Risk Management Blog - ClearRisk

Occupier's Liability Risk: Reducing the Likelihood and Impact

Posted by Maegan Marshall on Wed, Feb 15, 2017 @ 11:02 AM

Every business that owns, rents or is otherwise responsible for property, owes a duty of care to every person that enters those premises. The area of law that is concerned with this responsibility is occupier’s liability.

Being found negligent as an occupier can have extensive repercussions on a business. This can include the financial burden of being held responsible for a claims expenses, to the reputational risk and negative publicity associated with an incident occurring on your premises. To limit these occurences, it’s essential for organizations to take necessary precautions that will help mitigate the frequency and severity of future events. 

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Topics: risk management plan, operational risk management software, legal risk, risk management, retail risk management, manufacturing risk management, incident management software, risk management information system, claims management software, wholesale risk management, occupier's liability

3 Steps to Reduce the Frequency and Severity of Liability Claims

Posted by Maegan Marshall on Tue, Nov 22, 2016 @ 12:11 PM

Slips, trips, and falls are a common cause of liability claims affecting organizations. These occurrences can range from minor incidents to major claims that can involve multi-million dollar lawsuits. It’s unlikely to completely avoid these types of potential accidents, but it is possible to take precautions that will help in reducing the frequency and severity in case of an event. 

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Topics: risk management, slips trips and falls, Claims Management, Retail Claims Management, EHS, injury claim, injury claims, Environmental Health and Safety, health and safety, environmental risk management

Top 10 Retail Risk Management Tips

Posted by Laura Fudge on Fri, Jun 21, 2013 @ 11:06 AM

 Top 10 Retail Risk Management Tips

In our recently released “Top 10 Risk Management Tips for Retailers”, we looked at som the common challenges and risks facing risk managers in the retail industry, and the top 10 tipsto combat this challenges.  With the volatility of today’sfinancial envir onment, increase in natural disasters, and explosion of technology, it is extremely difficult to narrow it down to just 10 tips.  But as any risk manager would triage his or her organization’s risks, we triaged our list as well.

Below you will find a sample of two of the tips from our list.

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Topics: Retail ERM, Claims and Risk Management for Retail, Retail Risks, risk management, affordable risk management, retail risk management, Retail Risk, Claims Management, Retail Claims Management

Uncertainty Management: Measuring Risks and Opportunities

Posted by Krystal Hobbs on Tue, Nov 27, 2012 @ 08:11 AM

The following blog post is from a guest blogger, Amy Wilkins. Amy writes about business, finance & more at businessinsurance.org.


Take Time to Save Time

In Stephen King's book, "The Langoliers", time stands still for some unlucky airplane passengers desperately trying to stay one step ahead of hideous creatures that devour the past. That's exactly how it can feel trying to stay on top of your business workload. But the solution lies in the business paradox, "It takes time to save time." Taking time for the following tasks will keep you ahead of the game. 

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Topics: Risk Management Process, risk management, uncertainty management

8 Risk Management Points Every Broker Should Know

Posted by Craig Rowe on Sat, Dec 10, 2011 @ 01:12 AM

Mid-market is the most profitable and coveted segment, and therefore the most fiercely competed over. Medium-sized companies have the same problems as Fortune 500 companies, just on a smaller scale.  The problem lies in risk solutions; these solutions don't scale and small companies are unsure of where they can turn for help. As a result, medium-sized businesses do not benefit fully from risk management.

Insurance brokers deal with these companies every day, sharing advice on one important aspect of risk: their insurance. Brokers specialize in helping these same companies use broader risk management resources, tools, and services. If the brokers do not provide risk management services, others will: accountants, lawyers, and OHS and WCC consultants. Insurance brokers should talk to their clients and prospects about risk management in a way they understand. Here are 8 points every insurance broker should discuss with their client:

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Topics: ClearRisk, Craig Rowe, risk management insurance, broker, What is Risk Management, risk management services, Clear Risk, risk mitigation, risk, risk management, risk management blog, insurance, selling risk management, ERM, enterprise risk management, risk management tips, brokers, Insurance and Insurance Purchasing, Managing Risk, Risk Management advice, Key points to Risk Management, Insurance Broker ClearRisk Manager, Must know on Risk Management How to deliver Risk M

25 Quick Tips To Get Started With Your Risk Management Planning (Part 3/5)

Posted by Craig Rowe on Wed, Nov 30, 2011 @ 17:11 PM
This is the third installment of five blog posts that summarize the 25 quick tips from my eBook, “Insurance Premiums Are Killing My Business."   This risk  management ebook is a great start for small to medium-sized business owners that are curious about starting the risk management planning process.The tips below have been written with small to medium-sized businesses in mind, although the same principles should be employed by very large businesses.

