There are five steps to risk management:
The most important step is “Identify” because you can’t Analyze, Control, Finance or Measure what you don’t know. Insurance is “NOT” risk management. Insurance is “FINANCING” risk. Managing risk 365 days a year vs. buying insurance 1 day a year is the key to lowering the total cost of risk (TCOR) for business.
Unbuckled occupants “become a back-seat bullet” in a crash, says Pam Fischer, state highway traffic safety director. In collisions, experts say, unbelted passengers in the back seat continue to move at the same rate of speed as the vehicle they’re in until they hit something — seat back, dashboard, windshield or people in the front seat. Yet many view the back seat as somehow safer.
via States expand seat belt laws to cover rear-seat riders – USATODAY.com.
Accidents are more expensive than most people realize because of the hidden costs. Some costs are obvious — for example, Workers’ Compensation claims which cover medical costs and indemnity payments for an injured or ill worker. These are the direct costs of accidents.
But what about the costs to train and compensate a replacement worker, repair damaged property, investigate the accident and implement corrective action, and to maintain insurance coverage? Even less apparent are the costs related to schedule delays, added administrative time, lower morale, increased absenteeism, and poorer customer relations. These are the indirect costs — costs that aren’t so obvious until we take a closer look.
via Safety and Health Management Systems eTool | Module 1 – Safety and Health Payoffs – Costs of Accidents.
For those that run a business the “cost of risk” formula needs to be understood and managed because it directly effects the bottom line.
The formula looks like this:
Cost of Risk = Insurance (transfer risk to an insurance company by paying a premium) + Retention and Deductibles (The business portion of any loss of uninsured loss) + Inside Admin Costs (internal staff the handle safety training, claims handling, etc) + Outside Services ( Loss Control, Outside Experts, Health Coaches, Employee Assistance Plans) + Indirect Costs (Loss of productivity, Loss of Key Salesman resulting in Lost Customers, Absenteeism)
This formula is like gravity… it’s there whether you like it or not. Manage it and you thrive but mismanage it will cause you to fall hard.
While we work hard to turn cars into the cure and eliminate drunk driving forever, families must continue to be vigilant on our roadways. You can help protect your family from drunk drivers by looking for these signs of intoxication among other motorists:
- Quick acceleration or deceleration
- Weaving or zig-zagging across the road
- Driving anywhere other than on a road designated for vehicles
- Almost striking an object, curb, or vehicle
- Stopping without cause or erratic braking
- Drifting in and out of traffic lanes
- Signaling that is inconsistent with driving actions
- Slow response to traffic signals (e.g. sudden stop or delayed start)
- Straddling the center lane marker
- Driving with headlights off at night
- Driving slower than 10 mph below the speed limit
- Turning abruptly or illegally
- Driving into opposing traffic on the wrong side of the road
via MADD – How to spot a drunk driver.
Although safety belt usage continues to increase, many groups of people, especially teens, still are not buckling up. In 2009, 67 percent of the passenger vehicle occupants ages 13 to 15 killed in motor vehicle crashes were not using restraints – the highest percentage out of all age groups. Keep your family safe by always buckling up and setting an example that will have a lasting impact on your children.
via Motor Vehicle Safety – Distracted Driving, Teen Driving, Aggressive Driving.
One of the best ways to avoid further accidents is to understand how an accident occurred and how to avoid that type of accident in the future. The accident investigation is a tool. The goal is not to lay blame. The goal in an accident investigation is to:
- Satisfy legal requirements (National Institute for Occupational Safety and Health? NIOSH, and Occupational Safety and Health Administration?OSHA)
- Find out what happened and determine immediate and underlying or root causes.
- Rethink the safety hazard.
- Introduce ways to prevent a reoccurrence
- Establish training needs.
- An accident, a near miss and an incident should all be investigated.
- Accident investigations are a tool for uncovering hazards that either were missed earlier or require new controls (policies, procedures or personal protective equipment).
- Near-miss reporting and investigation identify and control safety or health hazards before they cause a more serious incident.
- Incident investigations should focus on prevention.
ACCIDENT — an undesired event or sequence of events causing injury, ill-health or property damage.
NEAR MISS — near misses describe incidents where, given a slight shift in time or distance, injury, ill-health or damage easily could have occurred, but didn’t.
INCIDENT — an incident is an unplanned, undesired event that hinders completion of a task and may cause injury or other damage.
via Workplace Safety Toolkit.
Preventing “Backover” or “frontover” tragedies
Danger can come from any direction, and parents must be aware of the risk of “backover” or “frontover” incidents. Many of these preventable injuries and deaths occur in driveways or parking lots when drivers are unaware children are near vehicles. Tragically, these drivers are often family members or friends of the injured child.
Parents, caregivers, drivers, and kids can all do their part to make sure that children do not share the same space as vehicles.
- Walk all the way around your parked vehicle to check for children – or anything that can attract a child like pets or toys – under or behind your vehicle before getting in and starting the engine.
- Accompany young children when they get in and out of a vehicle.
- Identify and use safe play areas for children away from parked or moving vehicles. Block driveways so cars cannot enter and exit.
- Designate a safe spot within a driver’s sight for children to wait when nearby vehicles are about to move.
- Firmly hold the hand of each child when walking near moving vehicles and when in driveways, in parking lots or on sidewalks.
via Spot the Tot.
Preventing serious injuries and deaths from motorcycle crashes is a major and growing public health concern.
- Motorcycle crashes killed 5,290 people in 2008.
- The number of motorcycle-related deaths increased every year between 1997 and 2008.
- Motorcycle crash-related injuries and deaths totaled $12 billion in one year, in medical care costs and productivity losses.
- Helmets are estimated to prevent 37 percent of fatal motorcycle injuries for motorcycle riders (operators) and 41 percent of fatal injuries for motorcycle passengers.
via CDC Features – Motorcycle Safety: Helmets Save Lives.
Bike riding is a lot of fun, but accidents happen. Every year, about 300,000 kids go to the emergency department because of bike injuries, and at least 10,000 kids have injuries that require a few days in the hospital. Some of these injuries are so serious that children die, usually from head injuries. A head injury can mean brain injury. Thats why its so important to wear your bike helmet. Wearing one doesn’t mean you can be reckless, but a helmet will provide some protection for your face, head, and brain in case you fall down.
via Bike Safety.