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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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4 Reasons Why Every Business Should Draft Incident Reports

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.

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.

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.

Incident Reports: Why You Should Draft One

Please note that we have updated this blog post! Take a look at the current version here. 

Incident reports are one of the most important forms of documentation for a corporation to employ in their day to day operations for a multitude of reasons. Whether reporting an instance of employee injury, property damage, improper conduct, or other reasons, it is increasingly important for a corporation to keep an incident report template on hand in case it is ever needed.

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