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Cody Colbert

Recent Posts by Cody Colbert:

5 Fire Prevention Strategies for Organizations

Have you ever considered what would happen to your organization if a fire were to occur? How would operations be affected? Every year, fire is the cause of approximately $400 million in damages to Canadian businesses. It is imperative that your organization has a plan in place to minimize the likelihood and impact of a fire occurring. Continue reading to learn about the 5 actionable strategies that organizations can use to mitigate fire related risk.

Topics: Fire Prevention Fire Risk Mitigation Fire Prevention Strategies

3 Tips for Creating a Fraud-Resistant Environment

Next to controls, the single most effective way to prevent fraud is to create an environment that is fraud-resistant. It is possible to limit opportunities for fraud before they impact your organization by identifying unacceptable practices and advocating stringent consequences for offenders.

Topics: fraud fraud risk fraud prevention

8 Reasons to Implement a Fleet Loss Prevention Program

Loss control is a management priority whether a fleet is large or small. A Fleet Loss Prevention Program can decrease insurance claims and help mitigate the frequency and severity of future losses. Often the other tangible and intangible benefits of these types of programs can be overlooked, but are just as valuable to your company!

Topics: risk mitigation plan Risk Management Software incident management software claims management software Benefits of Fleet Loss Prevention Fleet Loss Prevention Program Loss Prevention ROI municipal fleet management Sample Fleet Loss Prevention Program lower insurance costs

Top 10 Business Risks in Canada

Allianz Insurance just released its list of top global Business risks for 2017 from a recent survey, and it broke it down by region, including Canada.

It's interesting to see that more "traditional" risks such as business interruption, market risks and natural disasters are once again on top of the list.

With all that's going on in the world with emerging technology (self driving cars, drones) and cyber-risk (phishing, cyber ransom), it's very surprising to see those risks much lower on the list. Perhaps technology risks have become less novel, and are more baked into the thinking of business executives. This can be good and bad. It's good to be realistic about the likelihood and impact of emerging risks, but it's not so good to be complacent just because you may not understand a risk.

Topics: allianz business risk market developments cyber attack business interruption business risk canada

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