Knowing your risk is crucial. To have an undetected risk, you could be without insurance protection.
Financially Crippling Preventions:
A risk transfer is a risk control strategy that shifts a pure risk from one party to another party. The most common way is through an insurance policy. Additionally, this can be accomplished through contracts with third-parties. This shifting often involves the use of contractual terms with third parties:
Common methods that are used in contract include:
In addition to risk transfer, the following risk management techniques are often utilized:
It’s no secret that reducing losses is one of your primary concerns from both a financial and human aspect. Your “hidden” cost of loss – like lost productivity – can be much higher than your direct costs, such as equipment and facility damage, or medical and legal expenses. But, managing your risks properly can help reduce both your direct and indirect costs.
Contact us for training and educational resources to help mitigate your risks.
We believe that the key to success is engraining our deep-seated knowledge in our clients’ minds, which is why we’re proud to offer the following sample of trainings:
Additionally, there are quarterly webinars, monthly PowerPoints and handouts that are training materials, a video and on-line library of safety, HR, and loss prevention trainings, and many resources customized to the policyholders specific needs.
Not sure where to start? Our loss prevention experts will provide on-site and or teleconference inspections, including: Full Site Walk-through Evaluations, Safety Program Review, and OSHA-specific reviews
Contact us for more information on our comprehensive risk management strategies and techniques for the telecom/broadband industry.