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H o r e n b e r g I
n s u r a n c e S e r v i c e s, I n c.
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 Risk
Management |
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Risk management is a critical activity for two reasons. First, an effective loss prevention program provides a safer environment for both clients and employees. Secondly, effective risk management can significantly reduce insurance costs. Two key risk managment areas are driver selection and fleet safety. Risk management recognizes and responds to dangers that interfere with community action agency's services and operations. Insurance is a safety net and only one tool of many in an effective risk management program. Effective risk management identifies threats, controls loss (preventing loss and reducing the severity should a loss occur), safeguards against unauthorized use of funds, protects against injury, and takes appropriate action to ensure legal compliance. Because no amount of care can eliminate every possible danger, it also offers tools for financing losses. Basic risk management typically entails four basic steps:
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