Risk & Business

If identifying risks wasn't hard enough, add meteors to the list. That's right, I said meteors! After the meteor explosion in Russia and the recent one in the northeast, it is apparent that..."hey, it could happen". The good news is that no fatalities were reported. However, hundreds of people were injured, mainly due to shards of glass. Due to the large amount of broken glass, estimates for damages is to be over $30 million. Wow !  In most case, property policies should cover this type of event. Hopefully, these meteors will continue to be very rare. Let's face it, there's already enough risk to consider so we don't need to worry about falling objects from space. Well, until next time, be careful out there and know your risks. G. Kevin Nemith President, CNC Insurance Associates Proudly serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey. www.cncinsurance.com www.bizinsurancetv.com 

The Growing Risk Concerns of Nanotechnology Nanotechnology is everywhere. From our cell phones we use to communicate to the shirts we wear on our backs, one can say nano is universal. There are thousands of businesses in the US  that use nanotechnology, and the technology is very big business. However, since nano is relatively new, little is know of the potential risks. Recently, studies have been conducted to determine if there are health risks associated with these materials. While there seems to be some evidence of potential risks, many companies may need to take steps now to guard against the probability of those risks. A large number of those risk would most likely be to the end user of the products that are made and sold. Employees may also be at risk.  As business owners, we need to do our own research into our products and operations to assess the potential risks of nano technology. Well,...