In the equipment dealer industry, 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
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 to help enhance the company’s safety culture and operational efficiency. For more information and resources, reach out to your local Federated Insurance® marketing representative today.
JERRY LEEMKUIL is an equipment dealer specialist for Association Risk Management Services, Federated Insurance Company. For information, write to Jerry at jjleemkuil@fedins.com or call 1-507-455-5507.
This article is for general information and risk prevention only and should not be considered legal or other expert advice. The recommendations herein may help reduce, but are not guaranteed to eliminate, any or all risk of loss. The information herein may be subject to, and is not a substitute for, any laws or regulations that may apply. Some of the services referenced herein may be provided by third parties wholly independent of Federated. Federated provides access to these services with the understanding that neither Federated nor its employees provide legal or other expert advice. All products and services not available in all states. Qualified counsel should be sought with questions specific to your circumstances and applicable laws.
