Every business has risks involved but every risk can be mitigated.

Is Your Business RiskWise?

Rising expenses along with finding skilled workers are among the biggest challenges businesses face; ones that directly affect their bottom line. That’s why Federated Insurance has developed a program that’s designed to raise your employees’ skills and safety knowledge, thereby reducing accidents and expenses.

RiskWise has all the essential tools to help you create, implement and maintain a company safety program, with a focus on identifying, communicating and controlling hazards that threaten your employees’ safety.

To give you an idea of how RiskWise works, we’ve shared the steps you can take to start your own safety program, no matter what business you’re in.

Before figuring out how to protect your business against hazards, you’ll need to identify them first. Once you’ve done that, start looking for opportunities to make your workplace safer and remember them for when you put together your action plan.
Reflect back to any incidents where a worker was hurt on the job, even if their injury was minor. Think about all the factors which contributed to the accident – especially the ones that were beyond the employee’s control. What steps could you take, both physical and procedural, to prevent it from happening again?
The best time to teach employees how to work safely is before they actually start working. Have your new hires trained in general safety procedures by senior staff prior to assigning them any tasks. At the very least, make sure they know escape routes, fire extinguisher locations and where to find first aid kits.
Once you’ve covered the basics, move onto the more technical aspects of safety for that particular position. This must be conducted by qualified personnel, documented and filed away.
While training is key, regular safety meetings are just as important. They’ll give you and your team a chance to raise concerns and suggestions, go over any recent incidents and present any new policies you’ve added to your safety program.
Making sure employees are prepared is one thing, but your work isn’t done until safety hazards and the risks that come with them are reduced or ideally removed.
By now all your employees should know where the fire extinguishers and first aid kits are located. The next step is learning to use them effectively. Each staff member should be familiar with the first aid kit’s manual, log book procedures and using its communication device to contact an ambulance. Fire extinguisher-wise, make sure you at least cover the P.A.S.S. technique. (Pull, Aim, Squeeze, Sweep)
In addition to training employees, keep them safe by providing personal protective equipment (PPE). Make sure all tools and equipment they use are in proper working order with all their safety features intact. Lastly make sure your safety policy and training manuals are available to all your employees in writing in case they ever need to refer back to them.

RiskWise can be tailored to specific businesses like contracting, dealerships, grocery stores and service garages. It also includes risk-management resources like

  • Policy statements
  • Forms
  • Checklists
  • And our popular Partners in Prevention loss prevention bulletins.
These materials are just the beginning. You’ll also be able to sit down with one of our experts who will assess your business needs and design a program to accommodate them. Our experts can also help in establishing your new safety program or build on an existing one.

Implementing the strategies from the safety program and sharing them with your staff will put your business on a fast track to increased safety, reduced risk of injuries, controlled costs and a better bottom line. Whether you’re a small, large or mid-sized company, RiskWise is a smart choice.

Talk to an Advisor now!

RiskWise is exclusively available to Federated Insurance clients.

To access RiskWise or learn more about your coverage options, talk to an Advisor today.
Talk to an Advisor now!