Average Data Breach Cost Hits All-time High of $4.4M
According to IBM’s annual Data Breach report, the average cost of a data breach reached an all-time global high of $4.45 million, up 2.3% from 2022 and 15.3% since 2020. […]
Contractual Risk Transfer Explained
Contractual risk transfer (CRT) is a risk management mechanism that can be utilized by many businesses. It involves shifting potential liability through a non-insurance contract or agreement and is intended […]
4 Benefits of a Safety Shoe Program
A corporate safety footwear program is an effective method for protecting employees by significantly reducing slips and falls. In fact, companies who invest in a workplace safety program see at […]
How to Manage Business Risks
A vital aspect of running a small business involves managing its associated risks, as no operations are immune to internal or external threats. A risk management plan involves implementing various […]
Behavior-based Safety Explained
It’s critical for safety to be at the forefront of any organization, regardless of size or industry. By upholding a safe work environment, organizations can minimize the risk of costly […]
Manage Cost of Risk, Control Price
Every facet of your organization impacts your cost of risk. Regardless of the type of business you run, many find it difficult to quantify their true cost of risk because […]
How to Interact with an OSHA Inspector
The best way to avoid paying fines for violating Occupational Health and Safety Administration (OSHA) standards is to always be prepared for an inspection. Since an OSHA officer has no […]