Risk Management

If an employer's risk insurance advisor relationship does not have the interest, resources, knowledge and experience to be a coach and leader for a comprehensive safety program, it should be time to find a new relationship.

As the number of captives, captive managers and risk distribution pools continues to grow rapidly, the opportunity for a scandal in the captive industry also grows.

There is no question today that alarm intrusion systems are often one of the first lines of defense against insured losses from crime.

Some forward-thinking contractors have gone beyond seeing the direct link of profitability from safety and risk management to establishing safety as a profit center. A select few have captured even greater value by making safety part of their brand image.

If a company adds a commercial crime package to their business owner's policy, they can be reimbursed for fraudulent transfers, employee theft, forged checks, and other dishonest acts that might happen during the course of business.|

Small businesses can raise their public profile through providing helpful news and information and avoiding risks and possible mistakes.|

Logic would dictate that the lack of actual shared losses would also indicate the lack of risk distribution. The IRS may soon test this question in the Tax Court. If logic prevails, then many risk sharing pools will be in trouble.

After years of gearing up safety management programs that coldly demand compliance, an employee's culture, age and personality prove more crucial to safety success than first recognized.