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...l Crisis Exposures Kidnap Ransom Personal extortion Asset exto...r reimbursement, not for the initial ransom demand payment. Exhibit 14.1, prov...

... . Reid can be reached at (303) 322-3211, e-mail [email protected] or visit www.janinereid.com . What To Do When The Sky Starts Falling. &# 160 Exhibit 1: Crisis Audit Natural Disaster Lightning Earthquake Extended severe cold/heat Extreme snow/ice conditions Flood/drought Hurricane/Tornado/Tsunamis Operations Accident involving a company vehicle Bomb threat Construction delay Cost over-run Employee Safety and Health Chronic safety problem Exposure to carcinogens Injury/fatality of an employee or non-employee Personal injury suit Regulatory citations Labor Relations Negotiations Organizing drive Unfair labor practices Violent strike/work stoppage Management Issues Bankruptcy Contractual dispute with client resulting in litigation Death of owner or key employee Employee raiding by a competitor Loss of key customer Crisis in the same industry Someone else's crisis on your property (guilt by association) Kidnap, ransom, extortion Hostile takeover attempt Key employee starts competing company Management succession Merger/acquisition Murder Negative publicity due to rumors Negative publicity relating to political contributions Reorganization/downsizing Serious cash flow problems Sudden market shift Terrorism Data/telecommunications failure/loss of critical data Design error/issue Sabotage by extremist environmental group Explosion Fire Major utility failure Neighborhood/community group opposition to a project Structural/subsidence collapse Environmental Accidents/Liabilities Groundwater contamination Air quality problem Gas leak Long-term exposure of toxic chemicals to the community Release of toxic chemicals into the air or waterways Employee/Management Misconduct Bribery/kickbacks Disgruntled employee Executive misconduct/fraud/embezzlement Lawsuits from discrimination, sexual/racial harassment Murder Price fixing Sabotage Scandal involving top management Slander Suicide Theft/Vandalism Workplace violence Government Affairs Legislation and/or regulations that could affect ...

...nsurance industry spends a king’s ransom every year in sales and marketing to ...

...uilt by association) Kidnap, ransom, extortion Hostile takeover atte...

... her client in the identification and evaluation of factors that could imperil the integrity and profitable operation of the client company. The consultant should then propose appropriate solutions to those factors, and implement and monitor the agreed procedures. A risk management analysis will consider all aspects of the operation including: cash management; just-in-time' inventory management; availability of alternate suppliers; key customers; key facilities, equipment, and people; computer dependence; valuable papers, designs, and intellectual property; quality control; loss prevention to real and personal property; transit exposures; foreign contract evaluation; internal and external crime audit; product liability; hiring and firing practices; safety committee review; employee and public safety; automobile and fleet safety; directors, officers and fiduciary responsibilities; product tampering; extortion; kidnap and ransom; credit risk, claims and self-insurance monitoring; claim funding alternatives; environmental hazards; effects of marketing cycles; and effects of new legislation. This list can be expanded to reflect the client's own concerns and to include newly identified risks. These topics could form the core of a typical risk management analysis. It should be evident that a supplier will be unable to deliver an integrated, comprehensive review, and that insurance consultants will be too narrowly focused. After considering identified exposures and agreeing on the best methods to address them, review existing and future insurance needs. The industry delivery system was created 100 years ago, and the selling of products has changed little since then. There's some justification for this lack of innovation. The legal system, which will always have the last word on ...