16 May 2017 By

It was Dmitri Alperovitch, cofounder of the cybersecurity firm CrowdStrike, who famously said, “There are only two types of organizations: those that know that they’ve been hacked and those that don’t yet know.” According to multiple online news sources, cybersecurity is seen as one of the biggest current threats to businesses worldwide. Juniper Research has projected the cost of cybercrime at $2 trillion globally by 2019. That’s only two years away!

We have already seen how major data security breaches can spell disaster for high-profile companies like Target, The Home Depot and JPMorgan Chase. Target alone reported that the breach of its customer data cost the company upwards of $250 million. Data breaches can be caused by a multitude of commonplace incidents that you may not even give a whole lot of thought to like a leaked password, a disgruntled employee, a lost mobile device or a lack of encryption.

09 May 2017 By


On May 4, 2017, members of the U.S. House of Representatives voted 217-213 to pass the American Health Care Act (AHCA), after it had been amended several times. The AHCA is the proposed legislation to repeal and replace the Affordable Care Act (ACA).

The AHCA needed 216 votes to pass in the House. Ultimately, it passed on a party-line vote, with 217 Republicans and no Democrats voting in favor of the legislation. The AHCA will now move on to be considered by the Senate. It is likely that the Senate will make changes to the proposed legislation before taking a vote. The AHCA would only need a simple majority vote in the Senate to pass. However, unless and until the AHCA is passed by the Senate and signed by President Trump, the ACA will remain intact.

While it’s likely the AHCA will be modified in the Senate, these are the current main impacts to the ACA:

09 May 2017 By


If you’re in the food processing industry and responsible for your company’s quality assurance program, watch out! This year, the Food and Drug Administration (FDA) is poised to take a giant step further toward meeting the safety standards established by the Food Safety Modernization Act (FSMA), which was signed into law on January 4, 2011, but became fully effective just last September. Under the new regulations, the FDA will considerably strengthen its food safety and enforcement protocols, holding all responsible parties to a much higher standard. By including provisions for criminalizing food safety failures, the FDA is demonstrating its intent to go after foodborne illnesses much more aggressively than it has in the past.

By way of background, the FDA began computerized tracking of food contamination through the Reportable Food Registry in 2009. Once companies began systematically reporting their contamination cases, a plethora of high-profile companies were cited including, most notably, Chipotle Mexican Grill in 2015. These outbreaks led to a public and regulatory outcry, which resulted in much stricter regulations. Under FSMA, the FDA now has the power to initiate unannounced inspections, conduct huge retail food testing programs, recall vast product inventories and initiate criminal procedures against offenders—even those with no prior knowledge of the contamination.

02 May 2017 By

riskControl eric

Insurance is all about controlling risk, whether it involves your organization, personnel, property or net income. Identifying these trouble spots and developing effective strategies to minimize risk is one of the critical services your insurance broker can provide your company.

We are all familiar with the concept of insurance: paying premiums to an insurance carrier in exchange for transferring the cost of any losses from the company to the carrier. Your broker can help you uncover not only the best combination of coverage and cost but also manage your company’s risk profile to present it to potential underwriters in the best possible light.

It’s a natural tendency for insurance carriers to try to pigeonhole your business into a neat and tidy category. For workers’ compensation coverage, perhaps your company will be classified as retail, transportation, residential construction or light manufacturing. For property, the category will be based on usage, such as construction, fire prevention or other damage.

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