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Risk Management Blog

Get a read on risk.

There are many blogs out there, so what makes ours so special? Quite simply, if you want to deepen your understanding of risk management, every article herein will be worth your attention.

Designed by our experts to offer practical tips and techniques to elevate risk management and its influence on an organization’s performance; this is good stuff. And because we all know that data is the new gold, you’ll find plenty of insight into capturing and leveraging risk data to your organization’s advantage.

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How to Mitigate Water and Sewer Risks

When water and sewer systems begin to show weakness, residents look to municipalities to come to the rescue. By knowing the main issues that result in liability claims, municipalities can take steps to mitigate the risks imposed by faulty water and sewer systems. In this post, we discuss the three primary liabilities for water/sewer operators and what municipalities can do to avoid them. 

Slips, Trips and Falls: 3 Steps to Reduce Claims Costs in Retail

If you're involved in managing risk within the retail industry, the mention of slips, trips, and falls sends shivers down your spine. It has long been accepted that slips, trips, and falls represent some of the most frequent and costly claims within the retail sector, and it is easy to understand why.

With hundreds, thousands, or millions of customers walking through your doors each year, how can you possibly prevent everyone from falling on your property? The law of large numbers suggests that a certain percentage must fall while on your premises.

Legality, Frequency, Severity... Why You Should Manage Cyber Risk Now

Last week, we presented 8 best practices for managing cyber risk. Now we're going to explain why it's so crucial to implement these strategies today. As technologies advance, risk teams are in a constant battle to protect their organizations against new threats. The most recent trend to gain attention is cyber risk. In a 2018 survey conducted by Risk.net, areas of cyber risk ranked #1 and #2 on a list of top ten operational risks.

Occupier's Liability Risk: Reducing the Likelihood and Impact

As an occupier, you have an obligation to maintain your property at a reasonable standard of care so as to not be held liable in case of an accident involving a patron.

An “occupier” may be broadly defined as someone in possession of premises, responsible for premises, in control of premises, responsible for activities on the premises, in control of activities on the premises, responsible for people allowed on the premises, or in control of people allowed on the premises.

Risk Tools for Your Operational Risk Management

For years now, operational risk managers have relied on their experience and understanding of a subject matter as the perfect risk tools but the fast-paced, cutthroat world of today demands more. You need adequate risk tools integrated at all levels within an operation.
This article covers why you need risk tools, the point of having an operational risk management strategy and the known risk tools guaranteed to help you through the optimum course of action in any situation.

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