Risk Management includes Preparation

There is significant attention provided to emergency response and recovery efforts, but not always the same level of attention to prevention, and prevention can have significant impacts on insurance claim outcomes. In a National Underwriter article (see here) Don Schmidt, of Preparedness LLC, suggests some steps to take to incorporate prevention initiatives in a risk management program. These include: An advisory committee A risk assessment process A prevention and mitigation plan Some additional examples of risk management programs incorporating prevention...