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Challenges in Implementing Risk Management Measures

Challenges in Implementing Risk Management Measures

Risk management is a fundamental component of every business or organization. Identifying risk exposures, then creating solutions to help mitigate or reduce those exposures, is an important tactic designed to keep overhead costs in check. U.S. Risk Underwriters, a leading provider of specialty insurance programs for commercial operations, understands that while risk management strategies are critical, implementing these measures can pose significant challenges. In this guide, we will explore some of the challenges business owners face as they create workable risk management plans to protect business assets and employees.

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The Most Important Steps in Developing a Risk Management Plan

The Most Important Steps in Developing a Risk Management Plan

For any business, risk management is the cornerstone of success. Reducing or eliminating risk exposures helps to drive down overhead expenses, including insurance claims, property loss or damage, and liability. A risk management plan consists of multiple interrelated parts that must all work together to achieve the desired outcome. Organizations often do not understand the best ways to develop a comprehensive risk management plan, however, and the complexity inherent in such plans can be the “make or break” aspect that negatively affects business operations. U.S. Risk Underwriters, one of the nation’s leading providers of specialty insurance solutions, knows that risk management plans are fundamental in business. Here is a look at some of the most important steps to consider when developing a risk management plan for your organization.

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Risk Management for Welding Operations

Risk Management for Welding Operations

It should come as no surprise to learn that among industrial and manufacturing processes, welding operations present significant risks, not only to employees but to property, equipment, and other physical business assets. According to the Occupational Safety and Health Administration (OSHA), over half a million workers are exposed to the hazards common to the welding profession each year, often resulting in injuries, lost wages, and reduced productivity. Faced with the potential for a serious or even fatal workplace injury, how would you prevent welding-related injuries? In this guide, we’ll explore some of the best risk management practices in the industry, helping your business protect employees and assets from the risks associated with welding operations.  

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Risk Management for Fleets

Risk Management for Fleets

It can be said that the transportation industry is the lifeblood of the American economy. From long-haul trucking operations and cross-country cargo rail to local delivery vans, public transit systems, and for-hire vehicle operators, fleet management is crucial to transporting goods and people across the country. Fleet operators face many risks as they conduct operations, however, and managing those risks is of the utmost importance. U.S. Risk Underwriters, a leading specialty provider of tailored insurance solutions to fleet operations and transportation companies, knows that there are many components associated with fleet risk management. In this guide, we will explore some of the best practices in creating an effective fleet risk management plan. 

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