Cyber Insurance Trends

The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business interruption risk, are turning to the cyber insurance market for protection,” according to Tom Reagan, U.S. Cyber Practice Leader for global insurance broker…

Maryland Legislative Update 2019

The 2019 General Assembly session is officially over. The Maryland Condominium Act and Homeowner Act were not revised in this session and there are no new regulations to report. The Maryland Legislative Action Committee of the Community Association Institute worked on supporting 19 pieces of legislation and opposing three. Several pieces of legislation revolved around…

Understanding Total Cost of Risk

Risk exists everywhere in business. One of the biggest mistakes that companies make is assuming that the cost of risk only involves their insurance premiums paid, retained losses and administrative costs. However, the total cost of risk encompasses much more than that. While a risk management program can be an effective method for controlling risk,…

Avoid Construction Vibration Damage

Understanding the science behind vibration damage can help construction companies avoid costly, and frequent, construction losses. The cost can be more than financial, putting the reputations of construction companies at risk, as one contractor learned. Vibration from bridge construction activity damaged a house, according to a lawsuit filed by a nearby homeowner. The lawsuit threatened…

7 Daily Habits of Great Leaders

When you think about the accomplishments of great business leaders, the scope of their achievements may seem intimidating. But that doesn’t mean that you can’t learn from them in order to become a better leader yourself. Let’s examine some habits of great business leaders that you can adopt to strengthen your leadership skills. When practiced…

Fatigue: A Job Site Hazard

A recent survey by the National Safety Council found that 69 percent of workers feel fatigued at work, exposing themselves to on-the-job accidents and injuries. The workers facing the most risk of fatigue-related accidents are those who do shift work, particularly in industries like construction. In fact, 100 percent of construction workers surveyed reported experiencing…

Check Your Own Boat

Warmer weather is here! Is your boat ready for the season?  The Virtual Vessel Examiner is a free online tool that walks you through a full self-inspection of your recreational boat. From proper display of your registration number to how many Visual Distress Signals you need on board, this interactive checklist keeps you compliant with…