Risk Management

Risk Management is the key to identifying, monitoring and mitigating job site risks associated with the performance of our work scopes.

 

Extra Clean has an excellent job site safety history and we intend to maintain that benchmark. Since our inception in 1988, we have been proactive in managing all insurance related matters, from policy coverage’s to claims to implementing safety programs in the field that comply/enhance our safety objectives, especially, OSHA Regulation Part 1910.66, including Appendix C as well as the ANSI IWCA I-14.1-2001 Window Cleaning Safety Standard and all other applicable OSHA and ANSI fall protection regulations and guidelines.

Our insurance coverage exceeds most all other industry insurance packages, e.g. we exceed the statutory required Workers Compensation insurance plus we carry Care, Custody and Control; Bailey’s Liability Coverage, to name a few. All our insurance carriers enjoy an excellent/superior rating pursuant to A.M. Best company. Extra Clean’s infrastructure and trained and supervised workforce affords us the immediate ability to handle any size job.

The company policies include: Equal Opportunity; Alcohol and Substance Abuse; Firearms And Other Life Threatening Substances and Sexual Harassment and we have zero tolerance for any infraction of any of these policies.

Our pre-employment “checklist” includes: Driving Record, Background Check, Drug Testing, Employment Reference(s).

Safety Training Program At Our Corporate Location Safety/Product Usage Classroom

 

Unique to our industry, we have a corporate photographer whose responsibility it is to visit the job sites to critique each crew’s safety performance and take pictures which are used during our ongoing safety training sessions. Our Safety and Compliance person makes impromptu visits to our job sites to insure that all our high-rise crews are working safely – another way to insure proper Risk Management.

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The insurance industries definition of Risk Management is as follows:

 

Risk Management can be defined as “the effect of uncertainty on objectives (whether positive or negative)”. Risk management can therefore be considered the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risk Assessment Management is the overall process of identifying all the risks to and from an activity and assessing the potential impact of each risk. Risk Assessment Management is also the determination of the potential impact of an individual risk by measuring or otherwise assessing both the likelihood that it will occur and the impact if it should occur, and then combining the result according to an agreed rule to give a single measure of potential impact.

Risk can be defined as the combination of the probability of an event and its consequences. In all types of undertaking, there is the potential for events and consequences that constitute opportunities for benefit (upside) or threats to success (downside). Risk Management is increasingly recognized as being concerned with both positive and negative aspects of risk. Therefore this standard considers risk from both perspectives. In the safety field, it is generally recognized that consequences are only negative and therefore the management of safety risk is focused on prevention and mitigation of harm.

Risk management is a central part of any organization’s strategic management. It is the process whereby organizations methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities. The focus of good risk management is the identification and treatment of these risks. Its objective is to add maximum sustainable value to all the activities of the organization. It marshals the understanding of the potential upside and downside of all those factors which can affect the organization. It increases the probability of success, and reduces both the probability of failure and the uncertainty of achieving the organization’s overall objectives.

Risk management should be a continuous and developing process which runs throughout the organization’s strategy and the implementation of that strategy. It should address methodically all the risks surrounding the organization’s activities past, present and in particular, future. It must be integrated into the culture of the organization with an effective policy and a program led by the most senior management. It must translate the strategy into tactical and operational objectives, assigning responsibility throughout the organization with each manager and employee responsible for the management of risk as part of their job description. It supports accountability, performance measurement and reward, thus promoting operational efficiency at all levels.

 
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