An accident at work is impossible to avoid

Work accidents are not common as there is a huge impact from Health and Safety. Checks are carried out periodically to ensure a workplace is free from hazards, to prevent accidents. If however, they do occur, the cause of the accident is investigated and future prevention is carried out. So there is always a big helping hand from the Health and Safety Standards.

If an accident at work does occur, it’s embarrassing. Colleagues can’t believe it happened to you and become more precautious with their role. They feel sorry for you for now, not being able to competently complete your role. So they give you a hand. Initially there’s remorse all around… it becomes an understanding culture.

After a while it becomes a pain, especially for your colleagues who keep putting a halt to their job to help you. Frustration arises and in their heads they’ll be thinking. ‘Now he’s taking the ****!’ But you’re NOT. You are the one that had the accident at work and your body welcomes injuries in different ways to others. After a while tension gathers in the atmosphere and by now you’re reported to the supervisor and disciplinary action is just round the corner.

You feel let down. In a workplace environment, business is business, no matter who you are. You have your own targets and deadlines to achieve. If they’re not met, you will jeopardise your position. This is the game for any business. Each worker has a family to feed, so they need work to fulfil that criteria.

Also an accident at work can possibly jeopardise your position. It could prevent you from carry out your ‘full’ responsibility. Initially everybody understands, but after a while they’ll be thinking ‘it was only a small fall’. But only you know it wasn’t just a small fall. It’s not only made an adjustment to your working life, it also messed up your social and family life. You can’t sleep, shower properly, play sports or even have sex. But only you see that side of the picture, your colleagues don’t. They only see you at work.

Back to your working life… over time, the supervisor now reports you to the person above and you’re just waiting for your name to be called to see the manager. Now it’s going to hit you. You’re either, get laid off, get demoted, or transferred to another department. This is where it hurts the most. The managers can’t do anything but take necessary actions to ensure your position is ‘fully’ meeting its targets.

But he’s your best friend… so, it’s not his company and even if your best friend doesn’t take action against you, someone above his ranking will take action against him. So either way something will happen to your role. Remember, if a business does not fulfil its role to provide product and services to its’ buyers or users, then the definition of business is not fulfilled.

So now what… are you thinking of an accident at work claim? It’s been 11 months since your injury and now you’re thinking of you an injury claim!? If you took action at the early stages of your accident, by now you would have been in a better position.

Nevertheless it happens all the time. Workers ‘think’, been with the company for so long, they won’t do anything outrageous. Well you can’t predict the future and neither can they. But what they can predict is your work performance, past, present and future. They forecast the future of their business and you should forecast your work future.

However you’re scared thinking who’ll be the bread earner if you lose your job. Let’s worry about that in a minute, but first let’s put the cards on the table…

Making mistakes is common practice as you know, nobody’s prefect. Everybody learns from mistakes and ensure they don’t make the ’same’ mistake again.

Anyway, you make a mistake at work, you get told off, make another, you get told off again. Now if you keep making mistakes over time, what the hell do think is going to happen. Your supervisor is going to start looking over your record and start taking disciplinary action against you. First verbally, then in writing. Theses aren’t the same’ mistakes, but they’re made according to your supervisor. Think about it this way, what happens if your supervisor makes a mistake, what will he do? Remember you can only report to the supervisor, there is no contact between you and his supervisors!

Back to the making mistakes… what happens if the company makes a mistake…?

Stuck aren’t you… you can’t think of much besides making a complaint.

If an accident at work occurs, it gets logged and depending on how serious you look in the eyes of the company, you’ll be ‘kindly’ given days or weeks off. Being compensated for sick pay, which you know isn’t much!!! The injury affects your ‘life’, not just your work and the company gives you a couple of days to recover. Now that’s a joke!

No matter what action is taken against you need to make an accident at work claim. Why? This is the only ‘powerful’ solution you have over the company if they make a mistake.

Now you’re both sailing in the same boat.

A risk manager attempts to find ways of either transferring the risk from these potential losses to another entity (i.e., purchase insurance) or mitigating risks of losses by implementing loss control efforts.

Usually, the risk manager does both of these. At the same time, the risk manager is attempting to find the most cost-effective way of accomplishing it.

For example, the risk manager may decide that it makes the most sense to purchase workers compensation insurance, retain all of the risk of loss from slips & falls, and only retain the first $25,000 of losses from fire damage to the property.

I like the ARM series because it gives you the perspective of the insurance buyer, whose wisest use of funds is not necessarily to buy insurance. As an insurance company employee, you don't normally get that perspective from the job.

If you are taking MBA level classes, you will find ARM to be reasonably easy.

Most of the time, noneconomic damages are MORE than actual damages. Lawyers are happier suing, because they get 1/3 of the TOTAL, so the more they can make the insurance company pay, regardless of actual damages, the more they make.

Juries don't usually think with their brains – they can easily be pursueded to award huge damages, even if the defendent was not guilty of any wrongdoing. Example: dead baby claims for obstetricians. It doesn't MATTER if the doctor messed up, any jury in the world, is going to side with the grieving parents.

Limiting noneconomic damages means smaller claims payments, which means lower premiums for the other insureds, and more ease of predicting profits for the company.

Do you think that it would matter if I went after these designations now or waited? I don't want to waste anytime, but a few have told me that it may be best to wait a few years…I am not married yet…nor do I have a family…so I wanted to knock a few of these designations out before that happened, and then go after my CPCU…

Any suggestions?

Thank you in advance for your help!!

I don't think it matters much.

What things or conditions do you have that could cause a fire to happen?

What methods or means do you have to prevent a fire from happening. (transfer of risk)

what precautions are in place to protect the property or replace the property if a fire happens. (self insurance or Insurance)

That's putting terroism coverage out of reach for many companies. Even if insurers come down on their prices — and that's not real likely — few mid-sized businesses will be able to afford terror coverage. "You could sell me the Hope Diamond at 50 percent off, and I still couldn't afford it," says David Mair, director of risk management for the United States Olympic Committee (USOC) and president of the Risk and Insurance Management Society

Where did you plagiarize this from? How is anyone really able to cover the potential damage from a terrorist act and why should it be a separate rider or policy? Doesn't make much sense to me.