How to Reduce Social Media Risk in Your Company: A LinkedIn Discussion

The risk involved with social media is not a new topic. In fact, we talked about it last year in our blog post Social Media Policy: Avoiding a Death-Blow! This is still a relevant topic; with the popularity of social media ever increasing, businesses must prepare for the risks that come along with the opportunities that social media provides.

I asked the LinkedIn community “How do you handle the risk of social media in your company?” With such a great response, I had to share the discussion. Here’s what several LinkedIn professionals had to say.

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Partners in Crime (Mitigation)!

Our long-time partners Canpro Global just announced their merger with KingReed.

Both companies do some very cool things in Canada and around the world in investigations, security, protection and related services. They do some things that I hadn’t heard of before in my 22 years in risk and insurance, things that I really believe are incredibly innovative and valuable to companies.

CanPro Global and King-Reed Merger

The reason ClearRisk partnered with Canpro in the first place was that I was very impressed with their people, innovative services and their perspective on risk management. They are very much aligned with my view that risk management comes in many shapes and forms and that it shouldn’t be inaccessible or complicated.

In the past couple of years I have also gotten to know some of the people at King-Reed and I can honestly say that the companies and cultures seem very well aligned, so I am sure it will be a great partnership!

The gang at ClearRisk wishes our partners at Canpro Global and King-Reed every success! I encourage you to check them out. You won’t be sorry!

Risk Management is a Team Sport

This week, ClearRisk is proud to present a guest blog post by Allan R. Morton, Jr. CIC, CRM.

Allan is the managing partner of Morton Insurance & Risk Management.  15 years in the industry is marked by his passion to drop money to their bottom line and increase negotiating leverage with insurers via proactive risk management.  He is a Certified Insurance Counselor as well as Certified Risk Manager.

One of the biggest challenges I have is how to keep a prospective client’s eyes from glazing over when the phrase “Risk Management” is mentioned.  It’s almost like those two words are part of a magical incantation which puts many in upper management into trance-like states.  It confounds me. There is something utterly unglamorous about it I suspect.  It’s not exciting, flashy, or as sexy as landing a big deal.

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ClearRisk Social Media Giveaway: Win an iPad 2!

ClearRisk has received great support from the social media world. From Twitter and Facebook to the risk management blog and LinkedIn, ClearRisk has gathered thousands of active and devoted followers.

In recognition of their overwhelming support, the ClearRisk team is giving back to their social media followers with the first ClearRisk Giveaway; one lucky follower, chosen from our various social media channels, will be the winner of a new iPad 2!

To submit an entry via our blog, please answer the following question in the comments section below:

What does risk management mean to you?

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Best of @ClearRisk – Our Risk Management Twitter Feed (Part 2)

This is the second of a series of posts entitled Best of @ClearRisk – Our Risk Management Twitter Feed. Click to read our previous risk management Twitter feed post.

With a busy and constantly updating Twitter feed, it is sometimes easy to miss great risk management content. Last month, we noted some of the most popular blog posts and articles that have been shared on the @ClearRisk twitter feed.  

First, we tweeted about The 10 Best Industry Blogs, a post from Risk Management Monitor. This was our top clicked-on link for risk management news; the post acknowledges 10 of the best blogs in the risk management and insurance industry. We would also like to thank Risk Management Magazine for recognizing our blog amongst these great industry resources. Risk Management Monitor provides daily stories, commentary, interviews, and more, all related to the risk management and insurance industry.  Be sure to visit Risk Management Monitor and read the blogs mentioned within the full post!

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ClearRisk Named in Top 10 Industry Blogs by Risk Management Monitor

Insurance is a Commodity! …Or is it?

Often a topic for debate, the issue of insurance as a commodity sparked a great discussion on LinkedIn.  I’d like you hear what you have your say in own comments section below.

A commodity is defined a good that is the same no matter who supplies it, and can be differentiated based on price.

Is it true that all insurance is the same aside from price? How do most companies decide where to purchase their insurance?

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Do your employees feel safe blowing the whistle?

Throughout the lifespan of a corporation, stakeholders can be faced with the risk of economic crime.  Often, it becomes a reality long after the issue should have been brought to the attention of the board of directors. Entrepreneur that have invested a great deal of time and energy building a company from the ground up, find it hard to imagine that something as intrusive as economic crime can happen to them.

Do you have the processes in place within your company to mitigate this risk?  If you don’t have a plan and solutions in place, there is a possibility that you will be blindsided by fraud, worse yet – there’s a chance it could have been prevented.

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BP found its “Company Killer”: Do you know yours?

Time will tell if the Gulf of Mexico oil spill will kill BP or just severely cripple it, but whatever the case I’ll bet they didn’t see it coming!  Will you?

It looks like this spill will be (if it isn’t already) the biggest man-made disaster ever.  The extent of the spill, the scope of damage and the resulting impacts on the environment, marine life, economies, and people remains to be seen, but catastrophic sums it up.  BP and all of the other world’s oil companies plan for spills.  They build complex risk models, examine alternative worst case scenarios, look at maximum probable losses, and they are generally very good at measuring and managing risk.  But what if the worst case scenario that you imagined turns out to be wrong?

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ClearRisk 2.0 Launched Today!

Today ClearRisk Inc is proud to announce the  launch of version 2.0 of its ClearRisk Manager application. Version 2.0  is built to improve every user’s experience. The site is faster, it enables easier collaboration and includes functionality that will allow our users who are Insurance Brokers to interact with clients in ways they’ve never been able to before.

ClearRisk Manager Version 2.0 is designed to be lightning fast. “We’ve increased the speed of the site by almost 4x,” said John Downey, Director of Systems for ClearRisk Inc “we’ve created a seamless experience for brokers; almost unnoticeable page loads and large reports take only a few seconds, unlike minutes or hours for some competitive systems.”

Clients of Insurance brokers are demanding risk management options that go beyond insurance coverage. Some brokerages are struggling with how to effectively provide these services to their clients. That’s why we built ClearRisk Manager. We want Insurance brokers to have an affordable way to provide their clients with risk management plans, risk maps and risk management resources – even if they have little to no risk management training.

Using ClearRisk Manager to help identify, prioritize and manage client risks, brokers can offer affordable risk management support to clients; helping clients get the best terms in the insurance market

We’ve built on this concept in Version 2.0, by adding more client and broker collaboration tools, and increasing the speed of the site even more. ClearRisk Manager 2.0 can be used to store, track and share all relevant risk and insurance information such as insurance policies, claims documents, and insurance certificates. It gives Brokers and their clients the ability track progress they make over time.

In addition, ClearRisk Manager 2.0 introduces functionality that allows Brokers to Co-Brand the secure online portal. It’s important for Brokers to have multiple touch points with clients throughout the year. Every time a client logs on to ClearRisk Manager to work on their Risk Management plan, the host Broker’s logo can be prominently displayed. From the client’s perspective, the Broker is providing them with a software solution comparable to those offered by only large multinational brokers. This, in combination with the collaboration tools above, shows the clients firsthand the value the Broker is bringing to their business.

ClearRisk’s focus has been on increasing broker profitability with mid-market Risk Management Solutions. ClearRisk Manager 2.0 provides brokers with even more functionality to help them become the preferred provider of risk management and insurance products and services.

The following video is a popular resource for insurance brokers who are evaluating the use of risk management as a value added service.

Top 10 ways to use Risk Management to Increase Brokerage Revenue

Come view the new functionality with a 30-day free-trial

or let one of our associates walk you through ClearRisk Manager 2.0 with a 20 min tutorial