Risk & Business Magazine Walsh Duffield Companies Fall 2016 | Page 30

RISK MANAGEMENT How To Better Manage Your Company’s Risk And Control Loss Risk Management R isk management and loss control is one of the most important aspects of running a business. Not only does a quality risk management program help a business maintain good safety standards, but it also prevents losses. Most companies simply do not have a full grasp of the direct and indirect costs that claims and losses can have on their organizations. Knowing the total cost of risk, however, is an essential aspect of reducing exposure and streamlining risk management programs. Taking a proactive approach to mitigating risk may be the single most important thing you can do for your business. Consider what would happen if you chose to take a reactive approach to risk management at your company. While it is important to respond to the results of risk audits or to follow up after incidents, neither of those actions will prevent future risks, and they simply leave the company lagging behind in its risk management program. Walsh Duffield has partnered with Succeed Management Solutions, LLC to bring you an exciting new resource. The Succeed Risk Management Center is a secure, web-based application that offers a suite of safety and risk management 30 | FALL 2016 tools to facilitate all aspects of your organization’s risk prevention efforts. These programs are not only designed by safety professionals but also easy to set up. As a result, you’ll be able to reduce risk, increase workplace safety, lower costs, and maintain OSHA compliance—all online. The Succeed Risk Management Center enables you to do the following: • • • • • Access a best practices safety library • Comply with OSHA and other regulatory bodies • Create job descriptions and modified duty programs • Maintain an up-to-date list of Safety Data Sheets • Implement an HR program overall costs of losses due to risks, regardless of department or location. At Walsh Duffield, we’re committed to helping you better manage risk and control associated costs. In fact, we are the only insurance agency in the area to offer this valuable risk management and compliance platform to our clients. Interested in learning more? Contact your Walsh Duffield representative today. + Train employees online Track and report incidents Build a behavior-based safety program Protect against liability through certificate of insurance management With this program, your company will be able to utilize the software suite in order to help empower your employees in risk prevention. By creating effective risk mitigation programs, you will be able to reduce your organization’s BY: AHNDRAYA J. WEEKS, AAI, CWCA [email protected] 585-267-8736 Ahndraya has over 14 years of insurance experience, and currently serves as Commercial Lines Team Leader for the Rochester area where she focuses on maintaining relationships with clients while overseeing her team. Ahndraya holds her AAI and CWCA designations.