Risk Management Program Slated by TIA - Tire Review Magazine

Risk Management Program Slated by TIA

TIA and partner Federated Insurance will hold their 2012 Designated Risk Manager Training Program from Apr. 23-25 at Federated’s headquarters in Owatonna, Minn.

The Risk Manager Training Program, which began in 2002, was “developed to target the unique needs of tire dealerships risk management concerns,” TIA said, and “the resulting reduction in losses for companies that have attended in the past has been an on average reduction of loss frequency and severity between 20% and 30%.”

Wilson Beach, TIA director of membership, said that “a key to cutting insurance costs is controlling losses and having a key person as a risk manager for identifying loss exposures and implementing risk management solutions is a way to achieve that goal.”

Sessions target specific risk management concerns for tire dealers, including designating a risk manager, service claims handling, employment-related best practices, liability, business succession planning, hiring practices for a drug- and alcohol-free workplace, background checks and training. In addition, attendees receive a detailed loss analysis of their own claims history as a means to compare their experience against industry loss trends.

This is a first-come, first-served program open to all TIA members regardless if they are insured with Federated Insurance or not. Due to space limitations, only one attendee per company can be accepted. While the program itself is free of charge, attendees are responsible for airfare, rental car, hotel, and a couple of incidental meals.

Those interested in attending should visit  www.tinyurl.com/DRM2012 for more information or contact Dave Cameron at [email protected] or Royetta Spurgeon at [email protected].

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