 

Click here if you want to review risk management tips 1 – 5  before going on. Click here to read risk management tips 6 - 10. 

 

Risk Management Tips 11 - 15

11. Use your broker to help you with the claim process.

Your broker can give you advice on the claims process, act as an advocate for you with your insurance company, and help you compile claim documentation.
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Topics: ClearRisk, Craig Rowe, risk management ebook, risk management planning, employer liability risk management, 25 risk management tips, small business growth, operational risk, clearrisk manager, Clear Risk, risk, risk management, risk management blog, insurance broker, insurance purchasing, small business risk management, insurance premiums are killing my business, Managing Risk, preventative measures, insurance ebook, employee safety

3 Steps You Must Take TODAY to Reduce Your Software Risks

Posted by Kit Merker on Thu, Nov 17, 2011 @ 20:11 PM
Kit Merker has been in technical and management roles for over a decade, doing everything from project management, coding, design, testing, and running a service. He currently works at Microsoft as a Developer Evangelist. Kit Merker has a blog dedicated to preparing for software disasters. Be sure to follow Kit on Twitter after reading his guest blog post below! 

These are times of economic uncertainty for many businesses, and the very idea of spending much-needed funds on something that might happen may seem like suicide. According to CIO.com,  business continuity & disaster recovery is NOT a top priority for CIO's.

It's a normal human tendency to stay optimistic and believe that you are immune from disaster. We say, "that'll happen to other people, I'll hope for the best and focus on my day-to-day activities."

But, as I say probably too frequently, hope is not a strategy.

Imagine if a disaster hit and you sustained serious downtime, got hacked, or lost data your customers needed. The results would be disastrous for your reputation and could mean the end of your business. You'd be kicking yourself for not preparing.

But just like a teenager learning to drive, sometimes getting in an accident helps you learn to operate more safely. The good news is that there are practical things you can do to reduce your risks of software disaster.


Here are 3 things you can do TODAY to reduce your software risks:

1. Create a Crisis Phone Tree


I am a huge fan of lo-fi approaches to dealing with the unknown. This may seem like basic housekeeping, but it will help you handle a crisis much better than having the wrong people or the wrong contact information. When's the last time yours was updated? Also, you could create a simple rotation to designate who is "on call" in a given week to handle anything unexpected. You don't need heavy policy & procedure if you have smart people who are familiar with the software empowered to do the right thing.
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Topics: ClearRisk, kit merker, software risk, risk management planning, risk mitigation, risk, risk management, risk management blog, Risk Management Software, IT risk management, technical risk, business continuity planning, Managing Risk, business continuity, software disaster risk, preventative measures, software risk management, software vulnerability

10 Ways Risk Management Will Recession-Proof Your Brokerage

Posted by Craig Rowe on Thu, Oct 13, 2011 @ 16:10 PM

We aren’t technically in a recession (that we know of), but it’s not looking good! Troubled economic times make your clients and prospects price shop; that increased competition is the icing on the cake for brokers who are also struggling with the economy. A slight change in approach can go a long way towards growing brokerage revenues and weathering the economic storm.

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Topics: ClearRisk, Craig Rowe, insurance competitive advantage, selling risk management services, Clear Risk, risk mitigation, risk management, risk management blog, risk management solutions, insurance, brokerage revenue, selling insurance policies, risk manager

Risk Management Interview: CKR Global at RIMS Canada

Posted by Craig Rowe on Mon, Sep 26, 2011 @ 15:09 PM

This is the second post of the Risk Management Interview series, where I interview risk management and insurance professionals on various risk management topics. You can read the first installment Risk Management Interview: Nowell Seaman at RIMS Canada here.

Our partner Canpro Global has recently merged with King-Reed to create one of Canada’s largest risk management and investigation firm: CKR Global. During this interview, Ken Cahoon, director and managing partner of Canpro Global, discusses the merger with King-Reed and what it means for the risk management industry.

Here’s what Ken had to say:

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Topics: CKR global, risk investigation, RIMS Canada Conference 2011, risk management news, risk mitigation, risk management, risk management blog, RIMS Canada

Risk Management Interview: Nowell Seaman at RIMS Canada

Posted by Craig Rowe on Mon, Sep 19, 2011 @ 15:09 PM

This is the first installment of the Risk Management Interview series on the ClearRisk blog. Over my business trips, I’ve had the opportunity to meet many risk management thought leaders. I decided it would be a great idea to gather the opinions of various risk management and insurance professionals to share on our risk management blog, and so began this series.

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Topics: RIMS, risk management interview, 2011 risks, risk, risk management, risk management blog, insurance, RIMS Canada, risk management conference