TASB Risk Management Fund

The Do's and Don'ts of Managing Risk in 2022

January 03, 2022 David Wylie

Note pad that reads 2022 goal plan action

Did your organization make a New Year’s resolution to ramp up its risk management program? The Fund is here to help. Use this list of do’s and don’ts to control the costs associated with workplace accidents, data breaches, property damage, and other incidents in 2022 and beyond.

Demonstrate leadership commitment

Successful risk management programs start at the top of the org chart. If employees believe leaders unconditionally support the program, they are more likely to buy in.

  • Do make a case for risk management to leadership. Superintendents, CFOs, and other administrators have to recognize the importance of providing every department with the resources they need to do their jobs safely and compliantly. 
  • Don’t settle for lip service. Authorizing monetary and human capital investments in the risk management program is just part of the job. Leaders must set the tone by following the same best practices they expect employees to follow, attending training sessions, responding to employee concerns, recognizing success, and fostering open communication.

Explore the benefits of comprehensive coverage

The Fund opened its doors in 1974 for the sole purpose of providing workers' compensation coverage to Texas educational entities. Fast-forward nearly 50 years, and we've grown our coverage programs to meet the full spectrum of your needs:

  • Do reach out to your TASB marketing consultant and learn how the Fund customizes its coverage and services for the unique risks facing schools.
  • Don't feel like you have to add risk manager to your title if you want to understand your coverage. Your marketing consultant is here to ensure you not only get the coverage you need but also understand the benefits promised in your coverage agreements.

Manage workplace accidents

Every educational entity is unique, but at least one principle applies across our sector: Experienced, dedicated employees are more valuable on the job than sitting home recovering from workplace injuries:

  • Do implement an accident prevention plan (APP). If time and resources are limited, start with accident investigations so you can uncover and correct the root causes of on-the-job injuries.
  • Don't miss the opportunity to cash in on a return-to-work (RTW) program when accidents do happen. RTW empowers employers to cut claim costs, boost productivity, and promote healing.

Take cybercrime seriously

Any school looking to get the most value from limited risk management funds should take a cue from the community it serves. In a survey by global cybersecurity company Kaspersky, parents cited the compromise of their children’s sensitive data as their biggest concern (43 percent). Just 11 percent of parents are concerned about the impact that beefing up security will have on taxpayers:

Protect against cold-weather claims

Winter doesn't retreat when the bell beckons staff and students back from holiday break. Frigid temperatures can wreak havoc on your facilities and derail your plans for a smooth transition back to classrooms:

  • Do keep indoor temperatures at 50 degrees or higher if possible. 
  • Don't let your guard down. The Farmer's Almanac predicts another winter storm this year, though not as extreme as what we experienced in 2021. See our Winter Storm Uri lessons learned for tips on protecting your schools during sustained, extreme cold.

Train your team

Well trained employees are your strongest defense against risks. Fund training services give your team the tools they need to do their jobs safely:

  • Do take advantage of webinars, in-person, and hybrid training delivered by our risk solutions consultants, as well as on-demand training when it fits your schedule.
  • Don't think of training as a one-and-done endeavor. Keep best practices top of mind by training employees year-round.

Let’s collaborate

The Fund has a vested interest in helping members manage risk. Our experts will be here for you in 2022 and beyond, just as we have been for more than 45 years. If you lean on us, you can spend less time on coverage issues and more time delivering a quality education to Texas school children.

Editor's note: This article was originally published in January 2020 and has been updated for accuracy and comprehensiveness.

Tagged: "best practices", "employee safety", Safety