News
Human Resources: Partner in Loss Control
June 3, 2024 Media, PA
Tech Insight
Human resource
managers play a crucial role in supporting loss control efforts for their
companies. They must ensure compliance
with labor laws, promote a safe workplace, manage workers’ compensation claims,
stay abreast of legal changes, and develop injury prevention programs.
Creating a safe
working environment and communicating company policies helps manage
risks related to injury and property damage as well as risks related to
employee behavior such as harassment and discrimination. Risk management can and should be the
responsibility of all employees in an organization. However, HR staff members in
particular can be instrumental in sharing information since they already
interface with employees regularly and are often tasked with developing training
programs.
Quadra’s Risk
Management module operates as a high-level repository for documentation and
company risk management standards. It was developed to not only maintain
information related to operating procedures, business regulations, and safety
protocols, but also to ensure these documents are easy to find. The keyword search function quickly locates
documents and prioritizes search results so employees can find exactly what
they are looking for. A knowledge base
is critical to all organizations and ensuring information is available goes a
long way to supporting loss control efforts.
Quadra can be made available to all staff members at an organization, at all levels. If staff outside of the finance and risk management departments need to view documents in the Risk Management module, the administrator can simply set a permission to access this module only.
Our clients use
Quadra to manage a wide range of asset exposures to maintain successful
insurance programs. Two of Quadra’s modules, Drivers and Vehicles, work
together to ensure insurance coverage for a driver that operates multiple
vehicles, as well as vehicles that will be driven by multiple drivers.
An important
component of our Drivers module is its background check feature which assesses
criminal and motor vehicle records for any prospective driver. Since human
resources managers oversee recruitment and hiring for an organization, this is
a valuable feature. This system in Quadra was developed in partnership with
Checkr, a leader in performing background checks on prospective hires. In Quadra’s Drivers module, driver
information, statuses, and authorization expiration dates can be easily managed as
part of an organization’s overall safety policy.
Human resources
managers can play a significant role in mitigating risks that may lead to
costly grievances and lawsuits. Additionally, they help their organizations
prepare for potential disruptions to ensure business continuity. With Quadra’s
assistance, HR responsibilities be simplified and supported as staff implement
policies that protect employees as well as an organization’s reputation and
future viability.
About Quadra®
Quadra® is a SaaS solution used to manage over $40.1B in exposures across 11,700+ accounts. This one-of-a-kind solution can accommodate all types of insurance exposures and includes over 130 categories including vehicles, real estate, structures, and payroll. The allocation feature is unique in the alternative risk market for determining the true cost of risk. Advanced reporting capabilities provide risk managers and CFOs with an exceptional tool for finding insights that control losses and improve the bottom line. If you are interested in learning more about how Quadra can support your organization’s goals, please contact us!