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12/26/2023

Everyone is a Risk Manager

Source: Federated Insurance, December 19, 2023

When it comes to risk management at the workplace, each and every person plays an important role in maintaining day-to-day safety to help maintain a solid risk management culture. From the highest executive to the newest hire, everyone should consider being a risk manager at work

Leadership Responsibilities

Management should be committed to upholding a culture of safety and risk mitigation across the board, since these examples often stem from the top-down. Consider the following:

• Hosting regular and frequent trainings on industry-specific safety subjects to protect your bottom line. 
• Giving employees the tools and incentives to take ownership in a risk management culture. 
• Investing time and resources to help implement sound policies and procedures. 
• Setting clear expectations, rewarding positive behavior, and encouraging open communication.
• Staying up-to-date on current safety topics and regulations. 
• Encouraging breaks, providing necessary tools and equipment, and posting safety signage.

Employee Responsibilities 

Employees play an important role too. They are on the front lines making sure work gets done in a safe manner, and will be the ones who have the most interaction with potential hazards. Their responsibilities could include:

• Listening to leaders, adhering to current policies, and participating in training.
• Practicing daily risk management habits, such as keeping up with housekeeping and watching for both digital hazards and physical.
• Leading by example so that new employees know how to work in a safe manner.
• Wearing appropriate Personal Protective Equipment (PPE).
• Reporting to management if they notice risks or unsafe behaviors.

No matter the level of employment, everyone is a risk manager at your business. Risk management is necessary to help keep your business operating in the most efficient and safe ways possible.

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