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How to Identify Future Safety Exposures

Indentifying-Safety-Exposures

The best way to predict the future is to create it. Peter Drucker

In light of recent news about the Amtrak crash that killed eight people and injured hundreds, lots of experts have told us that this tragedy might have been averted with existing technology. According to the Wall Street Journal, a signaling system that would have prevented the accident already existed on the southbound side of the tracks but not the northbound side. This could have been an even easier and cheaper solution than the pricier positive train control system that has been scheduled for installation before the end of the year.

 

It's hard to know if budget concerns or simple disbelief that such an accident would ever happen prevented prompt installation of effective safety measures, but now the company has to deal with all of the fallout from an avoidable tragedy. Amtrak has to deal with bad press, a reduction in employee morale, and large monetary losses. If there is anything positive to say, this tragedy certainly underscores the importance of safety management in order to keep people safe and happy and protect bottom lines.

How to Identify Future Safety Exposures

These are some suggestions to help management identify future safety exposures and not wait until an accident has already happened:

  • Study historical data: Risk managers might not have crystal balls, but they do have the ability to analyze incidents from their own company and similar enterprises. A quality risk management information system can help keep accurate and updated information all in one place, and it can also produce reports that make it easier to spot trends that are likely to highlight future risks.
  • Get help from consultants: Outside consultants can bring in information from many similar or related industries, so risk managers don't just have to rely upon their own company's experience. Good consulting services can pay for themselves many time over if accidents get predicted and prevented.
  • Listen to insurance companies and brokers: Since insurance is such a key component of risk management, many brokers and insurance companies offer risk management advice as a service. Also, many suggestions that insurance professionals make to help lower rates are made because they help reduce risks of property damage, injuries, and work-related illnesses.

The Ventiv Technology Safety Management Software Suite

As leaders in safety and risk management platform technology, we at Ventiv Technology believe our products hold the key to helping your company keep up with risk trends, enforce safety compliance, communicate with management and insurance professionals, and enjoy a safer and more profitable future. The numbers don't lie, but that is only true when you have reliable data to base your actions on and good reporting in order to read and understand the data.

We work to help protect hundreds of successful companies with our ERM software, and are eager to demonstrate what our products can do for your business and your people. Learn more about safety management solutions today.

RMIS Guide

May 21, 2015

 | Originally posted on 

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