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Should You Revisit Insured Property Value Estimates?

Risk Management Monitor

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. On the other hand, performing an appraisal (which insurers typically consider the “gold standard”) can provide much-needed accuracy and thoroughness, but will require a greater commitment of time and resources.

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Hurricane Risk Management: Key Considerations Before and After Storms Strike

Risk Management Monitor

The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. If a hurricane impacts your business, implement your disaster recovery plan. Read the Fine Print.

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Testing, Testing: Our Best Blogs on BC Testing and Mock Disaster Exercises

MHA Consulting

They can benefit organizations by helping keep the recovery team personnel sharp and making business continuity part of the organization’s culture. Many companies limit their disaster recovery drills to tabletop exercises, which are the least realistic and least demanding type of BC drills.

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Testing, Testing: Our Best Blogs on BC Testing and Mock Disaster Exercises

MHA Consulting

They can benefit organizations by helping keep the recovery team personnel sharp and making business continuity part of the organization’s culture. Many companies limit their disaster recovery drills to tabletop exercises, which are the least realistic and least demanding type of BC drills.

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The 2023 Hurricane Season Outlook

Risk Management Monitor

Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE As the hurricane season gets underway, the following tips can help businesses update and strengthen natural disaster recovery plans: Review your business interruption insurance. Update your current disaster recovery plan.

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Unprecedented Wildfires Devastate Canada, Leave Eastern U.S. Blanketed in Smoke

Risk Management Monitor

For businesses, take this as a reminder to examine how your organization will handle fallout from wildfires, for example, reviewing your property insurance, business interruption coverage, disaster recovery plans or emergency communications procedures.

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5 Good reasons to prioritize your backups

Online Computers

It helps in disaster preparedness. In the event of a disaster, your business must see to it that your people and processes are secured. So apart from guaranteeing the safety of your staff when disaster strikes, you also need to ensure business continuity.

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