Food Service Risks – Avoiding Foodborne Illnesses at Your Organization

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One in six Americans will get sick every year due to food borne illnesses. This factor directly affects your non-profit organization if you regularly serve food to customers. If you are not properly insured against this illness, your non-profit could greatly suffer from the mitigation costs. It is important to know what causes food borne illnesses, the symptoms that occur, and how to avoid them in order to lessen the risk of infecting your customers. It is highly beneficial to have the proper insurance coverage if food borne illness should occur.

Bacteria, viruses, parasites, and chemicals are all causes of food borne illness. Contamination can happen during the harvesting and processing of foods, or through food preparation in kitchens. Thoroughly washing hands and surfaces after touching raw meats can help avoid cross-contamination with other foods. Food also needs to be properly stored and separated in order to stop any bacterial growth. Properly cooking meats is the only way to kill any bacteria that have started to grow.

In addition, viruses and parasites spread through contaminated water or already infected beings. Chemicals can spread through the toxins of fish as well as contaminated vegetables and fruits, therefore, produce needs to be thoroughly washed before it is consumed.

Furthermore, the quicker symptoms are determined, the quicker you can react to prevent others from becoming sick. The most common symptoms include the following:
Abdominal pain

Chemicals can cause further complications such as headaches and dizziness. Dehydration is the biggest complication when dealing with food borne illnesses and can cause critical health problems if not properly treated. A list of illnesses can be found through conducting further research. Additionally, anyone can be infected with a food borne illness; however, if your customers are mostly young, elderly, or have weakened immune systems they will be the most inclined to suffer serious side effects.

If your non-profit organization regularly serves food, you need to make sure your organization is properly covered. An insurance professional from Lamb Financial Group can assist in providing your non-profit organization with the proper insurance coverage. Call 866-481-5262 or contact us to learn more.

Board of Directors and CFOs Turning Focus to Risk Management

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Research conducted earlier this year by two different organizations has revealed that both chief financial officers (CFOs) and board directors are paying more attention to risk management than ever before.

In a poll conducted by the Institute of Internal Auditors, 35 percent of respondents, about one-third of those polled, noted they would like to focus more of their attention on risk management and risk management effectiveness. Risk management came in second only to information technology and compliance and regulatory issues.

Research jointly conducted by American Express and Co. and CFO Research revealed CFOs will “likely have a greater role in risk management in 2014,” attributing this prediction in part to the “enhanced role” CFOs play in business operations. The report also shared that taking on a role in risk management strategies can help foster a CFO’s conflict resolution abilities and develop skills that cater to the unique goals of the organization.

Both board directors and CFOs can play a very important role in an organization’s risk management strategies. They can offer valuable insight other leaders in an organization might overlook or may not even acknowledge. Of course it also helps to have the assistance of a professional who can provide an objective opinion and provide a comprehensive risk management package that helps reduce risks and exposures. This is where Lamb Financial Group comes in.

In addition to various insurance programs for nonprofits and social services organizations, we also offer risk management services ranging from background and motor vehicle records checks and claims consulting to site safety evaluations and more. Those who take a part in their organization’s risk management plans are invited to visit our website for more information on our risk management services, or you can contact us at 1-866-481-5262.


What’s a Loss Trending Analysis? How is it Helpful to My Organization?

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Some people say you can never judge the future from the past; however, risk analysts use this approach in determining future losses for businesses. Your non profit organization’s lost history can be used to forecast your future loss frequency and severity. This type of study of past data is called trend analysis and can benefit your organization by determining the loss exposures that your non profit is most susceptible.

Exposure to loss can be determined through identifying items that are subject to loss and the perils that cause them. Also, understanding the financial consequences involved with losses can help your organization prepare for future ones. Trend analysis helps determine these loss exposures so you can prevent them from happening in the future.

Low severity claims usually happen more often than severe claims. Different organizations may be subject to different loss exposures. Based on the types of operations your non profit partakes, your organization can have special risks that other organizations may not have. It is important to identify these special risks in order to enforce effective risk control. Through using proper risk management and identifying situations that can become a loss, you can lessen the chance of a loss occurring and better protect your customers. Through having fewer losses, your organization could develop a more favorable reputation and face lower insurance premiums.

Trending analysis is vital in determining your organization’s exposure to loss. By knowing the exposures of your organization, you can determine the type of losses you are most vulnerable to and most likely to come in contact with. Lamb Financial Group has a loss trending and analysis services that can help your non profit organization determine your exposures and lessen the risk of a loss. Contact us or call 866-481-5262 for more information on trend analysis and how it can help your non profit organization.