Certificate in Fundamentals of Risk Management
Date(s) - 02/27/2023 - 03/03/2023
08:00 am - 04:00 pm
Closing the gap between safety and long-term profits.
Part I – How It Can Work for You
The initial coursework in this series addresses the basics and fundamentals of risk management. It defines the process and helps you identify, not only your business risks, but your assets exposed to loss. After prioritizing what issues may be the most threatening, or destructive, to your ongoing operations, there is discussion on effective and efficient methods to address these exposures.
Part II – Risk Financing Cost Effective Insurance and Claims Management
This second in our series will first touch on an overview of available risk management techniques and then focus on specific risk financing methods. Risk financing by insurance transfer will be covered in depth, including an understanding of broker and carrier relationships, specification details and proposal reviews. Commonly available coverages including workers compensation, general liability, auto, property coverages and others will be considered, as will approaches to insurance purchasing. Methods to capably manage the insurance claims process will then be covered.
Part III – Risk Control Measures, Program Management and the Return on Investment
The third and final part of our series starts with a focus on risk control techniques detailing methods of prevention, reduction, duplication and avoidance, for typical business risks. We then progress to practical methods for addressing common contract risk issues, including leases, OCIP/CCIP/Wrap Program management and certificates of insurance. The program concludes with a discussion on how to establish your Risk Management program, methods for benchmarking performance, measuring your returns and the true cost of risk. This certificate program is designed to help an organization develop its own comprehensive and cost effective risk management program. It is a strong compliment to an effective safety program as it addresses broader management issues that affect ongoing operations and company profitability. Each part of the series involves an active discussion, and application of topics learned, to a real world scenario of establishing an effective Risk Management program. Safety, accounting, finance and management personnel would all benefit from attendance.
Upon completion attendees will earn a Certificate in Fundamentals of Risk Management from the Chesapeake Region Safety Council
Course Includes: Student binder, USB drive with resources.
Course Time: 8:00 am – 4:00 pm
39 Contact Hours
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