RISK MANAGEMENT BLOG

Rebecca Webb

Recent Posts by Rebecca Webb:

How to Hold Business Units Accountable for Claim Costs

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.

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

How to Handle an Accident

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.

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

6 Ways to Manage Reputational Risk

Every organization, no matter the structure, nature of operations, or size, has reputational risk. All risks are significant in and of themselves, but resulting reputation damage can be even more catastrophic, as a reputation is one of a company’s biggest assets.

Sometimes all it takes is a rumour to make the public lose confidence in an organization, ending it quite quickly. As Warren Buffet said, “it takes 20 years to build a reputation, and five minutes to ruin it”.

Topics: reputation risk reputation risk management companies reputation importance of a reputation reputation planning

3 Smarter Ways to Reduce Commercial Insurance Costs

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.

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

4 Ways to Manage Supply Chain Risks

85% of surveyed global chains experienced at least one supply chain disruption risk in 2017. Deloitte has shown that organizations who proactively manage supply chain risk spend 50% less to manage disruptions.

As always, proactive risk management is more cost efficient than reactive action. An efficient supply chain is essential for the production of quality products and effective customer service.

Topics: supply chain risk management supply chain risks

Subscribe to our Blog

 

Do you have valuable content to contribute?

   blog for clearrisk   

Most Popular Blog Posts

  WHITEPAPERS  

        EBOOK        

   Contact us