There are numerous factors that can contribute to higher workers’ compensation expenses for an organization. Specifically, one emerging cost driver is the concern of comorbidities.
Category: Risk Management
Risk management is the method and discipline used to address business uncertainty. In the last half of the twentieth century, risk management developed from a group of vague, unorganized concepts, relying heavily on common sense, to a highly developed and organized discipline that enables organizations to anticipate losses and suggest actions to take to prevent or reduce those losses.

Understanding Risk Management
Unknown events can upset even the best predictions of performance and prevent individuals and organizations from accomplishing expected results.
Risk: The Cost of Doing Nothing
We have used a simple definition for Alternative Risk Transfer (ART), referring to any method used by an entity to shift the cost of a risk to another entity, but without the use of traditional (standard, commercially available) insurance. However, even this simple, broadly applicable term ignores an important aspect of ART. When an entity […]