risk management

  • Home
  • Posts Tagged "risk management"

Avoiding Workplace Violence: Tips And Best Practices For Hospitality Employers

Whether internal or external, violence in the workplace is an increasingly problematic issue that employers must learn to effectively minimize and prevent. This is even more important in the hospitality industry, given the constant interaction with the public, the high rate of turnover, and the added responsibility of dealing with available cash. It is imperative ...
Read more

Responding to Crisis Effectively

In crisis, efforts toward the planning, training, and coordination of resources enable an organization to surge toward the protection of its assets and operations during disruption. However, what cannot be surged is stakeholder trust and confidence. Prior to crisis, a requisite level of capabilities must be developed and maintained to provide stakeholder confidence that assets ...
Read more

To the World Cup and Beyond: Efective Risk Management

Effective risk management (against calamities such as political unrest, violent crime, health problems, ransom kidnapping, automobile accidents, building fires, and the like) is correlated with intelligent decision-making. Sending off employees to a foreign country might expose them to the risk of contracting diseases they had never before imagined, or to completely different laws and traditions—or ...
Read more

Captive Insurance: A Growing Trend For Financial Institutions Looking To Enhance Their Risk Management

For over a decade, more and more financial services companies have used captive insurance companies as part of their overall risk management strategy.  In its simplest sense, a captive insurance company is a wholly owned subsidiary of a policyholder’s parent company that underwrites and sells insurance to the parent and its subsidiary companies.  Captive insurance ...
Read more

Recent Hotel Incidents Serve as Cautionary Tales of Carbon Monoxide Health and Legal Risks

Recently media exposure regarding the dangers of carbon monoxide poisoning in hotels, motels, and resorts has seemed to increase. The issue has garnered attention among such major media outlets as ABC News’ 20/20,USA Today, andCNN. With good reason – a 2013 USA Today investigation showed that, “eight people have died and at least 170 others have been treated ...
Read more

Duty Bound

“Duty of care” is the new buzzword across the travel risk management industry, as corporate travel managers increasingly recognize their central role and responsibility in creating a strong, balanced business travel policy that protects their employees. Though duty of care has existed in common law for a long time, the application of duty of care laws to the ...
Read more

Cyber Security Risk in a Social Media World

The theft of intellectual property from the U.S. is “unprecedented,” and costs the nation an estimated $300 billion each year, according to the IP Commission Report, issued in May.  Worse, corporate employees—through their information sharing practices—are making it easy for IP thieves. Sharing information is now the way of business and social life. Companies have ...
Read more

Crime Pays – A Conversation of Fraud and Recovery

Occupational fraud and crime is a significant and growing exposure for all industries, including hospitality. In recent years, the challenging economy has helped to drive the incidence of these crimes. A study by the Association of Certified Fraud Examiners (Association of Certified Fraud Examiners: 2012 Report to the Nations) found occupational fraud caused $3.5 trillion ...
Read more

GCTRM: The Future of Duty of Care Education

Each year, HospitalityLawyer.com hosts the Global Congress on Travel Risk Management in Houston, Texas. This conference serves as a converging force for travel risk management, uniting every role (travel, legal, risk, compliance, safety and security, human resources) involved in Duty of Care in a dynamic environment of experts and stakeholders. We proudly announce the successful ...
Read more

Reputational Risk in the Modern Era

According to a recent study from Deloitte, reputational risk and fallout from bad public relations are now considered the top risk mitigation priorities for large companies. While many senior executives say they are making progress on strategic risk management issues, the broad spectrum of companies polled reported that reputational risk concerns have risen from third ...
Read more