Risk Management

The idea behind business risk management seems simple enough; perhaps that is why it is often overlooked. Having an insufficient risk management operation could cost you serious business liability in both dollars and management time. Risk management is crucial to all businesses. A good risk management system not only has adequate coverage to compensate you in case of loss, it also includes a plan to prevent losses from occurring in the first place.

Who's Involved on Your End?

  • Human Resources
  • Company lawyer & the law
  • Building Security Officer
  • Chief Operating Officer (COO)
  • Chief Financial Officer (CFO)
  • Chief Executive Officer (CEO)
  • President

What Are Possible Business Risks?

  • Workplace Violence
  • Premise Liability
  • Sexual and Verbal Harassment
  • Drugs & Alcohol in Workplace
  • Intellectual Property
  • Sabotage/Industrial Espionage
  • Business Interruption

ADT's Risk SolutionsADT's

Business Risk Managment Facts and Definitions:

  • Premise Liability - Financial loss resulting from an employee or customer's lawsuit which is brought against an individual, business, landlord or organization responsible for the maintenance and safety of a property or structure. According to the Jury Verdict Research's review of premises lawsuits around the country. The median verdict in premises liability cases is $98,160. Premises liability claims against recreational facilities were higher.
  • Workplace Violence - The U.S. Department of Labor defines workplace violence as, violence or threat of violence against workers. It can occur at or outside the workplace and can include threats, verbal abuse, physical and sexual assaults, arson, sabotage and homicide (which is one of the leading causes of job-related deaths). There are approximately 500,000 victims of violent crime in the workplace each year resulting in an estimated 1.8 million missed workdays; and an astounding $55 million in lost wages for employers.
  • Drugs in the Workplace - The use of illegal drugs, alcohol or misuse of prescription medication that can impair a person's judgment, clarity and functioning. Approximately 75% of the illicit drug users in the United States are employed either full or part time. Related problems cost American businesses roughly $81 billion in lost productivity in just one year.
  • Harassment or Workplace Bullying - The repeated mistreatment of individuals or groups using persistent aggressive or unreasonable behavior. It includes verbal, nonverbal, psychological and physical abuse, as well as intimidation and humiliation. According to one study, 37% of American workers-roughly 54 million people-have been bullied at work. Workplace bullying costs American business $180M in lost time and productivity each year.

ADT's focus on these high risk issues is helping companies take a more proactive approach to deter, detect and document these activities within the workplace.

Learn how we can equip your business with the latest solutions in risk management. Contact your local ADT Security Professional or call ADT at Need a Phone number.

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