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Risk Management

PSA’s core values are centered in the understanding that PSA grows when our clients grow and that our success is tied to the success of our clients. We have found that many of our competitors under-serve their clients in the areas of risk management and claims advocacy. PSA has built our firm by attracting and retaining the best internal talent with strong expertise in all lines of commercial insurance and risk management. Our team of specialists in Risk Control and Claims Advocacy bring first-hand industry knowledge and experience to the table in the areas where industry expertise is most meaningful.

We believe that our Risk Management specialists working with outsourced, hand-selected experts, well versed on all topics related to your industry, will meet your needs and interests. This collaborative approach is unique to PSA and differentiates us from some of the larger national/international firms that typically use their local in-house generalists in these important roles. Our goal is to maintain a network of independent specialists, and carefully select the most suited professionals with the right knowledge and experience, to best service our accounts.

Areas of Risk Management

Recent Blog Posts
Cyber security

Autopsy of a Cyber Nightmare: How to Protect Your Business

It’s Sunday afternoon. You’re watching football with friends. Or, maybe you’re at a family party. Meanwhile, somewhere in a rack of servers at your business, there is a fan, screaming like a banshee. It’s been whirring away at top speed, 24 hours a day, for a week. Until someone notices it, it’s going to keep […]

male contraception and sterilization procedures coverage

IRS Provides Short-Term Relief for HSA Eligibility in Maryland (Benefit Alert)

Current Maryland insurance law requires all policies issued or renewed in the state after January 1, 2018 to provide coverage for male contraception and sterilization procedures without being subject to any cost-sharing requirements (including the deductible). This mandate created a question as to whether such plans could still be considered Qualified High Deductible Health Plans […]

Most Fortune 500 Companies Have Mentor Programs. Do You?

What makes a company successful? Often, it’s attributed to having effective leaders. How can you make sure your company is developing excellent leaders? One of the ways is by implementing a mentor program.

Maryland Healthy Working Families Act (MHWFA)

Maryland Healthy Working Families Act (MHWFA)

On January 12, 2018, the Maryland legislature enacted the Maryland Healthy Working Families Act (MHWFA) by overriding Governor Hogan’s veto from the prior legislative session. The MHWFA requires all Maryland employers to provide sick and safe leave to eligible employees.  Legislative attempts to delay the effective date of the Act have been unsuccessful, so it is […]