2 min read

Unorthodox Risk Management Techniques Can Have Real Benefits

Feb 1, 2013 5:00:00 AM

The term ‘risk management techniques’ automatically brings certain images to mind. You picture safety goggles, staircase handrails and insurance policies. It can be hard to imagine anything other than the standard measures to control risk. You think of a risk, and then you think of something that would protect you from it.

That usually means a physical object, or financial measure that protects your business. What we often forget is that the best risk management techniques are the ones that have a positive long-term effect on the business. That means finding measures that do more than mitigate or prevent risk; measures that improve productivity, morale, efficiency or simply make the workplace better.

Construction Workers and Stretching

Which brings us to an interesting trend that’s developing in the construction industry. Construction companies have started to arrange formal stretching sessions each morning before work.

In each situation the construction company has engaged an expert to come in and design specific exercises to help its workers stay fit and healthy while on the job. It may be an unorthodox risk management technique but it appears it be an effective one. And it perfectly demonstrates the variety of risk management options available to businesses.

Risk Management Benefits

When implementing risk management techniques the first target is to mitigate the risk. Stretching for construction workers helps them to stay loose and avoids potential muscle or strain injuries. It also comes with plenty of added benefits.

Reports from companies indicate the classes help with morale and make for a happier workplace. Fitter, healthier workers are happier workers and according to recent reports, even the most reluctant workers have come to enjoy the classes.

Effective risk management techniques usually involve a combination of specialties, from insurance, to liability, to safety. In this instance a fitness expert helped to reduce injury risks on construction sites. Whenever you assess your own business risks you should be open to any measure that can help your business, even the ones you don’t immediately expect.

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Topics: Risk Management
Gibson

Written by Gibson

Gibson is a team of risk management and employee benefits professionals with a passion for helping leaders look beyond what others see and get to the proactive side of insurance. As an employee-owned company, Gibson is driven by close relationships with their clients, employees, and the communities they serve. The first Gibson office opened in 1933 in Northern Indiana, and as the company’s reach grew, so did their team. Today, Gibson serves clients across the country from offices in Arizona, Illinois, Indiana, Michigan, and Utah.