Risk Management for Hotels
Owning and operating a hotel can be a rewarding endeavor. However, hotel operators have to manage numerous exposures related to lodging, and many offer amenities—including pools, exercise facilities, bars and restaurants—that can dramatically increase the number of insurable risks. The list below provides an overview of these hotel risks and more, helping you identify potential blind spots in your risk management and insurance programs.
Plan for Safe Foreign Mission Trips
Preparing for foreign travel can be a daunting task, and it may be even more overwhelming to plan a trip for a large group as part of a religious or nonprofit organization. Use these tips to make sure you have all your bases covered in terms of safety before taking off. Though no one likes to think about it, you should always be prepared for the worst possible scenario while traveling
Alternate Funding: Captives
It has become increasingly important for employers to offer some form of an employee benefits package in order to attract and retain a strong workforce. Additionally, employers may want to protect their company from the risks associated with offering employee benefits. While employers have traditionally insured their employee benefits risks through an outside insurance carrier, the increased demand for employee benefits has resulted in an inflation of costs associated with insuring employee benefits risks. Because of this, many employers have opted to cut out insurance carriers altogether and instead fund their group employee benefits risks with captives.
Protect Yourself With Surety Bonds
The way project owners evaluate and manage risks on construction projects and make fiscally responsible decisions to ensure timely project completion are crucial to their success. Since private owners cannot afford to gamble on a contractor whose reliability is uncertain or who could end up bankrupt halfway through the job, a surety bond is a great safety net for the investment.
Emergency Response Safety for Schools
Most school districts and individual schools have emergency management plans in place. However, they are not always practiced regularly, coordinated with community resources, updated regularly or based on factual data and circumstances. As a result, when schools and districts find themselves in situations that merit an emergency response, they are often left unprepared. Having a solid emergency response plan in place is essential, as emergencies of all shapes and sizes occur in schools on a daily basis, and these incidents can have lasting physical, emotional and educational ramifications.
Disaster Response Plans for Manufacturing Businesses
Your business needs to be prepared for anything so that it can survive even the most unexpected disaster. Though terrorism may not seem likely, it is still a viable threat that you must consider, particularly if your manufacturing facility is in or near a large city. You also must consider more tangible, common risks, such as criminal activity or natural disasters. To protect your company against such threats that could strike at any time, it is important that you have effective security preparation and disaster response plans.