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Risk Management, Risk Management, Insurance, & Crime Insurance, & Crime Prevention Prevention

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Page 1: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

Risk Management, Risk Management, Insurance, & Crime Insurance, & Crime

PreventionPrevention

Page 2: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

Risk & Risk ManagementRisk & Risk Management

Risk ManagementRisk Management Two types of RiskTwo types of Risk

Pure riskPure risk Speculative riskSpeculative risk

How to Cope with RiskHow to Cope with Risk Risk avoidanceRisk avoidance Risk preventionRisk prevention Risk transferRisk transfer Risk assumptionRisk assumption

Page 3: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

InsuranceInsurance

Types of CoverageTypes of Coverage Fire insurance policyFire insurance policy Business interruption coverageBusiness interruption coverage Casualty insuranceCasualty insurance Professional liability (malpractice)Professional liability (malpractice) Product/service liability insuranceProduct/service liability insurance

Page 4: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

InsuranceInsurance

Types of coverage (cont’d)Types of coverage (cont’d) Workers’ compensationWorkers’ compensation Group health & life insuranceGroup health & life insurance Business owner’s insuranceBusiness owner’s insurance Key person insuranceKey person insurance Fidelity and surety bondsFidelity and surety bonds

Page 5: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

Choosing an InsurerChoosing an Insurer

Independent insurer v. company repIndependent insurer v. company rep Red flagsRed flags What to look forWhat to look for

Financial stability and safetyFinancial stability and safety Specialization in your industrySpecialization in your industry Ability to customize policyAbility to customize policy CostCost

Renewing criteriaRenewing criteria

Page 6: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

Crime PreventionCrime Prevention

Reducing workplace violenceReducing workplace violence Training managersTraining managers

Armed RobberyArmed Robbery OSHA guidelinesOSHA guidelines Store layoutStore layout Securing entrancesSecuring entrances Using security dogsUsing security dogs Control handling of cashControl handling of cash Redesign surroundingsRedesign surroundings

Page 7: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

Crime PreventionCrime Prevention

TheftTheft ShopliftingShoplifting

AmateursAmateurs KleptomaniacsKleptomaniacs ProfessionalsProfessionals

Employee TheftEmployee Theft Theft PreventionTheft Prevention

Page 8: Risk Management, Insurance, & Crime Prevention. Risk & Risk Management Risk Management Risk Management Two types of Risk Two types of Risk Pure risk Pure

White-Collar CrimeWhite-Collar Crime

CausesCauses ExamplesExamples Minimizing White-Collar CrimeMinimizing White-Collar Crime

Economic Espionage At of 1996Economic Espionage At of 1996 Ralph Nader’s suggestionsRalph Nader’s suggestions Monitor employeesMonitor employees

Document SecurityDocument Security Safeguarding EmployeesSafeguarding Employees