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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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Why Small Businesses Need an Annual Insurance Checkup 

Why Small Businesses Need an Annual Insurance Checkup

June 1, 2025
Annual insurance reviews are a critical practice for small businesses. They can help reduce insurance costs while ensuring coverage keeps pace with the company’s evolving needs. Skipping this review can result in coverage gaps, leaving new business services, equipment or locations underinsured—or worse, completely uninsured. When done with the help of an insurance professional, an…
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5 Common Cybersecurity Mistakes and How to Avoid Them

5 Common Cybersecurity Mistakes and How to Avoid Them

May 24, 2025
All organizations, regardless of their size or industry, are at risk of being targeted by cybercriminals. These malicious actors can conduct cyberattacks, leading to significant financial, operational and reputational damage that can be difficult or impossible to recover from. Fortunately, solid cyber hygiene practices can reduce the likelihood of data breaches and other cyber incidents…
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5 Workplace Safety Trends to Watch in 2025

5 Workplace Safety Trends to Watch in 2025

May 17, 2025
Keeping employees safe on the job and minimizing the risk of related accidents and injuries are top priorities within any organization, regardless of size or sector. While certain elements of occupational safety remain constant, others may change and evolve over time. As such, it’s essential for employers to stay on top of the latest workplace…
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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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