Given the number of unforeseen events that can affect the smooth running of a business, it makes sense to have risk management strategies in place to ensure your company can cope with them.
Training
Spending a certain amount ? say three per cent of the company?s gross profits ? on staff training is one useful strategy. Whether it is training staff to work remotely, so that your business can handle periods of extreme weather, or health and safety training to minimise risks of illness or injury, this should reduce danger to your business.
Health and safety
Although it makes sense to train your staff, you should also make sure that you have a qualified medical professional selected to deal with injuries in the workplace, should they arise. Establishing this kind of relationship with a doctor based locally and specialising in workplace accidents can save money on more minor injuries to staff while in the office space.
Remote working
Any business based in the UK is likely to find itself dealing with periods of extreme bad weather, and the problems of getting to and from the office space can paralyse businesses for the duration. Implementing remote working strategies will ensure that your business has a way of maintaining trading and customer communications, even when employees are unable to travel due to conditions.
Insurance
Making sure that you report any injuries in the workplace as promptly and accurately as possible will reduce the risk of having to pay over the odds in costs, while also making thorough investigation of the accident much easier.
Source: http://www.mwbex.com/industry-news/index.php/2013/03/27/risk-management-tips-for-businesses/
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