Importance of Risk Management - Synchrony HR
                     Importance 
of Risk 
Managemen
t
From an injured employee to damaged 
property,
there are countless risks that can negatively
Impact a business. 
These risks can be both dangerous and costly,
which is why business owners should do 
whatever they can to protect their business 
assets.
Many insurance and HR outsourcing 
organizations offer risk management 
services that are primarily focused on 
identifying and assessing potential 
problems.
Risk management should be strategic and 
can become extremely complex without the 
necessary knowledge and expertise. 
Here's a guide on why businesses should 
seek help.
Finding 
Potential 
Issues
● Setting up rules and regulations 
within a business, that are 
compliant with risk management 
procedures, creates a safer work 
environment and a stronger 
business.
 
● Risk management service providers 
are comprised of risk and HR 
professionals that can help 
recommend protective measures in 
a variety of settings and industries.
Workers' 
Compensation
There will always be accidents that 
happen in the workplace, despite 
working hard to eliminate all risks. 
Workers' Compensation insurance 
can be extremely if/when these 
accidents do happen, as 
employees that suffer from work-
related injuries or illnesses can 
receive benefits.
Risk management partners can offer 
competitive and comprehensive workers’ 
compensation coverage through top 
carriers.
These policies are offered with additional 
services such as insurance policy 
management and safety program 
development. The providers can also help 
process workers' compensation claims 
and eliminate down payments.
There will always be internal and external 
factors that impact risk, but having an idea 
of where risk might be and how to avoid it 
can be the difference between a thriving 
business and one that may run into legal 
trouble in the near future.
Contact us!
Website: www.synchronyhr.com
Phone number: (314) 222 - 
5770
Email: [email protected]
Thank 
You!