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Risk Management: Insurance, the Law, & Workplace Violence
Two topics often overlooked, ignored, or just plain run away from in fear are the areas of insurance and the law. Both of these topics should be a part of the overall risk management process, but are often misunderstood.
A third topic that is often not included in the business continuity and risk management process is the threat of workplace violence.
This month's ICORrespondence Newsletter focuses on each of these topics presented by experts in each area. ICOR appreciates the submissions of our authors - Denis Bender, Joshua Grossman, Terri Howard, Steve Albrecht, and Jay Rosenblatt.
 Have You Visited ICOR's Library?
ICOR's library is filled with information that may be valuable to you. Complete articles and presentations are available only to members, but the other books are open to all.
If you know of a resource that should be included in ICOR's ICORrespondence Newsletter and library that can be shared, please send your suggestions to lynnda@theicor.org. | |
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The Legal Responsibility of Directors and C-Level Officers
Everyone is aware that business is exposed to risks. Those risks are on a continuum: inconveniences (traffic delays), disruptions (local fire, flood), disasters (earthquakes, SARS, West Nile Virus, terrorist attacks), catastrophes (9/11, Tsunami and Katrina).
Any of these risks will affect the ability of that business to continue operating, limiting or eliminating access to its critical data, applications and facilities. Failure to manage and mitigate those risks is negligence, and will result in legal exposure to directors and C-level officers.
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Risk Management & Workforce Violence Prevention: The Employee Threat Assessment
Does your organization have a policy and strategies in place to deal with the issue of workplace violence?
This presentation provides an outline of what every organization should have in place to mitigate the risk of workplace violence.
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Assessing Your Legal Vulnerability: A Tool for Evaluation and Contingency Planning
Jay N. Rosenblatt, Business Lawyer at the Law Firm Simpson Wigle LLP
Businesses know what they know about the Business benefits of Business Continuity, but the large percentage of Businesses don't know what they don't know about the Legal benefits of Business Continuity Planning.
By being aware of their legal vulnerability and the Legal Risks, Business will be in a better position to protect their Assets better, whether those Assets be People, Revenue or Resources.
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Risk Management & the Law: How Liable is your Organization? By Denis Bender, Professor of Law at Chapman University dbinder@chapman.edu
Risk management, emergency action planning, and business continuity all work together minimize risks, respond to an incident, and resume operations. Failure to exercise reasonable care will result in litigation, and probably liability, in today's litigious society. This paper looks at negligence, duty - foreseeable and statutory - professional standards, and the risk of complying with minimal government or professional standards. To read the complete paper link here. |
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Risk Management & Insurance: What Business Continuity Professionals Need to Know
By Joshua Grossman, One Beacon Insurance jgrossman@onebeacon.com
Business insurance concepts can be intimidating to continuity planning professionals whose responsibilities are primarily focused on mitigation, response and recovery efforts rather than risk transfer. The natural tendency for a BCP practitioner unfamiliar with insurance terminology and/or contractual language might be avoidance.
However, risk transfer via insurance, can be an important mechanism for funding response and mitigation efforts. This article explores how the BCP practitioner should be engaged in insurance purchasing decisions which ultimately could impact the success of response and recovery efforts.
To read the complete paper link here. |
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The annual tab for violence and stress-inducing hostility in the workplace-comes to about $13.5 billion in medical costs, and 500,000 workers missing 1.75 million days of work.
Workplace violence is often overlooked in risk assessments. Properly assessing and controlling the risk of workplace violence should be a part of every risk management program.
For the complete presentation click here |
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Shop at ICOR's Shopping Mall for Books and Splat Toys!
 Shop in ICOR's Bookstore for those books you've seen at conferences sold by Breakpoint Books. Now get them on our website at your leisure and they will be mailed directly to you! Watch for new titles arriving this month! Looking for a way to demonstrate resilience to your boss or at a workshop? Now available at ICOR's Shopping Mall - the famous Splat Toys!
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The International Consortium for Organizational Resilience (ICOR) was founded to respond to the growing market need for a single avenue of access to the many offerings of education and credentialing expertise that is easily accessible and usable worldwide.
We are a not-for-profit education and credentialing organization that provides professional development, certification, thought-leadership, and the latest in research and industry trends.
ICOR provides the solution to organizational resilience - throughout the world.
Please contact us to find out more! info@theICOR.org or call 1.866.765.8321 or +1630.705.0910. |
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