Risk Management

  • White Paper

    Product Recall: Mitigating the Risks and Exposures

    From vehicles to food products, manufacturers of all types are susceptible to government mandated or voluntary product recalls. Despite the frequency of recalls, companies tend to overlook the exposures. The costs of a product recall can range from bodily injury and lawsuits, to loss of inventory, replacing a product, long-term decreased sales, or even loss of employee productivity. Your company is responsible for these costs and could potentially leave millions of dollars at risk if not handled properly. How would your operations be affected if your expenses increase by millions of dollars as a result of a single product recall?

  • White Paper

    Data Leak Protection

    The increasing rate of data exposures is alarming. A recent statement from Info Watch, a part of Kaspersy Labs, reveals that the number of data loss incidents more than doubled year over year. The swift increase in the likelihood of a loss and the severity of a potential loss have companies quickly turning to data loss prevention (DLP) solutions to protect “data in motion.”

    Defining what data is sensitive and requires protection is more problematic that it might seem at first glance. There is no one template for defining data as sensitive. Each business will define what is sensitive in a way that may not match a competitor.

  • White Paper

    The Insurance Market Explained

    Many insurance purchasers have come to believe that their organization is in control of their insurance premium pricing because multiple carriers are bidding for their insurance. However, without fully understanding the dynamics or the terms associated with the insurance market, purchasers find themselves at the mercy of it. The terms “hard market” and “soft market”, for instance, are frequently tossed around the insurance industry but often without much accuracy or consistency. Few people fully understand what characterizes a soft or a hard market, let alone what creates these conditions. In this article, we’ll sort through the insurance industry jargon, explain the insurance market cycle, and examine some indicators of coming market changes

  • White Paper

    NCCI Experience Modifier Explained

    For the vast majority of employers in the United States, the premium they pay for workers’ compensation insurance is primarily determined by something called the NCCI (National Council on Compensation Insurance) Workers’ Compensation Experience Modifier. This number is meant to be a “predictive indicator of future losses.”
     
    Learn more about this important component of your risk management plan by downloading our whitepaper.

  • White Paper

    Wake Up to the Risks of Sleep Apnea

    The 2011 landmark case between Celadon Trucking and widow Wanda Lindsay is the first to directly link untreated sleep apnea, which can be managed easily, to a truck driver’s crash. U.S. estimates reveal that of the 6.8 million commercial drivers on the road in 2010, the year Lindsay died, between 1.9 million and 4 million drivers had some form a sleep apnea. Because the condition is so common among truckers, legal experts believe the Celadon case will have a national impact on the transportation industry.

  • White Paper

    ImageGUARD - Reputation Management

    Behind the visible attributes of every product and service sold in our economy is an invisible value. While it can’t be seen, touched, tasted, smelled or heard, it plays a role in the initial product or service trial decision and, again, every time a repurchase decision is made. The attribute is reputation, and it can simultaneously be the hardest value to acquire and the easiest to lose.

  • White Paper

    Contractual Risk Transfer

    Most organizations today depend on external vendors to provide goods and services necessary to run daily operations. Apart from the apparent cost in engaging in these relationships, it is also important to understand that vendors can add complexity to an organization’s overall risk. Failure to manage this risk can further add to the cost factor of the vendor relationship. In some cases the additional cost can be severe enough to leave you in financial distress or even put you out of business.

  • White Paper

    Dangers of Quoting

    Getting lots of insurance quotes is a no-cost way to save money on premiums….or is it?
     
    The practice of “quoting” without conducting a thorough risk assessment can be highly flawed and dangerous for your business. This white paper illuminates some of the dangers and provides some case studies for your reference as well as the groundwork for an alternative method of reducing cost.

  • White Paper

    Workers' Comp: Reducing Cost & Employee Injuries

    Have you implemented policies, procedures and training that prevents workplace injuries?  If a claim occurs, are you confident that claim costs are as low as possible and the injured employee returns to work in a timely manner? Do you feel helpless when it comes to costs associated with workers’ compensation? Read this white paper to gain insight regarding how you can implement primary and secondary prevention strategies in your workplace.