risk management Archives - Page 2 of 3 - Kapnick Insurance Group

Oct 03

The Power Trio: Gap, Premium, and Exposure Analysis in the Manufacturing Industry

By Kapnick Insurance Group Business Insurance, From the Experts

Today, let's dive into the world of risk management in the manufacturing industry. In particular, I want to highlight the importance of gap, premium, and exposure analysis - a power trio that can significantly influence a company's financial security and operational stability. (more…)

Aug 22

Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

Navigating the intricate landscape of the manufacturing industry, especially when it comes to risk management, requires a deep understanding and specialized coverage solutions. Here's where Kapnick Insurance shines. As part of our ongoing commitment to provide industry-specific insights, we're excited to share our 2023 Manufacturing Benchmark Report. (more…)

Aug 21

Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation

By Kapnick Insurance Group Business Insurance, Legislative Updates, Risk Solutions

In a landmark decision, the Michigan Supreme Court has recently overruled decades of case law regarding the open and obvious defense in slip and fall litigation. This ruling has far-reaching implications for property owners, as it eliminates a commonly used defense strategy. It is crucial for business leaders to understand the implications of this decision and take proactive steps to address the issue. Kapnick can help. (more…)

Aug 15

Key Construction Industry Trends for 2023 and Beyond

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance, Kapnick News, Market Forecast

There is an abundance of information concerning the evolving trends in the construction industry. From our recent Benchmark Report, I've identified four key trends that are particularly relevant as we look towards 2023 and beyond. (more…)

Aug 08

Implications of Michigan Supreme Court Overruling Open and Obvious

By Kapnick Insurance Group Business Insurance, Risk Solutions

The recent ruling by the Michigan Supreme Court to eliminate the open and obvious defense in premises liability cases has significant implications for property owners. This ruling removes a common defense used to avoid liability, potentially leading to more cases being filed and higher litigation expenses for property owners. To prevent financial losses in premises liability cases, property owners need to take proactive steps and implement effective safety measures. Here's what you need to do: Conduct regular inspections and maintenance checks on all areas of your property, both inside and outside. Proactively identify potential hazards through regular assessments to address…

Jul 28

The Power of Accurate Property Valuations

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance

Understanding your property's value is key to safeguarding your investment. At Kapnick Insurance, we're here to help you understand and capitalize on the power of accurate property valuations. (more…)

Jun 27

2023 Market Update: Navigating Insurance Challenges

By Kapnick Insurance Group Insurance Update, Market Forecast

As we move through 2023, the insurance market landscape is undergoing significant changes. From health and auto to life and property insurance, leaders must adapt to shifting trends and challenges. In our 2023 mid-year market update, we'll explore key developments and offer insights on how to stay ahead of the curve. (more…)

May 23

Streamlining Risk Management with Parametric Insurance

By Kapnick Insurance Group Business Insurance, Specialty Insurance

Parametric insurance is quickly becoming a popular option for those looking to manage their risk in an efficient and cost-effective way. This innovative form of risk transfer provides policyholders with immediate financial payments triggered by pre-defined events or conditions, rather than (more…)

Apr 19

The Value of Tracking Employee Training – A Kapnick Case Study

By Kapnick Insurance Group Business Insurance, Case Studies, Risk Solutions

A Kapnick client avoided over $10k in OSHA fines due to having tracked employee training progress prior to an incident. Read our case study to learn how: THE PROBLEM A manufacturing client's employee removed a guard on a piece of line equipment and amputated her finger. She called OSHA to (more…)

Apr 19

Streamline Training & Tracking with Kapnick’s Risk Services Center

By Kapnick Insurance Group Business Insurance, Risk Solutions

Successfully managing the hundreds of potential risks in your organization is essential for long-term growth. Streamlining tracking risks, training employees to prevent them, and finding solutions before they occur is key to avoid worker injuries - and the citations, fines, lawsuits, and workers' (more…)

risk management