Posts Tagged "risk management tips"

Demystifying Management Liability

Posted by on Jul 21, 2016 in News | 0 comments

Management liability threats can be mysterious for business leaders in private companies. Few understand the breadth of liabilities, their personal risk, and the remedies or protections. Our partner, Travelers helps businesses understand and demystify Directors & Officers Liability coverage.

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Texas Work-Related Injuries: What You Need to Know

Posted by on Feb 26, 2015 in News | 0 comments

As a business owner, I’m sure you will agree that work related injuries are every company’s worst nightmare. Why do they happen and what can you do as an employer to help eliminate them? Education. Thankfully, TDI and OSHA have provided the resources to assist employers with job-safety tips and training. The TDI-DWC is a division of TDI which collects information for the purpose of assisting employers, policy makers, and safety professionals with identifying occupational safety and health issues conducted a survey.  The latest stats available are from the Bureau of Labor Statistics (BLS) in a survey from 2011 about occupational injuries and illness.  It was confirmed in this survey that private industry employers had less work-related injuries with a rate of 78.7 percent with days away from work per 10,000 full-time employees in the same industry.  This is a decrease from the 2010 rate of 79.5 and even lower than the national rate of 105. Here is a chart from that survey comparing work related injuries and the types of injuries over a three year period: 2009 2010 2011 Away from work 60,240 56,720 57,20 Nonfatal occupational injuries & illnesses 81.2 79.5 78.7 Incidents non-fatal 8 9 9 Median days away As you can see, one important measurement was the severity of injuries and how many days away from work.  Also something to note is the stats were the same for 2010 and 2011. The TDI-DWC released numerous reports about work-place safety in November of 2012 which showed there were 96,642 non-fatal injuries and illnesses in 2011. Another report accompanied this report that encompassed illnesses, characteristics of employees and injuries. The TDI-DWC also provides safety and health consultations on OSHA regulations in addition to conducting surveys to assist employers with job safety which includes regional and on-site training, health and safety publications, training videos, and employer guidance for return to work programs. This is why it is vital to be involved in your company’s risk management programs – don’t be a statistic. It is also important to remember that your insurance company and agent are ready to help you with managing work-place related injuries and mitigating risk. Along with help from your insurance agent, TDI and OSHA, there really is no reason your company can’t increase on the job safety and reduce work-related injuries. When looking for an insurance agency to help you, keep in mind that they should be more than just an agent, they should be available to walk you through even the unforeseen risks. They should help provide you and your staff with all the tools available for mitigating work-place safety....

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Top Tips for Corporate Risk Management (Infographic)

Posted by on Jan 15, 2015 in News | 0 comments

Risk management is a highly important yet tricky task that all businesses must take into consideration. Simply put by Investopedia.com, risk management is a two-step process – determining what risks exist in an investment and then handling those risks in a way best-suited to your investment objectives. Risk management occurs everywhere in the financial world. It occurs when an investor buys low-risk government bonds over more risky corporate debt, when a fund manager hedges their currency exposure with currency derivatives and when a bank performs a credit check on an individual before issuing them a personal line of credit. This infographic by www.sysop.co.uk gives more of a visual concept of risk...

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