A challenge that seems to regularly arise in organizations is how to reduce the unintentional direct or collateral damage done to a company and insurance carrier by employee mistakes, oversight, and victimization - both internal and external.
How do you measure and mitigate this inevitable issue? The reality is that it cannot be fully prevented, just as crime cannot be completely stopped and traffic accidents totally prevented. In business, the risk of loss cannot be accurately and fully measured either. Just as a fire department cannot say how many fires did not happen each year as a result of their educational efforts and placement of resources, a company cannot forecast how many accidents, victimizations, or insurance claims were prevented by training.
What CAN be done, however, is that companies and insurance carriers can and should take a “reasonable and substantial effort,” to help prevent or minimize these events. Red Folder Solutions provides the tools and resources to accomplish this.