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Essential Elements of Cyber Hygiene

Essential Elements of Cyber Hygiene 1024 535 Dominion Risk

As cyberattacks become more frequent and severe, it’s increasingly important for organizations to practice good cyber hygiene—habitual practices ensuring critical data and connected devices are handled safely—to minimize their digital exposures. Some consequences of poor cyber hygiene include: Security breaches Data loss Software vulnerabilities Antivirus weaknesses Here are some essential elements of cyber hygiene for organizations to consider: Passwords—Employees should be required to create strong and complex passwords and avoid sharing or using the same…

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Commercial Property Insurance 2022 Midyear Market Outlook

Commercial Property Insurance 2022 Midyear Market Outlook 1024 537 Dominion Risk

The commercial property insurance market has hardened in recent years, with consistent rate increases since the third quarter of 2017. These rate increases were evident in the beginning of 2022, with first-quarter rates rising by an average of 7.6%, according to industry data. Similar pricing trends occurred in the reinsurance markets during the same period through moderate, single-digit rate increases for most carriers. Yet, it’s important to note that some insureds may have encountered above-average…

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Fuel Efficiency Best Practices for Fleets

Fuel Efficiency Best Practices for Fleets 1024 538 Dominion Risk

Improving the fuel efficiency of a company’s fleet of vehicles can have many financial and environmental benefits, especially with fuel prices on the rise. Fuel can be one of the largest and most difficult expenses to predict and control. Vehicle fleet managers must conserve fuel, maximize efficiency and reduce vehicle emissions by implementing fuel-efficient policies, technology, and maintenance strategies. Best Practices Managing a fleet’s fuel usage—even for just a couple of vehicles—can feel overwhelming. The…

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Trench Safety Stand-Down Week, June 20-24

Trench Safety Stand-Down Week, June 20-24 600 400 Dominion Risk

On average, two workers are killed every month in trench collapses. As employers, it is our responsibility to provide a safe workplace, free of recognized hazards that may cause serious injury or death. By instituting safe work practices and procedures while excavating and working in trenches, we can prevent needless worksite injuries. Defining an Excavation and Trench An excavation is any man-made cut, cavity, trench or depression in an earth surface formed by earth removal.…

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2022 Workers’ Compensation Insurance Market Outlook

2022 Workers’ Compensation Insurance Market Outlook 1024 536 Dominion Risk

Unlike other lines of coverage, the market for workers’ compensation insurance has remained stable across most states and industries, performing as an outlier by producing profitable underwriting results. According to the National Council on Compensation Insurance (NCCI), the private carrier combined ratio for workers’ compensation in 2020 carriers was 87, up from 85 in 2019, marking the seventh consecutive year of underwriting profit. Nevertheless, there are still trends that could pose concerns within the market…

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Toye Oshoniyi of Dominion Risk Advisors Featured on The Agent Leader Podcast

Toye Oshoniyi of Dominion Risk Advisors Featured on The Agent Leader Podcast 1024 535 Dominion Risk

Toye Oshoniyi was the featured guest on the most recent episode of The Agent Leader Podcast with Brent Kelly. Oshoniyi, a risk advisor on the Dominion Risk team, shared his experiences on the path to this career and how the past couple of years have impacted him. Here’s a snippet of what you’ll hear: Brent Kelly: I want to ask it again, in your short career in the insurance world at this point, what have…

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