Loss control efforts and risk management initiatives

 

You are the new Risk Manager for XYZ Transport company who is a shipping company managing warehouses and delivery for 15 locations. The fleet comprises of a total 75 vans, box trucks and tractor trailers combined. The company employs 250 employees including management, warehouse operators, sales and drivers. There is a DOT requirement for shipping some of the products from the warehouse. Your risk locations are present in the following states; OH, WV, PA, DC, MD, VA, NC. You have inherited a toxic environment that does not hold safety and loss control with high regards. Shipping deadlines and delivery times are a primary component. There is a trend of high incident and severity rates among employees in both the warehouse and driving. There are also reports of substance abuse, motor vehicle accidents, lawsuits, poor package handling, extended employee time-off for injuries, and high insurance premiums.
1- Outline the loss control efforts and risk management initiatives that should be implemented to mitigate the issues and transfer the risks.
2- Prioritize your list with justification.
3- Include a minimum of 5 elements for improvement to earn potential full credit.
4- Remember the business of safety pillars when prioritizing to make the biggest impact.

Sample Solution

a. The average rating for all CBC movies is 7.2, ABN movies is 8.3, and BBS movies is 6.3 (see bar chart below). b. Descriptive Statistics for Ratings of Networks: CBC | ABN | BBS Mean: 7.2 | 8.3 | 6.3 Median: 7 | 8 | 6 Mode: 7| 9| 5 Standard Deviation: 1.862 | 0.908| 1.544 c. From the descriptive statistics, we can see that the mean ratings for all three networks are fairly close in value, with the highest being ABN’s mean rating at 8.3 and the lowest being BBS’ mean rating at 6.3; however, looking further into metrics such as standard deviation and mode show that CBC’s ratings have a higher degree of variability compared to the other two networks (1.86 vs 0-0 .908 and 1-544 respectively). This could indicate that while CBC’s movies may be more hit or miss in terms of quality than either ABN’s or BBS’, they also have more potential to become big hits if done right – something which would benefit both audiences and investors alike as it could lead to greater returns on investments in these films..

a. The average rating for all CBC movies is 7.2, ABN movies is 8.3, and BBS movies is 6.3 (see bar chart below). b. Descriptive Statistics for Ratings of Networks: CBC | ABN | BBS Mean: 7.2 | 8.3 | 6.3 Median: 7 | 8 | 6 Mode: 7| 9| 5 Standard Deviation: 1.862 | 0.908| 1.544 c. From the descriptive statistics, we can see that the mean ratings for all three networks are fairly close in value, with the highest being ABN’s mean rating at 8.3 and the lowest being BBS’ mean rating at 6.3; however, looking further into metrics such as standard deviation and mode show that CBC’s ratings have a higher degree of variability compared to the other two networks (1.86 vs 0-0 .908 and 1-544 respectively). This could indicate that while CBC’s movies may be more hit or miss in terms of quality than either ABN’s or BBS’, they also have more potential to become big hits if done right – something which would benefit both audiences and investors alike as it could lead to greater returns on investments in these films..

a. The average rating for all CBC movies is 7.2, ABN movies is 8.3, and BBS movies is 6.3 (see bar chart below). b. Descriptive Statistics for Ratings of Networks: CBC | ABN | BBS Mean: 7.2 | 8.3 | 6.3 Median: 7 | 8 | 6 Mode: 7| 9| 5 Standard Deviation: 1.862 | 0.908| 1.544 c. From the descriptive statistics, we can see that the mean ratings for all three networks are fairly close in value, with the highest being ABN’s mean rating at 8.3 and the lowest being BBS’ mean rating at 6.3; however, looking further into metrics such as standard deviation and mode show that CBC’s ratings have a higher degree of variability compared to the other two networks (1.86 vs 0-0 .908 and 1-544 respectively). This could indicate that while CBC’s movies may be more hit or miss in terms of quality than either ABN’s or BBS’, they also have more potential to become big hits if done right – something which would benefit both audiences and investors alike as it could lead to greater returns on investments in these films..

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.