News


APRIL 2021 – Risk Management – Supply Chain Disruption Lessons from Pandemic

BESIDES THE health and economic devastation that the COVID-19 pandemic has left in its wake, it has also caused supply chain disruptions that have affected a number of industries. The fallout for companies of all types illustrates the fragility of most businesses’ supply chains. The pandemic has left retailers with half-empty shelf space because product …

APRIL 2021 – Social Engineering Crime – Business Compromise Scams Growing Fast

BUSINESS COMPROMISE scams that use both technology and a human touch to steal funds from businesses are growing as criminals engage in social engineering tactics to dupe unsuspecting employees. Businesses have lost millions of dollars to social engineering scams, where attackers impersonate a company president or executive who is authorized to approve wire transfers to …

APRIL 2021- Cyber Insurance – As Attacks and Costs Mount, Rates Climb Higher

CYBER INSURANCE rates are going to increase dramatically in 2021, driven by more frequent and more severe insured losses, according to a recent industry study. The report by global insurance firm Aon plc predicted that rates would jump by 20% to 50% this year due to two main factors:   1. Cyber attacks are becoming …

April 2021 – Stimulus Plan Expands Business Assistance

THE $1.9 TRILLION American Rescue Plan Act (ARPA) that President Biden signed into law on March 11 contains a number of provisions intended to help small businesses and other organizations hurt by the pandemic. Foremost, it includes additional Paycheck Protection Program (PPP) loans to struggling businesses, and a number of special grants to companies in …

December 2020- EMERGENCY REGULATIONS – COVID-19 Workplace Safety Rules Take Effect

THE CAL/OSHA Standards Board has approved new emergency regulations that will impose strict rules on employers to implement safeguards in order to reduce the risk of COVID-19 spreading in the workplace. The sweeping rules extend the reach of protections to employer-provided housing and transportation, as well as THE CAL/OSHA Standards Board has approved new emergency …

December 2020 – COVERAGE ISSUES – Your New Year Insurance Checklist

AS 2021 gets underway and while you’re making New Year’s resolutions, you should also resolve to review the state of your business’s insurance program. The best way to do that is to start by reviewing your enterprise’s activities in the past year and how they may affect your insurance policies in the new year. What …

Worker’s Compensation – COVID-19 Prompts Rate Hike Recommendation – OCTOBER 2020

THE COVID-19 pandemic seems to have reversed years of falling workers’ compensation rates in California, as the Workers’ Compensation Insurance Rating Bureau has recommended that average benchmark rates be increased by 2.6% for 2021. The recommendation was forwarded to the California Department of Insurance, which will schedule a hearing on the recommendation in the fall. …

New Law Creates COVID-19 Claim Framework – OCTOBER 2020

GOVERNOR GAVIN Newsom has signed legislation that creates a new framework for COVID-19- related workers’ compensation claims. SB 1159 replaces an executive order that Newsom made on March 18 that required all employees working outside the home who contracted COVID-19 be eligible for workers’ compensation benefits if they file a claim. The new law expands that rebuttable presumption” that a coronavirus case is work-related to front-line …