The Tire Industry Association (TIA) and Federated Insurance have announced the 2012 Designated Risk Manager (DRM) Training Program scheduled for April 23-25, 2012. The program will be held at Federated Insurance's home office in Owatonna, Minn.
The Risk Manager Training Program, which began in 2002, was developed to target the unique needs of tire dealerships risk management concerns.
The resulting reduction in losses for companies that have attended in the past has been an on average reduction of loss frequency and severity between 20% and 30%.
“A key to cutting insurance costs is controlling losses and having a key person as a risk manager for identifying loss exposures and implementing risk management solutions is a way to achieve that goal,” says Wilson Beach, TIA’s director of membership.
Sessions target specific risk management concerns for tire dealerships, including designating a risk manager, service claims handling, employment-related best practices, liability, business succession planning, hiring practices for a drug- and alcohol-free workplace, background checks and training. In addition, attendees receive a detailed loss analysis of their own claims history as a means to compare their experience against industry loss trends.