May 2, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Since big companies such as Target, with nearly 2,000 stores in the U.S., and Equifax, with more than $3 billion annual revenue, are targeted by cybercriminals, one might think small businesses would not need cyber liability insurance. This could not be farther from the truth. Unfortunately, small businesses also are targeted with depressing frequency. According […]
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10 Traits Of An Effective Risk Management Outsourcing Partner
October 15, 2018 / by KMRD Partners / Blog, From Keith's Desk, In the News / 0 comments
Use this as a guide to help you choose the best risk management outsourcing partner that will best fit your company. Some risks are worth taking, while others simply aren’t. Your company’s risk control process should be placed within the latter group. This is no place for amateurs. By hiring an effective risk management outsourcing partner, your […]
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The Basics Of Arc Flash; And Why You Really Don’t Want To Perform The Arc Flash Hazard Analysis Yourself
October 1, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Risk Control
By Glenn Eglinton and Bob Dietzel, ARM, CIC Hotter than the sun, with temperatures that soar as high as 35,000°F, the “arc flash” produces a blinding flash of light – followed by a dynamite-level explosion – that can vaporize metal and seriously injure anyone in its path. In this article, we’ll explain the arc flash and […]
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New Delaware Law to Require Sexual Harassment Prevention Training Program; What You Need to Know to Secure Your Business
September 18, 2018 / by KMRD Partners / Blog, From John's Desk, Human Capital & Benefits Solutions
By John E. Garber, Jr., SPHR, SHRM-SCP The State of Delaware joins a list of states mandating sexual harassment prevention training; KMRD recommends all Delaware employers provide interactive training as part of a comprehensive employment practices risk management program. On August 29th, it was announced that the State of Delaware has joined a growing list of […]
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Important Insurance Related Provisions within Commercial Contracts
August 30, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk / 0 comments
Your insurance professional should review the insurance provisions in your contracts prior to signing the documents. Why? Because the insurance-related risks are not always obvious and may result in a costly uninsured surprise. Well-negotiated contracts can be the least expensive and most effective way to mitigate or transfer risks. However, contracts with customers, suppliers, and […]
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Home Business Insurance: What Do I Need to Know?
August 7, 2018 / by KMRD Partners / Blog, From Tom's Desk / 0 comments
Do you really need home business insurance? For most, the answer is “yes”. Here’s what you need to know. A survey fielded by a national alliance of business owners and their employees who offer insurance and financial services products has indicated almost 60 percent of home-based businesses do not have proper home business insurance coverage. […]
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The Benefits of Enterprise Risk Management
June 28, 2018 / by KMRD Partners / Blog, Risk Control / 0 comments
The benefits of enterprise risk management provide company leaders and other stakeholders with a structured intellectual framework to help plan for and cope with the vicissitudes of a constantly shifting business environment. The benefits of Enterprise Risk Management (ERM), a plan-based business strategy, enable business executives and senior staff members to achieve key organizational goals: Identify potential […]
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The Rise of the Distracted Driver; And Why Corporate Auto Insurance Rates Are Going Up
May 23, 2018 / by KMRD Partners / Blog, From Gerry's Desk / 0 comments
With over 6 million auto accidents occurring annually, many claims managers feel overwhelmed by the number of resulting claims. In this blog post, we’ll discuss distracted driving and potential implications – and provide you with a few tips on how to lower your corporate auto insurance rates. As automobiles increasingly double as entertainment centers, telephone […]
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Cyber Liability Insurance: Four Ways to Safeguard Your Small Business
May 2, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Since big companies such as Target, with nearly 2,000 stores in the U.S., and Equifax, with more than $3 billion annual revenue, are targeted by cybercriminals, one might think small businesses would not need cyber liability insurance. This could not be farther from the truth. Unfortunately, small businesses also are targeted with depressing frequency. According […]
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Eliminate Workplace Hazards: Five Steps Every Business Should Take
April 15, 2018 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Most risk and insurance professionals know how to recognize and eliminate workplace hazards. As in most things, an ounce of prevention is worth a pound of cure. Five Steps to Eliminate Workplace Hazards Step 1 – Know a real hazard when you see one Before you can identify and eliminate workplace hazards it’s important to recognize the difference […]
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The Importance of Making Informed Decisions: A Basic Overview of Enterprise Risk Management (ERM)
April 5, 2018 / by KMRD Partners / Blog, From John's Desk, Human Capital & Benefits Solutions
By John E. Garber, Jr., SPHR, SHRM-SCP There are a few pitfalls associated with the “traditional” risk management approach. In the traditional approach to risk management, there is one-dimension assessment of risk, loss prevention and insurance. Risk is managed in a “siloed” manner and is typically reactionary. Risk is considered in “negative” terms. The alternative approach […]
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