Risk Management Services

Beyond insurance.

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Risk management since 1898.

At McClure, Bomar & Harris, LLC we are proud to go beyond insurance by offering additional risk management services outside our main lines of insurance coverage.

We provide many products and services in the areas of risk management:

Safety Program Development

The main goal of safety and health programs is to prevent workplace injuries, illnesses and deaths, as well as the suffering and financial hardship these events,  can cause for workers, their families and employers. Traditional approaches are often reactive –that is, problems are addressed only after a worker is injured or becomes sick, a new standard or regulation is published or an outside inspection finds a problem that must be fixed. MBH helps its clients with a proactive approach to managing workplace safety and health driving down direct and indirect costs.

OSHA Compliance

An OSHA inspection can be both time consuming and expensive. Too often employers are ill-prepared to face the inspection. MBH can help you prepare for an OSHA audit to make the inspection as painless and cost-effective as possible.

Employee Manual Development

Employers use handbooks to provide a consistent set of policies and procedures. They also use handbooks to describe working conditions and the workplace behavior and contributions they expect from employees.

Employers also use the policies in an employee handbook to provide the roadmap to the ethical and legal treatment of employees. They protect themselves from lawsuits, such as harassment claims, wrongful termination claims and discrimination claims. Employee handbooks generally contain a code of conduct for employees that set guidelines around appropriate behavior for the individual workplace.

MBH can help you develop this “first line of defense” against any lawsuit from a disgruntled employee.

Fleet Safety

Auto insurance is the most rapidly increasing line of insurance coverage in the United States. Auto accidents have proven to be extremely costly to employers. In almost every case, when a driver gets into an accident, you are dealing with both vehicle and—assuming an injury occurred—driver downtime. That adds up quickly.

In fact, fleet vehicle accidents are among the most costly injury claims for a business. The average cost for a single fleet-related accident is around $70,000 and much more in Louisiana, according to the National Highway Traffic Safety Administration (NHTSA). That’s almost twice as much as the average workplace injury, which is about $36,000 per injury. Simply put, it is costly to put off implementing a comprehensive fleet safety program.

MBH has effective tools and policies to help clients implement an effective fleet and driver safety program.

Substance Abuse Programs

Substance abuse is common and the costs of substance abuse are high for employers. Of the 20 million adults classified as having problems with substance dependence or abuse, approximately 12 million (60%) were employed full time. In addition to higher absenteeism and lower job productivity and performance, substance abuse also leads to greater health care expenses for injuries and illnesses.

The employer is key to the success of a drug-free workplace policy, as well as the strategies and programs that support that policy. An effective policy is buoyed by a positive workplace culture, which is sustained by employers espousing the policy.

Workplace leaders must show support and set the right tone for your drug-free workplace efforts. Employees need to understand the rationale for the policy and program in ways that are practical, personally meaningful and relevant to their job responsibilities. When an employer takes this approach, employees are more likely to want to participate.

MBH can help develop a proper substance abuse program for your company to help lessen the effects of this epidemic.

Third Party Contractor Verification Website Administration

Third-party organizations, such as ISNetworld®, PEC Premier®Avetta®BROWZ®ComplyWorks®Veriforce®,Textura®, and others verify contractors as compliant and safe prior to working. The verification process is involved and often complex and includes detailed online account set-up and written manual requirements. MBH will help you submit the correct information so that you can easily qualify to work with those clients that require this service.

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Risk Management

Risk Management

Risk Factor

Every business faces risk. The level and type of risk will vary based on multiple factors including industry, size, and location, among others. Risk can never be fully eliminated, but it can be reduced.

Solution

Risk management is the practice of taking proactive steps to identify and mitigate risk. It’s a broad topic that involves many areas of a business, from personnel and technology to safety and compliance. Risk management can not only help a business identify what risks need to be insured, it can also pinpoint ways to reduce.

Compliance

Risk Factor

Staying compliant is hard. The laws for many facets of business are ever-changing. Employee handbooks can become out of date. Employment and other contracts can contain problematic language if not handled properly. Employee relations and human resources concerns can get complicated.

Solution

There are insurance coverages like employment practices liability insurance (EPLI) and directors and officers liability insurance (D&O) that can help pay for the legal costs of defending lawsuits against the business, but risk management can help shed light on areas of the business where process improvement and consistent practices could help avoid litigation.

Employee Training

Risk Factor

Employees can make mistakes for a number of reasons. Sometimes, it’s simply the result of a lack of education. Some businesses may choose to skip training because they don’t have the time or resources to devote, but this can lead to mistakes and accidents.

Solution

Conducting employee training can reduce risk. For example, sexual harassment training often helps businesses avoid lawsuits. Safety training is essential to avoid workplace injuries. Many insurers will help companies provide employee training as a cost-saving measure.

OSHA Requirements

Risk Factor

The Occupational Safety and Health Administration (OSHA) sets and enforces standards aimed at ensuring the environment in which employees work is safe and healthful. Employers are required to comply with these standards and OSHA may audit workplaces to verify compliance. Employers that fail to comply can be faced with hefty fines.

Solution

Lockout/tagout, hazard communication, and powered industrial trucks standards, among others, all require specialized programs. Utilizing outside resources to create and train employees on these programs can be a cost-effective solution that ensures your business is doing everything possible to meet required standards.

Safe Driving

Risk Factor

If your business involves driving, you know that safety is paramount. Failure to drive safely not only endangers the lives of your employees and the general public, but it can also have costly repercussions for the business.

Solution

Increasing driver safety is a cost-effective risk management tool. Classes and seminars can be effective resources. Telematic programs allow businesses to see every move a driver makes. Driving simulators can offer hands on training for drivers of trucks, school buses, agricultural haulers, and other vehicles to prepare them for scenarios they may face out on the road.

Location Hazards

Risk Factor

When it comes to weather and natural disaster related losses, where your business is located impacts the kinds and level of risk it faces. Fires, hurricanes, blizzards, tornadoes, earthquakes and other events can cause major losses to your business.

Solution

While it’s impossible to control the weather, it is possible to lower the risks the weather poses. Risk management involves assessing which events are most likely and what steps a business can take to protect their building and contents, their employees, and other systems.

Technology

Risk Factor

Technology failures can be extremely detrimental to an organization. Problems can arise from power outages or surges, cyber-attacks, or telephone and communication failures.

Solution

Understanding what risks the technology your business uses is susceptible to, the processes a tech failure could affect, and how to prevent losses from tech failures is an essential part of risk management. This can help determine the proper insurance policies that are needed, such as cyber liability, property, and business interruption coverage.

McClure, Bomar & Harris, LLC is an independent insurance agency made up of exceptional, passionate people focused on protecting you from the unexpected.

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