We’ve often written and discussed the need to properly manage your subcontractor risk exposures, it’s an in depth practice and there’s a lot to think about. One of the key elements of managing that exposure, is managing subcontractor certificates.
Any manufacturer has a host of risk exposures related to their products, and there should be formal and active program in place to mitigate those risks, and be prepared in the event they have to correct a deficiency or safety issue, and mishandling it could be costly.
When the Seattle Seahawks drafted Wisconsin quarterback Russell Wilson in the third round, with the 75th overall pick, few would’ve predicted at the time that not only were the Seahawks drafting a future Hall of Famer, but they were drafting the best risk manager in the National Football League.
In contracting, the use of independent subcontractors is a common place. General contractors may subcontract anywhere from 10 or 15 percent of the work, all the way up to 90 percent of the work, and in many cases subcontractors will in turn utilize subcontractors themselves.
At 8:24 am on Friday, November 30th, a magnitude 7.0 earthquake struck southcentral Alaska and caused widespread property damage, but fortunately no loss of life. This powerful earthquake, centered 10 miles north of half of Alaska’s population in the city of Anchorage, was felt as far away as 400 miles, and registered on the seismic […]
For any business, reputation remains the key cornerstone for building a customer base and serves an integral part of both garnering repeat business from your clients, and bringing in new one’s. Reputation is a broad umbrella that encompasses many facets of a how well a business serves their client base, the quality of the products […]
A Return-to-Work Program is one element of a cost containment policy designed to eliminate wasteful spending and reduce the cost of workers‘ compensation insurance. The concept is dedicated to getting injured workers back to work, by providing them with temporary modified jobs that account for any physical restrictions they may be under.
For any business owner or leader of an organization, change is inevitable. Whether forced by conditions beyond your control, or initiated internally to meet a specific strategic goal, every business will face change whether invited or not. How that change is managed can have a profound impact on your business and ability to sustain operations.
It’s not uncommon for business owners to allow valued employees to take a work vehicle home each night, a combination of convenience and benefit for all parties. What is more common is the lack of a written vehicle usage policy that outlines the terms under which this arrangement needs to take place. This vehicle usage […]
As we’ve noted many times before, the most important component of managing risk is to identify it. If you don’t identify risks, you have no ability to develop strategies for managing it. We have a term for that, it’s called the passive retention of risk where you are retaining a risk but haven’t identified it. […]