Risk Management Blog - ClearRisk

8 Items to Include in Incident Reports

Posted by Rebecca Webb on Tue, Jan 16, 2018 @ 15:01 PM

 

What happens when an incident occurs in your organization? Will all the relevant details be recorded, ensuring that you will have this information on hand when it’s needed in the future? Whether reporting an employee or customer injury, a defective product, property damage, or any other type of incident, it is extremely important for an organization to be able to easily and efficiently create reports. We've discussed the benefits, but what should actually be included in these incident reports?

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Topics: risk management plan, risk tools, incident report, example incident reports, incident reporting, risk analysis, liability risk

How to Hold Business Units Accountable for Claim Costs

Posted by Rebecca Webb on Tue, Nov 28, 2017 @ 15:11 PM

 

If you think the cost of claims and incidents within your organization is too high, it’s time to address that problem. But how can you know what steps to take when all you have is an overall number? By breaking down occurrences by location, department, division, and so on, it will be easier to figure out the root of the problem and work towards solving it. That’s why it’s important to make these individual units accountable for their costs.

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Topics: risk management plan, risk ownership, risk analysis, risk management culture, risk responsibility, breaking down claim costs

3 Smarter Ways to Reduce Commercial Insurance Costs

Posted by Rebecca Webb on Tue, Nov 14, 2017 @ 15:11 PM

 

Insurance is essential but costly. Every organization needs it, or they risk shutting down in the face of a crisis they can’t recover from. Even so, insurance premiums come with a hefty price tag. Smaller organizations may feel that insurance coverage is out of their reach while large corporations must control the hundreds of claims they face per year. Either way, all organizations must find a way to reduce their insurance costs to ensure they can protect themselves without spending too much money. 

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Topics: lower insurance costs, risk analysis, reduce insurance premiums, commercial insurance, business insurance

How to Handle an Accident

Posted by Rebecca Webb on Tue, Nov 7, 2017 @ 15:11 PM

 

When there is an accident in your place of business, it is easy to panic. Whether an employee or a customer is injured, anyone would fear for the person’s well being and, after that, the operational consequences of what just occurred. However, it is most important to stay calm, reassure the person, and make sure they are safe; then you must handle the business side of the incident.

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Topics: risk management plan, incident report, risk analysis, liability risk, handling an accident, handling an incident

4 Reasons Why Every Business Should Draft Incident Reports

Posted by Rebecca Webb on Tue, Oct 17, 2017 @ 15:10 PM

 

When something goes wrong in your organization, do you have a method to keep track of it? Will all the relevant details be recorded, ensuring that you are protected from legal liability? Whether reporting an employee or customer injury, a defective product, property damage, or any other type of incident, it is extremely important for a business to be able to easily and efficiently create incident reports. For best results, draft a template and use it consistently so that all incidents will have the same level of data and detail.

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Topics: risk management plan, risk tools, incident report, example incident reports, incident reporting, risk analysis, liability risk

You've Identified Risks... Now What?

Posted by Rebecca Webb on Tue, Oct 10, 2017 @ 15:10 PM

You’ve successfully identified the risks that are facing your organization. (If you’re just joining us, check out our blog post from last week!) But now what? Risk management isn’t just about figuring out what risks there are: you have to know what to do about them and create a thorough plan for staying on top.

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Topics: Risk Management Process, frequency and severity of risk, risk monitoring, risk analysis, business risk management