Risk Management

Some forward-thinking contractors have gone beyond seeing the direct link of profitability from safety and risk management to establishing safety as a profit center. A select few have captured even greater value by making safety part of their brand image.

If a company adds a commercial crime package to their business owner's policy, they can be reimbursed for fraudulent transfers, employee theft, forged checks, and other dishonest acts that might happen during the course of business.|

Small businesses can raise their public profile through providing helpful news and information and avoiding risks and possible mistakes.|

Logic would dictate that the lack of actual shared losses would also indicate the lack of risk distribution. The IRS may soon test this question in the Tax Court. If logic prevails, then many risk sharing pools will be in trouble.

After years of gearing up safety management programs that coldly demand compliance, an employee's culture, age and personality prove more crucial to safety success than first recognized.

The answer to addressing the personal factors of loss causation must lie in equipping current line level supervisors — those most likely to first identify an interpersonal conflict in their work area — with the people skills and method to accomplish interpersonal conflict resolution.|

Exposure to chemicals is an unnecessary occurrence that has incredible long-term costs. Let's work together on prevention and always trust, but verify!

When the communication and collaboration among the stakeholders in an anti-fraud program erode, bad things will happen. All of us have critical roles in the fight against insurance fraud. We need to change our thinking and strategic vision on this issue if we really want to reduce fraud, which affects all of us - the consumer.