Risk Management Blog - ClearRisk

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