-Based Food Delivery Platform]]> https://risk-strategies.com/knowledge-center/article/navigating-covid-19-as-an-app-based-food-delivery-platform#When:14:24:01Z The food delivery market isn’t a new phenomenon. The Internet’s rise has ushered Americans steadily towards a convenience culture. But as the country shut down in March amidst COVID-19’s stay-at-home orders, the demand for food delivery services skyrocketed. Considered essential workers, delivery drivers for app-based platforms like UberEats, GrubHub, Instacart and Shipt accepted the risk and went to work delivering restaurant take-out and grocery orders.

    An increase in demand requires an increase in staffing, leaving delivery platforms to navigate the unchartered waters of protecting the company from COVID-19 liability exposure, while ensuring the health and safety of their employees.

    Operational…]]> 2020-07-09T14:24:01+00:00 <![CDATA[Controlling benefits costs in 2020 and beyond]]> https://risk-strategies.com/knowledge-center/article/controlling-benefits-costs-in-2020-and-beyond#When:20:42:27Z On June 24th of this year, PwC’s Health Research Institute released its Medical Cost Trend: Behind the numbers 2021 report. While typically producing a single projection based on current trends, for the first time in the 13 years the report presented three unique possible scenarios. Why? The closing of hospital systems to all but COVID patients introduced huge uncertainties into cost trend projections as employee population claims experiences became skewed by both COVID cases and delayed treatments for non-COVID issues.

    More than ever, employers need to be aware of the ways they can control costs to be better prepared…]]> 2020-07-08T20:42:27+00:00 <![CDATA[Is Your Workplace Ready to Reopen? ]]> https://risk-strategies.com/knowledge-center/article/is-your-workplace-ready-to-reopen#When:17:32:31Z As businesses start to reopen office spaces, employers are reimagining what the “new normal” in the workplace will look like. We’re working closely with our partners to provide practical advice on how to welcome employees back safely, advising on things like local and federal guidelines, tweaks to daily operations and more. Read on for some of our best advice.

    Identify Current Risks

    The risks attributed to COVID-19 vary greatly depending on the type of business, its physical space, number of employees and location. For instance, companies centered in urban locations face the added risks of employees taking public transit and…]]> 2020-07-07T17:32:31+00:00 <![CDATA[Telehealth Organizations Face Unique Risks]]> https://risk-strategies.com/knowledge-center/article/telehealth-organizations-face-unique-risks#When:15:23:18Z We live in an age of convenience, and people are leaving their homes less than ever. If someone has the ability to get something done more efficiently through technology, they will. Telehealth has been a rapidly growing industry over the past few years, a trend accelerated exponentially by the COVID-19 outbreak. The consulting firm Mckinsey has found that 76% of health care consumers are now interested in using telehealth, and up to $250 Billion of current US health care spend could potentially be virtualized. New telehealth companies are constantly emerging and existing practices are evolving in response to this trend,…]]> 2020-06-30T15:23:18+00:00