Risk Control

For the first time in years, escalating losses and lawsuits have combined to max out coverage limits on liability policies and increase rates for those with commercial umbrella policies. Additionally, due to inflation, policy limits set at $1 million in 1985 may no longer be enough to cover large claims — especially those that take years to settle.

Get familiar with the trends that contribute to the recent rate hikes, then share our Ways to Help Reduce Hazards and Costs guide with your clients.

According to the National Weather Service, the 2020 hurricane and tropical storm season starts May 15 in the Pacific Region and June 1 in the Atlantic Region of the United States. Advance preparation can help minimize losses due to a catastrophic event. Share our sample action plan with your clients to help them protect their customers, employees and livelihood.

During the past five years, losses due to wind and hail averaged about $15 billion annually; and they’re increasing each year. Wind, tornado and hail storms are growing in intensity and impacting more areas of the country. To help protect your clients’ business as well as your own, it’s important to have safety measures in place before, during and after a storm. View and share our tornado and hail sample action plans.

At Liberty Mutual Insurance, we are committed to safety innovation and solving the workplace safety challenges of tomorrow. We want to help your clients take a proactive approach to safety in the workplace. Share our risk control training calendar with your clients and help them find and register for free webinars and seminars led by risk control technical consultants.

Winter will soon be upon us and when the temperature drops, the threat of blizzards, freezing temperatures, heavy winds and snow rises. When it comes to winter threats, it is important to be prepared and planning ahead may help prevent a weather emergency from becoming a business catastrophe. Our winter storm action plan provides:

• Checklists for pre-storm preparation
• Immediate actions to take before and during a storm
• Recovery steps to take after a storm hits

Share it with your clients to help them get ahead of the threat.

The holiday shopping season has started! Share these helpful resources with your retail clients to help ensure they’re prepared:

• How to Manage Crowds at Your Retail Store
• Parking Lot and Valet Safety
• Retail safety materials on Liberty Mutual SafetyNet^TM​

Want to write more retail business? Check out our retail resources including an underwriting overview and cobrandable marketing resources.

Since 2010, Small Business Saturday spending has reached a reported estimate of $103 billion. Spread the word and tell your clients and prospects all about the biggest event for small businesses on November 30. It’s a chance to engage with new or current customers, cross-sell products or services and grow sales. Help your clients manage big crowds with these handy tips to prepare for the large event. Because November 30 is all about boosting small business!

This October, Liberty Mutual joins the Department of Homeland Security in raising awareness of the importance of cyber security. Cybercriminals are getting more creative with their cyberattacks. One way is targeting businesses through mobile devices. As many as 83% of businesses are said to be at risk from mobile threats. Cyber liability insurance can help businesses recover from a data breach or cyberattack.

Show your clients and prospects 5 Ways to Secure Your Mobile Devices to keep them from being an easy target.

Smaller businesses face larger losses and have a harder time recovering from a data breach than larger organizations. The per record cost of a data breach averaged $150 in 2019 up from 2017 with no sign of slowing down*.

Prepare your clients with risk management tools available through our eRisk Hub Risk Management Portal. Available through Liberty Mutual’s SafetyNet, it contains valuable resources that will help small businesses respond and prepare against future cyber-attacks.

*Ponemon Institute. 2019 Cost of Data Breach

We’re continually adding resources to Liberty Mutual SafetyNet™, the one-stop destination for tools, training, and resources to help your clients improve safety, protect property, and prevent accidents. Have you checked it out lately? View this short video to learn more and stop by for a visit, then start sharing resources with your clients.

Wildfires can strike at any time, but there are precautions a business can take to prevent the spread of fire or reduce the level of damage. By having an action plan, your clients can be ready to respond and help prevent a wildfire from becoming a business catastrophe. Download and share these steps– preparation can be critical in the protection of property and employees.

The hurricane and tropical storm season arrived on May 15 in the Pacific region and will begin on June 1 in the Atlantic region of the United States, according to the National Weather Service. Having a plan in place in advance of possible catastrophic events is a critical safety measure for all of your clients in hurricane-prone areas. Share our sample action plan and help your clients protect their businesses.