In 2017, the WannaCry ransomware attack, Equifax data breach and other large-scale cyber incidents demonstrated the dangers of cyber crimes, and the data stolen from those incidents will continue to endanger businesses and consumers for years. Additionally, in early January, researchers announced the Meltdown and Spectre processor exploits, which hackers can use to steal data from nearly every computer and mobile device.
With today’s emphasis on corporate transparency and accountability, an organization’s directors and officers face a countless number of exposures. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers.
All employers who are required to keep and maintain an OSHA Form 300 injury and illness log are required to post their OSHA Form 300A summary sheet in their workplaces by Feb. 1, 2018.
Some of the most disruptive and costly claims are a result of water damage from broken pipes. Follow these tips to avoid these potentially devastating claims.
Preparing for winter storms is crucial to survival and safety. Become familiar with winter storm warning signals so you can take appropriate action and learn the dangers of winter ailments so you can avoid injury.
Winter Weather Warnings
Familiarize yourself with the following weather alerts so you know what actions you may need to take:
- Winter storm watch: Be alert, a storm is likely
- Winter weather advisory: Experts expect conditions to cause significant hazards, especially to motorists
- Frost/freeze warning: Experts expect below freezing temperatures and damage to plants, crops or fruit trees
- Winter storm warning: Take action, a storm is entering—or is already in—the area
- Blizzard warning: The combination of snow and strong winds will produce blinding snow, near zero visibility, deep drifts and life-threatening wind chill—seek refuge immediately
Preventing Cold Weather Injuries
To prevent serious injury from extreme cold, which could result in death or permanent damage, do the following:
- Select proper clothing for cold, wet and windy conditions and layer clothing when possible, making sure to include layers that repel moisture away from the skin.
- Take frequent breaks in warm, dry shelters when possible.
- Avoid over-exerting yourself, as your body needs this energy to keep its muscles warm. Work in pairs when it’s cold to share the load and watch for warning signs of frostbite or hypothermia.
- When you know you will be exposed to extreme cold, prepare yourself warm, sweet beverages to drink and warm, high-calorie foods to consume. Avoid drinks containing caffeine or alcohol.
Other Winter Storm Hazards
Be on the lookout for the following winter storm hazards:
- Adverse driving conditions, such as low visibility and slippery roadways
- Icy walkways and sidewalks, which could cause slips and falls
- Falling objects like icicles, tree limbs and utility poles
- Electrocution due to downed power lines or downed objects in contact with power lines
- Exhaustion, dehydration and back injuries from conducting manual labor in the snow
143 Million People Potentially Affected in Equifax Data Breach
Equifax, one of the largest credit reporting agencies in the United States, was recently the victim of a massive cyber attack—an attack that may have compromised the personal information of 143 million people.
The breach itself occurred between mid-May and July 2017 when cyber criminals gained access to sensitive data by exploiting a weak point in website software. As a result of the attack, sensitive information like Social Security numbers, birthdays, addresses and driver’s license numbers were compromised. In addition, Equifax said 209,000 credit card numbers were stolen, including information from international customers in Canada and the United Kingdom.
It’s been 10 years since a devastating hurricane has hit the Southeast.
There are many property owners and managers whose careers began in the region since the last massive storm. These professionals — relatively new to the industry — may be unfamiliar with what they must do to prepare for the storm season, and the repercussions that are totally unfamiliar.
Even those who were in business more than 10 years ago often need a reminder of how catastrophic a major storm can be. And of course, the individual homeowner must also be fully aware of what he or she must do.
Part of our firm’s signature assessment with each business we work with is to identify their exposure to loss to deliver risk management and insurance solutions.
Most business owners will proclaim, “We have a safety program!”. When diving deeper into the conversation, it becomes apparent that while they want a safe work environment for their employees and talk about being safe with their team, a formal written safety program is missing.
Having a formal written safety program that is constantly re-inforced is essential to a solid risk management strategy.