ASA Association Partner Spotlight: Federated Insurance
Creating a risk management culture at your business.
Establishing and promoting a culture of risk management can have a significant impact at your business. Emphasis on workplace safety and loss prevention — from senior management to frontline employees — can help businesses run more efficiently and avoid errors that could dent or break your bottom line.
Every injury, lawsuit, poor hire and missed opportunity to plan ahead can lead to losses. Insurance can help pay for some of the direct costs of a loss, such as property damage, medical bills and legal expenses, but your business is responsible for some related expenses such as: hiring and training new employees, lost productivity, low morale, damaged reputation and potentially higher insurance premiums. With this in mind, prioritizing safety, good judgment, and a solid risk management plan can help protect your people and your profits.