Risk Management

Changing Direction: Setting New Goals Midstream

So you started the year with lofty goals. This was the year your company was going to have zero lost time injuries. Or, your Total Recordable Incident Rate was going to finally be below 1.0. Maybe your goals were training related with X number of employees completing your predetermined course list. That overhaul of your curriculum was finally 

 

Make Time For A Safety Program Review

From time to time, it’s important to take a step back and do an overall evaluation of your company’s safety program. Whether done internally or by an outside set of eyes, reviewing your program can help identify gaps, as well as set goals going forward. If you've found your program has stalled a bit or you're just not seeing the results you 

 

By Default or By Design: Managing Strategic Risk

It’s been said that every company has a strategic plan—it’s just a question of whether it’s by default or design. Those with nothing in place are at the mercy of what may come—quite simply, a company has chosen to be reactive versus proactive. As discussed in “The Downside of Positives: Managing Risks & Expectations” a few months back, risk 

 

Management Liability: Protecting Your Greatest Asset

Management Liability is a key component to protecting your greatest asset and can often be overlooked in the midst of an insurance renewal with the stress of deadlines, price comparisons and proposal reviews. The Management Liability policy contains three main coverage sections: Directors and Officers Liability, Employment Practices 

 

Measuring Safety: To Know Where You're Going, You Have To Figure Out Where You Are

Putting an effective safety program in place in your organization is an essential part of any business plan. Safety programs have many parts. Management leadership, employee involvement, workplace analysis, hazard prevention and control, and safety and health training are all important parts of the plan. But how do you know where to  

 

The Factoring Option: Access To Capital

Factoring is a transaction in which accounts receivables are converted into cash through a purchase and sale agreement with a financial company. This allows the business to receive needed cash resources quickly without waiting for accounts receivables to convert. Factoring can be a very useful tool to many companies that need access to

 

Leadership: The Captain’s Way

Today, business owners and managers are reading publications written by hundreds of industry leaders to obtain insight on developing and better implementing strong leadership within their own organizations. The books, articles and blogs are filled with New Age methods, tried and true approaches and lessons by example and experience

 

Liquidity Risk: A Ratio Story

You and your team have been working hard. Sales are up, as is company morale. Yet, you're still finding it difficult to meet your obligations in a timely manner. What is going on? Where can you find answers? A good place to start is with the balance sheet and a few ratios.

 

Here Comes OSHA

OSHA audits can be stressful and the citation penalties severe. But if you've developed good safety programs and are prepared for this inspection, costly partialities and downtime can be avoided. An official audit, or inspection, by the Occupational Safety and Health Administration (OSHA) can be tolerable, and even...

 

Risk Decisions: Properly Delegating Authority

Who makes decisions on risk in your business? How are those decisions made? I was having lunch the other day with a colleague of mine who is the risk manager of a large organization with a complex risk profile. The very nature of the company's operations makes risk management a primary topic in almost every conversation the company...