Federated Insurance: Enhancing Risk Management Through Leadership

Enhancing Risk Management Through Leadership

By Patrick Cunningham, National Account Executive, Federated Mutual Insurance Company
 

In the plumbing, heating, cooling, piping and pipe-valve-fitting industries, there is plenty to consider when it comes to setting the stage for solid risk management leadership. Consider the following to lead by example and empower your team:
 

It Starts At The Top
Setting the tone from the top is critical for fostering a risk-aware culture. Leaders should model the behavior they wish to see. By taking risk management seriously, it sends a powerful message to the entire organization.
 

Leadership Responsibilities 
Risk management leadership starts at the top. As a leader, you can do quite a bit to set your team up for success.

For starters, you can consider:

• Hosting regular training sessions on safety subjects specific to your industry
• Developing sound policies, procedures, and documentation
• Setting clear expectations
• Rewarding positive behaviors
• Maintaining open communication
• Staying informed of current safety regulations and industry best practices
• Providing training, education, tools, and incentives

Proactive Planning 
Take the time to develop a proactive approach by anticipating potential hazards and implementing preventative measures.

This can involve:

• Conducting regular risk assessments
• Reviewing and updating safety policies on an annual basis
• Providing necessary tools, equipment, and personal protective equipment (PPE)
• Encouraging breaks

Everyone is a Risk Manager 
Encourage all team members, from executives to new hires, to consider themselves risk managers. Implementing this mindset can help to enhance the company's safety culture and operational efficiency. For more information and resources, reach out to your local Federated Insurance® marketing representative today.