It is important for the safety professional to understand the role of the insurance/risk manager within their organization. Although the disciplines overlap they are often operating in silos and don't do a good job working with each other to optimize results and effectiveness. The session will cover the following items.
Perspectives of those outside the profession on what a risk manager does and worries about.
The risk management function, items risk managers get involved in and what they influence
Enterprise Risk Management
The comparison of the risk manager and safety roles
Navigation, interpretation, and application of regulations
Design of engineering, work practice, and administrative controls
Training and communication
Goals of the risk manager
Ideally be integral component of all business operations
Minimize premium and insurance costs while maximizing insurance coverage
Manage claims and related expenditures
Regulatory compliance (SOX, OSHA, DOT, EPA, ACA, EEOC, FMLA, etc.)
Favorable Contract Terms (Risk Transfer)
Minimize impact of lawsuits