Risk management refers to dealing with a businesses risks. How they transfer or efficiently self-manage each area of risk is how a company succeeds or fails financially.

Posts

OSHA Requires Jobsite Postings of Form 300A By February 1

OSHA 300A Must Be Posted From Feb. 1st - April 30th

Remember to complete and post OSHA Form 300A, which lists a summary of the total number of job-related injuries and illnesses that occurred during 2015. The form must be posted from February 1st to April 30th, 2016. Fines for not doing so…
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Top Blog Articles for 2015

Based on our analytics, these were the top read Blog Articles of 2015. We put a lot of time and thought into these. We are happy to see the dividends of our efforts. Every year business becomes more and more competitive which is why we must…
Department of financial services

Follow-Up: NY State OKs Naming Entities as Additional Insureds Where Status is Blanket

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On December 18th, The New York State Department of Financial Services told the IIABNY that, where a liability insurance policy contains an automatic or blanket additional insured endorsement, certificates of insurance can name specific additional…
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Owing Money to the New York State Insurance Fund

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We wrote this article to help folks understand what their options are when they want to return to the New York State Insurance Fund, usually because the private marketplace won’t provide coverage due to class of business or poor loss history.…
businessman filling out paperwork

Important Update: Department of Finance New York Warns Not To List Additional Insureds When There’s Automatic Coverage

As of December 14th, 2015 the New York State Department of Financial Services has informed us that insurance producers (Agents & Brokers)  may not list individual additional insureds on a certificate of insurance when the policy provides…
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What To Expect When An Employee Goes Out on Disability

In New York, Short Term disability is an employer required program that pays 50% of pre-disability wages, up to a maximum of $170.00 per week (unless the employer provides additional coverage) to an employee who is unable to work, because of…

Late Reporting of Employee Injuries will Lead to NY Workers Comp Board Fines

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At Metropolitan Risk, our best practice clients understand the critical importance of getting employee injuries into the workers compensation system. Each injury that goes undetected or unreported costs the employer up to 39% more for the same…

Event Planning & Event Management

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Risk Insights & Takeaways Event organizers must shoulder a significant burden—they have full responsibility for balancing health, safety, and fun at their events. That means they are also culpable for any event-related health and safety…

Understanding the Difference Between Cost of Risk & Cost of Risk Financing: An Untapped Competitive Advantage

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If you are like most small to mid-sized organizations (under $1 billion in sales) then you should be prepared to define these two terms and understand their consequences for your business. Risk Financing is a fancy term for insurance. Think…