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3 Risk Control Mistakes You Can Avoid

Risk is a factor that involves itself in virtually every facet of life, but thankfully, risk can often be controlled. In your personal life, you may engage in risk control by choosing to save money rather than spend it. In the world of business, risk control may take on more complex tones. For example, monitoring a potentially dangerous area of a manufacturing plant is a form of risk control, but so is engaging in ongoing employee training. If you’re a business owner and you’re unsure about your company’s current risk control protocol, check out the following three risk control mistakes you can avoid:

Risk control mistakes

1. Don’t Ignore Cybersecurity

These days, the Internet is integrated with almost every single aspect of business, but many business owners make the mistake of putting cybersecurity on the backburner. Risk control certainly involves paying attention to physical safety risks within the workplace, but cyber threats are just as dangerous, if not more.

To avoid this mistake from the very beginning, you need to have a dedicated team of cybersecurity experts on staff to protect your company from hackers, identity thieves, and other nefarious cybercriminals. Failing to do so is a huge, yet easily avoidable mistake.

2. Don’t Ignore Staff Training Opportunities

Another common mistake made by business owners is to think that training employees only during the new-hire phase is going to be sufficient. Most new hires are already so overwhelmed with information upon joining a new company that it is unlikely for them to retain safety training and risk control information. Couple this with the fact that most workers eventually become complacent and you’ve got a recipe for disaster.

You can avoid this mistake by making risk control and safety training a regular and routine part of your business instead of something that takes place only when someone new joins the team. At least once every six months, have all employees, regardless of experience, undergo updated training to reduce risk.

Risk control mistakes

3. Defining Risk

Finally, you’re making a mistake by not defining and ranking risk factors. It’s one thing to say that wet floors and the use of power tools are both risks, but are they equal in the potential for damage? Can one cause more damage than the other? Answering these questions can help your organization avoid this common mistake and better identify how much focus to place on risk control in certain sectors over others. In addition, this can also help your company decide which risk control topics need to be covered in training over less important topics.

Poms & Associates Offers Expert Risk Control Services

If you’re feeling unsure about implementing risk control protocols within your own business, Poms & Associates is available to assist you. We deliver comprehensive, targeted solutions to ensure that our clients’ businesses are protected from top to bottom. Not only to we offer risk control solutions, but we also offer business insurance protection services that are provided by shopping top products to deliver the lowest prices and the best protection options. To learn more about how we can help your business contact us today!

Andrew Rusnak is an author who writes on topics that include risk control and business development.

THE 5 PILLARS OF RISK CONTROL

The 5 Pillars of Risk Control

Whatever kind of business you run, there are bound to be at least a few risks involved. Learning how to control those risks not only keeps customers and employees safe, but also benefits your bottom line.

Learn five techniques for controlling risk in your company by downloading your free copy of “The 5 Pillars of Risk Control” today.