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2016-05-23T00:00:00.000Z

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Wrong William Failor?

William N. Failor

Senior Vice President (2012 - Present) and Chief Operating Officer (Atlanta, GA - 2006 - 2010)

Cobbs Allen

Direct Phone: (205) ***-****       

Email: b***@***.com

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Cobbs Allen

115 Office Park Drive

Birmingham, Alabama 35223

United States

Company Description

Cobbs Allen is a risk management firm providing a process-based approach to local, regional, and national businesses in commercial insurance, employee benefits, personal insurance, and alternative risk financing services. Founded in 1887, Cobbs Allen is r ... more

Find other employees at this company (189)

Background Information

Employment History

Senior Vice President

Arthur J. Gallagher & Co.

Managing Director and Head of Office

Marsh Inc

Affiliations

Board Member
National Safety Council

Web References (5 Total References)


SBN Online: Source for local Cleveland business news, Columbus business news, and Pittsburgh business news.

www.sbn-online.com [cached]

Top executive: William Failor, James Finn, Geoffrey Fallon, Scott Dillabaugh


SBN Online: Source for local Cleveland business news, Columbus business news, and Pittsburgh business news.

www.sbnonline.com [cached]

Marsh Inc.'s William Failor discusses the changing risks businesses face.


SBN Online: Source for local Cleveland business news, Columbus business news, and Pittsburgh business news.

www.sbnpub.com [cached]

Marsh Inc.'s William Failor discusses the changing risks businesses face.

...
"It (unawareness of potential risks) can be really damaging to a company," says William Failor, executive director of Marsh Inc.'s Columbus office.
He says one of the most damaging situations arises when a company doesn't have enough coverage or is uninsured against certain risks.
Companies conducting business outside the United States must consider the risks of doing business overseas and how to manage them, says Failor.For example, if your company purchases a factory in France and wants to cut costs by reducing or eliminating employee benefits, you could run into trouble.
"In France, you have to have the agreement of the employees to reduce benefits," says Failor.
Risk management consultants such as Marsh can reduce these risks because they have local offices around the world, and the employees who staff them are versed in the local employment laws and risks.
"If you think you can apply American business philosophies, you could be in error," Failor says.
There are no limits to who might sue your company, says Failor.It's not just shareholders who can instigate a lawsuit; in today's post-Enron environment, employees, customers or vendors could get involved in a class action suit against a company's directors and officers if they feel they misrepresented the company's financial picture.
Failor says that although directors and officers insurance premiums have risen substantially in the past five years, it is still a good investment.


SBN Online: Source for local Cleveland business news, Columbus business news, and Pittsburgh business news.

www.sbnpub.com [cached]

Top executive: William Failor, James Finn, Geoffrey Fallon, Scott Dillabaugh


National Safety Council Green Cross for Safety Dinner

secure.nsc.org [cached]

Bill Failor, Senior Vice President, Marsh USA

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