New England winter storms can be messy, unpredictable, and prolonged. Injuries caused by slipping and falling on snow and ice can be expensive, disruptive, painful and sometimes even tragic for property owners and managers. A proactive plan designed to identify, control and eliminate these losses is the best way to reduce or prevent these accidents.

The largest General Contractors generally have broad General Liability insurance coverage, likely because their size and risk management capabilities created the leverage with insurers needed for successful coverage negotiation. These contractors also tend to use larger national or global insurance brokers having personnel specializing in construction industry insurance and some “clout” with underwriters.

The insurance market is showing signs of hardening and that means carriers are tightening underwriting standards and increasing insurance premiums. Property owners and managers with poor loss experience, who are not proactively managing their claims practices, will suffer the financial impact of this market change on a greater basis than their peers.

The successes of our longstanding client, DC Water, are highlighted in an ACE USA Advisory. ARMC is proud to have played a vital role in the initial feasibility analysis, and to have provided implementation support and independent oversight of the rolling owner controlled insurance program (ROCIP) which has helped DC Water achieve significantly improved safety, streamlined claims handling, millions of dollars in insurance cost savings for their rate payers, and broader participation by MBE, WBE, and LSDBE contractors due to availability of sound insurance protection.

Business Insurance's article "ERM lays foundation for regulatory compliance" features commentary from Joe Underwood of Albert Risk. The article discusses the linkages between compliance strategies and enterprise risk management.

Regions Bank's article "Optimizing Business Risk Response" features commentary from Joe Underwood of Albert Risk. The article discusses the concept of risk appetite and the different categories of risk response.