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Library Category: Risk Management

On Monday April 8 many Ohioans will experience a total solar eclipse And while the eclipse is exciting it also has public safety implications and could pose problems for area businesses
Any organization that asks employees to drive as part of their work duties should implement a fleet safety program
By 2027 it s expected that 75 percent of all workers will be using shadow IT or software they have downloaded without permission making it difficult for companies to protect against data security risks
Skyrocketing jury awards are one example of how social inflation is driving up insurance costs as more people turn to litigation to resolve claims
If your company is resuming international travel following the pandemic it s important to have a robust international insurance program in place to make sure your employees are protected wherever they go
Insurance companies are becoming more cautious about coverage for businesses that collect and store biometric data in light of recent biometric privacy legislation and judicial action
Employers should be aware of the challenges and complexities that come with testing individuals for marijuana and become familiar with all applicable laws before implementing or enforcing any drug testing or other workplace policies regarding employee marijuana use
In 2020 the National Highway Traffic Safety Association reported 3 142 deaths caused by distracted driving
Businesses should review and limit their use of PFAS or forever chemicals as federal and state restrictions surrounding these substances tighten and insurance coverage for companies using these chemicals becomes more difficult to obtain
Total cost of risk is the cost of both pure and speculative risk It is synonymous with price the price of your risk management program
Employee theft occurs much more frequently than employers realize By taking a few simple steps to ensure honest work practices you can substantially reduce your risk
Although employee well being is typically considered an HR related matter it s also an enterprise risk that directly correlates with a wide range of key business objectives
The COVID 19 pandemic tipped off supply chain issues that may take years to reconcile Now employers are left wondering how they might be able to stay afloat amid unprecedented market uncertainty
Nonprofit organizations provide essential social services that benefit the community and their members However even if your organization doesn t sell a product or generate profit there are still a number of potential risks that can affect your employees assets volunteers directors and officers and most importantly your mission
As a director or officer at your company you face litigation risks based on the decisions you make following a data breach and on how you influence cyber security policies
At Schauer Group we believe that directors and officers liability D O insurance is a fundamental component of any company s risk management program