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Category: Risk Management

The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

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Management Liability Focus - Corporate Recordkeeping Best Practices

Corporate Recordkeeping Best Practices

May 3, 2025
As corporate leaders, a company’s directors and officers have a range of responsibilities, many of which center around ensuring operational success, fostering a strong organizational culture, and complying with applicable federal and state laws. One of the most essential responsibilities these leaders have is keeping detailed and accurate corporate records. Such records encompass various types…
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Navigating Cybersecurity Challenges in the Education Sector

Navigating Cybersecurity Challenges in the Education Sector

April 27, 2025
Educational institutions, including K-12 schools and universities, are frequent targets of cybercriminals. These organizations often possess vast stores of sensitive data, operate with limited cybersecurity resources and rely on outdated infrastructure. As a result, cyberattacks in this sector have led to significant financial, operational and reputational damage. Given these risks, leaders at these institutions should…
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Supreme Court Ruling May Lead to More Fiduciary Lawsuits under ERISA

Supreme Court Ruling May Lead to More Fiduciary Lawsuits under ERISA

April 19, 2025
On April 17, 2025, the U.S. Supreme Court ruled that a group of employees may challenge their employer’s fee arrangement with a retirement plan service provider under the Employee Retirement Income Security Act (ERISA). In its unanimous decision, the Supreme Court took an employee-friendly view of statutory text and simplified the requirements for alleging a…
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Key Manufacturing Trends to Watch in 2025

Key Manufacturing Trends to Watch in 2025

January 26, 2025
As 2025 begins, manufacturing businesses must be mindful of the trends impacting the industry. Monitoring the latest developments and appropriately adjusting operations and risk management practices in response to them is crucial, as each significantly impacts the success and public perception of a business. Trends to watch in the upcoming year include:  Talent  Recruiting and…
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Supporting Mental Health for Safer Workplaces

Supporting Mental Health for Safer Workplaces

December 27, 2024
Mental health issues, such as stress and anxiety, often lead to distractions, reduced attention to detail and slowed reaction times, increasing the risk of workplace accidents. Similarly, depression and fatigue can also lead to mental exhaustion, impaired judgment and reduced decision-making abilities, further amplifying safety risks.  Taking proactive measures to support employees’ mental health can…
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Parking Lot Safety

Parking Lot Safety

December 1, 2024
A safe parking lot is an important but often overlooked part of a business’s risk management plan. A well-maintained lot helps prevent injuries, minimizes liabilities and contributes to a positive customer experience, strong reputation and improved employee morale. While safety efforts often focus on commercial buildings, it is equally important for business owners to ensure…
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Mitigating Supply Chain Risks

Mitigating Supply Chain Risks

November 24, 2024
Consumers have come to expect numerous options, instant shipping and fast delivery, making a smoothly operating supply chain essential. However, the nature of supply chains can lead to unexpected bottlenecks, delaying production or shipments and impacting an organization’s ability to meet customer demand. These delays can also disrupt cash flow and damage customer loyalty as…
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Navigating Employer Risks of Hosting a Company-sponsored Party

Navigating Employer Risks of Hosting a Company-sponsored Party

November 16, 2024
Workplace celebrations can help create an enjoyable workplace, resulting in high morale and low turnover rates. These events can provide an excellent opportunity for employees to network and socialize with their co-workers in a fun environment. However, work-related parties and events present several safety and liability risks that business leaders need to address to ensure…
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The Fake TSA Precheck Email

SCAM OF THE WEEK: The Fake TSA Precheck Email

November 9, 2024
Many air travelers turn to TSA PreCheck for its quickness and ease. TSA PreCheck is a US airport screening program that allows you to get through airport security with fewer steps and without waiting in long lines. But cybercriminals take advantage of this tool to trick travelers. In this scam, you receive an email that…
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Small Buisness Insights - Protecting Your Business from Lawsuits

Protecting Your Small Business From Lawsuits

November 5, 2024
Small businesses in all industries face the potential of lawsuits. These disputes can require substantial money, time and effort, and they can damage a company’s reputation, regardless of the case’s merits or outcome. Considering these ramifications, it is vital for business leaders to take steps to limit the probability of lawsuits being filed and to…
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