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    Accurate Protection reveals unrecognized problems and delivers unanticipated solutions allowing you unforseen opportunities for better protection of your company assets. Our comprehensive view of your insurance program ensures that every avenue for risk mitigation and cost containment is explored.

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    Our unique process, Accurate Protection 365, will give you the tools to easily and effectively manage risks, control claim costs, increase safety awareness and build employee morale. We produce positive results that place risk management resources where they yield the highest return.

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  • Access over one thousand documents designed to help you with:

    • Cost containment
    • Safety programs
    • OSHA compliance
    • Claims reporting
    • Employee communication
    • Legislative updates and more

    Learn More
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    Accurate Protection provides an in depth analysis of your experience mod. We pinpoint cost drivers, such as frequency and severity, and develop specialized loss solutions to address your business’ specific needs. Call us today to reduce your experience mod and discover competitive advantages available to you.

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The importance of communication in risk management

Posted on by editor

Risk managers might not be in charge of making the actual decisions regarding whether something should or shouldn’t be done at a business, but they are crucial in the decision-making process. Their role64805383_M is to offer insight and advice that minimizes overall risk while maximizing overall value to the business and organization stakeholders.

A risk manager’s job is to evaluate risks, of course – but communication of these findings to board members, senior management and others is crucial. In fact, without effective and thorough communication, a risk manager’s role is worthless to a business. Without effective communication that helps stakeholders understand the output and consequences of certain actions, an organization will almost certainly undergo more harm than good. In fact, most business crises are not linked to a lack of information or understanding but a failure to effectively communicate risk.

What does effective risk communication look like?

  • explaining the chance of a risk playing out a certain way and what the business impact will be in the scenario
  • outlining the difference between risk (which is dependent on certain scenarios) and hazard (found within a specific area)
  • helping to deal with fears and uncertainties around certain risk elements
  • managing expectations around long-term and short-term risk impact
  • improving the overall comprehension of risk-based terminology and concepts to ensure better understanding
  • educating managers about risk management decisions impacting every level of business
  • creating a culture of transparency that enables concerns to be addressed and questions answered
  • growing risk-management credibility through training, continued education and consistent, relevant communication
  • dealing with potentially conflicting interests of various stakeholders and all affected parties

Our business takes risks seriously. We can help you establish the risk management plan that’s right for you and take the appropriate steps to stay insured against potential business hazards. Get in touch with us today to find out more.

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