Risk Management Monitor
NOVEMBER 8, 2021
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.
Disaster Preparedness
FEBRUARY 4, 2017
This may be easier said than done, since most drug insurance programs limit the amount you can obtain. Uncle Sam and Your Meds The government does even recommend you keep a small extra supply of medicine in case of a disaster. Try telling that to your insurance company though. Tell them you need an extended supply for a trip.
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Risk Management Monitor
AUGUST 30, 2021
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. Before doing so, reach out to your insurance broker who can help guide you through this process.
Risk Management Monitor
DECEMBER 17, 2021
While Karen Clark & Company has estimated that the insured loss from the tornado outbreak will be about $3 billion, and credit rating agency Fitch predicted that losses would total $5 billion, Dr. Joel N. Businesses and risk professionals should prepare now for more frequent and intense weather events.
National Center for Disaster Prepardness
FEBRUARY 7, 2025
In the private sector, insurance companies such as Allstate and State Farm leverage AI-powered object detection to streamline post-disaster claims processing and enhance the accuracy of damage assessments. Remote Sensing, 14(2), 382.
Risk Management Monitor
NOVEMBER 11, 2021
Like insurance, it enables braver decisions and more courageous action. “A business’s risk operations are an essential component of building ESG into the organization—often they are the driving force.” Executives rely on their insight to power their decisions and navigate the pitfalls of new challenges.
Online Computers
AUGUST 19, 2022
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. It gives you peace of mind.
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