Posts Tagged "harned insurance"

Risk Assessment Fundamental to a Business Continuity Plan

Posted by on Dec 10, 2015 in News | 0 comments

When it comes to a realistic, reliable business continuity plan, risk assessment is fundamental. To remain better positioned to recover from a disaster, companies that proactively consider which events are most likely to occur are able to focus disaster response planning efforts where they will yield the best return on investment. When it comes to threats your company faces, as well as their potential impact on business operations always base response and recovery strategies on a good understanding these threats and potential impacts. The following list via our partner Travelers.com contains some common threats that may leave critical business resources and operations vulnerable. Natural disasters such as tornadoes, hurricanes, floods, earthquakes, lightning strikesand wildfires. Manmade or technological events like fires and explosions, industrial accidents, chemical/hazardous material spills, communications and utility outages, system disruptions and transportation accidents. Malicious attacks including terrorism, bomb threats, vandalism, threats to reputation (off- or online), protests, civil unrest/riots, robbery and armed intruders. Cyber attacks such as denial of service attacks, computer viruses, worms, Trojan horses, cyberwarfare and cyberterrorism. Loss of workforce events such as long-term disability or illness, epidemic (e.g., flu, virus outbreaks), fatalities and worker strike. Supply chain disruptions, which can include counterfeit parts, regulatory requirement violations and transportation disruptions. Human error, such as poor training, poor maintenance, carelessness, misconduct, substance abuse, fatigue and counterfeit parts. Assessing Risk Although natural disasters seem to be happening more frequently than ever, particularly in the U.S. where nine of the 10 most costly disasters in 2012 occurred,* many business losses are actually caused by small events that are not wide-spread. When determining what the biggest risks are to your businesses, consider the following: Historical – What has happened in your community, to your facility or neighborhood before? Geographic – What is your proximity to flood plains, major airports, etc.? Physical – What is it about the design or construction of your facility/office that might make your business particularly susceptible to a certain event? Organizational – What is it about your employee, operational or technological infrastructure that might make your business particularly susceptible to a certain event? Regulatory – Is your business/industry required or mandated to prepare for any hazards? *Source: Insurance...

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Winter Weather Safety Programs for Your Business

Posted by on Dec 4, 2015 in News | 0 comments

As winter weather approaches, our partner company, Accident Fund Insurance is once again rolling out their S.A.F.E. Slip and Fall Elimination campaign to help your business prepare for changing weather conditions. Winter Weather Safety Program Every company should have a written program that outlines the procedures for monitoring changes to winter weather conditions, as well as the process of communicating severe weather advisories and alerts to employees. The program should include: The types of alert systems used Employee responsibilities Communication and notification systems Facility closing procedures and call in phone numbers Information technology systems used Prepare your Business before Winter Weather Hits They encourage you to think about how best to prepare your business for the winter season before winter arrives, including: Ensuring you have access to weather advisory alert systems. Tuning up snow blowers and other snow removal equipment. Having a plan in place when off-premise work is necessary. Maintaining a supply of salt and other ice melters. Obtaining proper footwear for the winter season. Putting entryway mats and housekeeping supplies in place. Want to know more? Visit their S.A.F.E site frequently and be sure to download the materials to use in your...

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Fleet Vehicle Accidents Cost Twice as much as Workplace Injury

Posted by on Nov 20, 2015 in News | 0 comments

The most costly injury claims for businesses are fleet vehicle accidents with the average cost of loss is approximately $70,000 – almost twice the cost of an average workplace injury which is approximately $36,000. You may be putting the welfare of your employees and company at risk without a formal fleet safety program. Yes, a generic safety program is better than none – however – it is far more effective to have a specifically designed program in place for your company and your fleet. There are policies and procedures established to ensure a safe work environment for employees within a fleet safety program. It also helps protect against liability from fleet vehicle accidents. Employers understand that here are no guarantees that an accident will not happen. The fact is, the road is one of the most dangerous places for your employees so establishing a formal and ongoing program of screening, testing, inspection and training is essential. Here are 8 Essential Elements of a Fleet Safety Program via Travelers: Identifying all of your drivers. Businesses may not be aware of the full extent of their non-owned vehicle exposure. You should identify everyone who drives on behalf of the business, even those employees that use personal and/or rented vehicles. Management commitment. Leadership support of the program can help assure that the program is used. Screening and selecting drivers carefully. This can help create a reliable, safe team. Without safe drivers, no organization is likely to have a good long-term safety record. Establish clear hiring standards and a thorough screening process for anyone who drives on company business. Training drivers. This can help to ensure that all drivers understand vehicle safety policies and procedures. All drivers should have access to information on safe driving strategies and techniques, including instruction in defensive driving. Managing drivers on an ongoing basis. This is essential in helping to ensure that drivers are following fleet safety rules and driving safely. Managing accidents, when they occur. This can help mitigate accident costs. It also helps you to understand your exposures and can reduce the potential for future losses. Establishing written policies and procedures. This sets clear consistent expectations. Formalizing a plan for vehicle inspection, repair and maintenance. This can help reduce costly, unexpected breakdowns, and can assist in avoiding accidents due to faulty...

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