Top 10 Risk Management Articles from 2016

By Lowers & Associates,

The end of the year is a great time to reflect and with that, we like to share our most-read articles of the year. This year’s top articles highlight a strong focus on workplace violence risk management, including active assailant concerns. More than ever, prediction, preparation, and prevention measures are needed to keep each workplace safe. Take some time to read through our top risk management articles from 2016 and plan for a safer and more productive 2017.

1. [Infographic] How to Address the Threat of an Active Assailant Incident in Your Organization

Each and every employee and community member deserves to feel safe. OSHA requires it, labeling it as an organization’s responsibility to provide a safe workplace. Tragically, with a growing number of active assailant incidents happening all around the country, this threat is more relevant than ever before. Over a two-year span, 26 states experienced 40 active assailant incidents, resulting in more than 230 casualties.

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2. Building a Culture of Compliance around BSA/AML – Guidance from FinCEN

In simpler times, the Bank Secrecy Act (BSA) regulated the Anti-Money Laundering (AML) activities of banks, as the name implies. In our globalized and networked world, it has expanded to cover financial institutions ranging from the biggest banks to mom and pop check cashing, or money transfer operations running out of storefronts in a mall. The Financial Crimes Enforcement Network (FinCEN) has launched actions against businesses across this spectrum for violations of BSA/AML requirements.

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[Infographic] The Impact of Workplace Violence

By Lowers & Associates,

workplace violence infographic

Violence in the workplace undeniably affects the individuals who are directly attacked. But the impact also extends far beyond these direct victims to co-workers, clients, executives, shareholders and even out to the community. There are direct losses related to medical bills, workers’ comp and legal fees, as well as indirect losses reflected in diminished productivity, low morale and negative publicity – all of which can damage a company’s reputation long-term. The impact is extensive and can carry a tremendous cost.

“It is not just the victims, who are injured… the workplace also pays a price with disengaged performance and increased health risks… It is imperative, to the business bottom-line, that employees are protected…” — The Roadmap to Mental Health and Excellence at Work, 2005

Prevention is key.

Learn about what constitutes workplace violence, who is at the greatest risk, and what can be done to proactively predict, prevent, and quickly recover from incidents in our latest infographic.

… Continue reading

Why Hope is Not a Risk Management Strategy

By Lowers & Associates,

Low-probability, high-impact events are something that most individuals and organizations would rather ignore. After all, chances are it won’t happen to you. Serious workplace violence events, active shooter incidents, and other unsavory threats are on the rise but it’s easier to assume it will happen to someone else. We don’t want to think about our own mortality or that of our organizations. Instead, we hope it won’t happen to us, to our employees, to our customers, or to our communities.

But then there are these facts:

  • 18% of all crimes committed occur in the workplace
  • Jury awards in workplace violence cases typically run in the millions of dollars
  • 70% of active shooter incidents occur in business or educational environments
  • Workplace violence is the number one cause of workplace fatalities for women

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[Infographic] Workplace Violence Prevention: What You Need to Know to Build a Safer Workplace

By Lowers & Associates,

workplace violence

The effects of workplace violence are wide and long lasting. Each year millions are affected, from employees to executives, impacting business from productivity to profitability.

Many acts of violence are preventable, with the main responsibility resting in employers’ hands through proactive prevention. When violent acts do occur, having a plan in place can mitigate and prevent escalation.

OSHA requires employers to “provide employees with a workplace free from recognized hazards likely to cause death or serious physical harm.”

Our latest infographic outlines the dimension of this epidemic problem, how far the impact extends, and what to do to predict, prevent, and recover from incidents. Learn how to recognize the stages of workplace violence and the components of an effective prevention program. … Continue reading