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Jeffrey Forbes

Jeffrey Forbes
Jeffrey Forbes is a blog contributor specializing in risk, legislation, regulations, and casualty topics for ECBM Insurance Brokers and Consultants. He uses his years of experience as a lawyer in Denver, Colorado to provide in-depth analysis of issues faced by our clients and other business owners. To follow Jeffrey's monthly contributions to our blog, be sure to sign up for our newsletter The ECBM Edge.
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Recent Posts

HAZMAT BASICs And Violations: How Your Company Can Ensure Compliance

The Federal Motor Carrier Safety Administration uses Compliance Safety and Accountability scores to assess the safety of trucking companies and target the most at-risk companies for additional interventions. The CSA scores are composed of seven BASICs (Behavior Analysis and Safety Improvement Category) which attempt to use data available to the FMCSA to pinpoint trucking companies with inadequate safety procedures.

Why Cyber Security Policies And Their Pre-loss Services Is Crucial To Your Business

More and more companies are purchasing cyber insurance as the risks to the company’s businesses from the breach of their networks expand. More companies are also requiring that their vendors and contractors obtain cyber insurance to protect themselves from breaches caused by third parties.  As the cyber insurance market place grows, it’s important for companies to know what they get with their cyber insurance policies to maximize the advantage of their purchase.

Employer Compliance: New Salary Minimum From The Dept of Labor

The Fair Labor Standards Act sets national standards for wage and hour issues related to employees. The law empowers the Department of Labor to set eligibility standards for overtime pay as well as a series of exemptions for it. On March 7th, 2019, the Department of Labor issued a Notice of Proposed Rulemaking that will change those eligibility standards significantly.

Why Professionals Need To Be Careful With Retroactive Dates For Their Pro Liability Policy

 

The failure to understand insurance coverage can create significant gaps in a company’s exposure. Businesses need to make sure they understand the terms of their policies when shopping for coverage to make sure what looks like a good deal isn’t paying a little less money for a lot less coverage. Professional liability policies, also known as errors and omissions coverage, can create some of these issues simply because of the way these policies vary from normal insurance coverage.

The Safety Steps Designed For Trucking Companies And Their Effect On Risk

 

The Federal Motor Carrier Safety Administration was created in 2000 to reduce the number of crashes involving large trucks and tractor trailers.  The FMCSA tackles this approach in a number of different ways.  Some of those ways involve issuing regulations and enforcing those regulations with civil penalties.  But the FMCSA also a mandate to issue educational trainings to carriers and truck drives aimed at improving road safety.

Manufacturers Face Different Risks From A Cyber Breach... Why Protect Your Business Like Others?

Ransomware continues to be a popular tool among hackers and cyber criminals. By locking users out of their own systems, these cyber criminals can extort significant payments from companies who risk losing way more money due to the interruption to their business. Traditionally, the number one target of ransomware attacks has been the healthcare industry due to the incredibly time-sensitive nature of their business. Recently however, hackers have focused their attacks on industrial businesses which is bad news for product manufacturers and physical plants.

Avoiding Expensive Wage And Hour Litigation As Overtime Rates Are Solidified

 

The Fair Labor Standards Act sets national standards for wage and hour issues related to employees. The law empowers the Department of Labor to set eligibility standards for overtime pay as well as a series of exemptions for it. Employees who qualify for overtime under the law receive time-and-a-half pay for hours worked more than forty hours a week. Time-and-a-half pay is a 50% increase to the employee’s “regular rate of pay.”

What Companies Need To Know Before Implementing A Biometric Security Protocol

 

The increased ability to use biometric data for a variety of purposes has the potential to improve security and privacy in the cyber world significantly. Voice recognition software, fingerprint IDs, facial recognition software are all touted as ways of preventing unauthorized access to computer systems and improving security.

After Studying A Year Of ELD Information, What Should Businesses Expect Next?

 

 Trucking regulators at the U.S. Department of Transportation have searched for better ways to enforce to hours of service requirements for quite some time. When electronic logging devices first became widespread, many people at the National Transportation Safety Board viewed them as great ways to reduce accidents and save lives through improved enforcement of existing regulations. Now, a new study was released that throws that logic into question.

The Value Of Connections - Network Connectivity And Interrupted Service Risks For Your Business

How much would it cost your business to shut down for a week? How much would it cost your business to shut down for a month? Employees unable to get work done, unable to complete sales orders or deliver products to your customers? For some businesses, the answer to that question can be in the millions.