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Risk management includes a funding mechanism that stimulates investment in loss prevention and loss control measures to reduce the cost of risk. Funding may be obtained through a percentage of workers’ compensation base accrual rates. Investing in loss prevention reduces claim frequency, which has a positive effect on severity and overall claim exposure. An appropriate tracking system documents losses or exposure prior to initiating the new program and, after a selected time, documents the effect of the program on losses or exposure.
Imagine this scenario: You’re writing a blog post for a blog site whose readers are heads of risk management departments.
Select 1 loss prevention initiative from your own experience or from peer-reviewed scholarly sources.
Write a 500- to 700-word blog post that analyzes your selected loss prevention initiative. In your blog post:
Include relevant visuals and external website links to support the initiative.
Cite the references and visuals you used to support your assignment.
Format your citations according to APA guidelines. Bottom of Form
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In this course, you will engage your thoughts and abilities, and you will position yourself as a scholar, a practitioner, and a leader to advance your knowledge and personal academic agenda. Consider saving this assignment for future reference, because it serves as a critical program growth reflection.
Create a reflective and applied statement in which you:
Use this assignment as an opportunity throughout the course and the program to document your development as a scholar, practitioner, and leader, and to reflect critically on the changes that occur during this process.
Format your citations according to APA guidelines.
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