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Ridgemark Insurance Services
Ransomware Escalates: Physical Threats Against Company Leaders
A new survey has found that in 46% of ransomware incidents in the U.S., CEOs or other executives were physically threatened if their organizations did not pay the ransom demanded by hackers. The findings in Semperis' "2025 Ransomware Risk Report" highlight other...
Multi-Unit Facilities Get Better Deal from FAIR Plan
The California FAIR Plan on July 25, 2025, started offering a new "high-value" commercial property coverage option for larger housing developments, farms and businesses with multiple buildings at one location. The new limits are up to $20 million per building, with a...
How to Implement an Effective Safety Incentive Program
Although not required by OSHA, some employers have shown that one of the best ways to positively motivate employees is through a safety incentive program that rewards safe behavior and participation in workplace safety efforts. These programs need not be complicated,...
How New U.S. Trade Policies Affect Insurance Costs
President Trump's sweeping return to tariff-heavy trade policies in 2025 is sending ripples across the economy, including the cost of property insurance claims. The latest round of tariffs, which include steep duties on imported construction materials and auto parts,...
How to Prepare for Rolling Blackouts
As wildfire seasons grow longer and more intense due to rising temperatures, utilities in high-risk areas are increasingly using public safety power shutoffs to prevent fires sparked by electrical equipment, one of the leading causes of wildfires. These proactive...
Insurance Commissioner Approves Workers’ Comp Rate Increase
California Insurance Commissioner Ricardo Lara has ordered an 8.7% average advisory pure premium rate hike for policies incepting on or after Sept. 1, 2025. The rate follows a substantial uptick in claims and claims adjustment costs over the past four years, resulting...
How Fleet Managers Can Combat Distracted Driving
For companies that rely on fleets of vehicles to deliver goods, transport equipment or provide services, distracted driving is a risk that can pose an existential threat to the company. Collisions resulting from inattentive driving can lead to serious injuries, costly...
OSHA Updates Its Inspection Targeting Plan
The Occupational Safety and Health Administration has overhauled its Site-Specific Targeting (SST) inspection program, marking a major shift in how the agency identifies and prioritizes workplaces for inspection. Effective May 20, 2025, the new guidance applies to...
Review Your Property Coverage Limits as Construction Inflation Continues Apace
Rapidly rising commercial building construction costs could result in your facility being underinsured if you suffer a major loss and haven’t increased your insurance policy replacement cost limits lately. Your policy has a maximum amount it will pay to rebuild your...
How to Prepare for Blackouts During Wildfire Season
During wildfire season, utilities with equipment in at-risk areas will often cut power during high-wind events to reduce the risk of ignition from downed power lines. While the practice can prevent a fire from starting, it can put businesses in a bind by hampering...