Enterprise Risk Management Archives

Big Changes Starting 4/1/24 for the PCRB Experience Rating Plan

August 30, 2023 / by Danielle Latronica / Announcements, Blog, From Ingrid's Desk

Authored by Ingrid Dunlap A statement was recently released by the Pennsylvania Compensation Rating Bureau that the Pennsylvania Insurance Commissioner has approved the revised Experience Rating Plan on August 18, 2023. Below are the key points being made that we should be aware of. Key changes to the approved Experience Rating Plan (ERP) are as […]

An Enterprise Risk Management Approach to Establishing Whether to Purchase Pollution Insurance

March 26, 2022 / by KMRD Partners / Blog, General

Many companies can have potential exposure to pollution related incidents. To understand your company’s specific needs for pollution liability insurance coverage, this article includes 10 situations to help identify potential pollution-related exposures. Before reviewing these situations, though, take a look at this 5-step program to help management teams identify and remediate the full spectrum of […]

What to Look For In An Outsourced Risk Management Team

March 19, 2022 / by KMRD Partners / Blog, General

The risk management process is the deliberate and methodical identification, measurement and prioritization of risks resulting from unplanned events. This process is paired with the application of resources to minimize, monitor and control the probability and/or impact of events that can range from the sudden death of a key person to the loss of a warehouse and […]

Reducing Distracted Driving with “This App Saves Lives”

May 13, 2021 / by KMRD Partners / Blog, Risk Control, Webinars

For those who missed our webinar on reducing distractive driving with “This App Saves Lives” … here is a recording! At KMRD Partners we believe that risk management shouldn’t just be seen through an insurance lens. Rather it should also be viewed as a way to make everyday life experiences safer. We always look for […]

Innovative Safety – Meet FRED; The Material Handling Robot with SuperPowers

April 2, 2019 / by KMRD Partners / Blog, From Bob Dietzel's Desk, Risk Control

By Doug Fastuca and Bob Dietzel, ARM, CIC FRED is a hard working automated guided vehicle (AGV) that can make a difference in your business. For significantly less than other AGVs, you can be up and running with FRED in no time—without the need of IT support. Four reasons why FRED is the right choice: FRED […]

The Benefits of Enterprise Risk Management

June 28, 2018 / by KMRD Partners / Blog, Risk Control / 0 comments

The benefits of enterprise risk management provide company leaders and other stakeholders with a structured intellectual framework to help plan for and cope with the vicissitudes of a constantly shifting business environment. The benefits of Enterprise Risk Management (ERM), a plan-based business strategy, enable business executives and senior staff members to achieve key organizational goals: Identify potential […]

The Importance of Making Informed Decisions: A Basic Overview of Enterprise Risk Management (ERM)

April 5, 2018 / by KMRD Partners / Blog, From John's Desk, Human Capital & Benefits Solutions

By John E. Garber, Jr., SPHR, SHRM-SCP There are a few pitfalls associated with the “traditional” risk management approach. In the traditional approach to risk management, there is one-dimension assessment of risk, loss prevention and insurance. Risk is managed in a “siloed” manner and is typically reactionary. Risk is considered in “negative” terms. The alternative approach […]

WannaCry Ransomware: Everything You Need to Know

May 16, 2017 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments

Risks in a business from data breaches and other malicious cyber acts just keep on growing. Due to potential limitations of standard liability coverage when dealing with the evolving cyber environment, forward thinking organizations are transferring their risk to cyber insurance products. While WannaCry ransomware cyber-attacks have slowed since being initiated on Friday, vigilance remains the […]

5 Top Risks In A Business; Cyber Is A Big One

March 7, 2017 / by KMRD Partners / General, Insurance Coverage, Risk Control / 0 comments

While risks in a business can range in size and potential impact, many can lead to serious financial consequences. There are many risks in a business. Below are five that can do the most damage: Flooding Pennsylvanians can be grateful for many things, including a great abundance of scenic rivers and streams. In fact, Pennsylvania […]

What To Look For When Purchasing Insurance For Your Business

November 7, 2016 / by KMRD Partners / Insurance Coverage

Organizations rely upon business insurance to protect them from the risks and potential threats to their successful and continued operation. Below, we have listed and explain eight common types of insurance for your business. A licensed, reputable broker like KMRD Partners can help you choose the right insurances for your business by determining which coverages meet […]

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