Part of our firm’s signature assessment with each business we work with is to identify their exposure to loss to deliver risk management and insurance solutions.
Most business owners will proclaim, “We have a safety program!”. When diving deeper into the conversation, it becomes apparent that while they want a safe work environment for their employees and talk about being safe with their team, a formal written safety program is missing.
Having a formal written safety program that is constantly re-inforced is essential to a solid risk management strategy.
Talking regularly about safety is a great initial step to instilling a safety minded culture. However, it does not take the place of specific written programs for your business, employee training, and constant reinforcement through “tailgate talks,” payroll stuffers and workplace posters.
Keys to a Solid Risk Management Strategy:
- Pinpoint your exposures and cost drivers
- Identify the best loss control solutions to address your unique needs
- Create a solid business continuity plan
- Build a culture of safety
- Manage claims efficiently
Understanding your companies exposure to loss and proactively managing it will improve your bottom line by reducing your overall cost of risk.
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