Today's Guest: 

Alex Sidorenko is an experienced executive across strategic, investment and operational risks and insurance working within multibillion-dollar corporations in Australia, GCC and Europe.

Alex joins me to discuss his work in the field of risk management, how to create a risk profile, and the importance of using risk models.

We also talk about the skills you need to do risk management, the fundamentals of risk science, and the upcoming Risk Awareness Week which is starting on the 17th of October.

Connect with Alex on LinkedIn here: https://www.linkedin.com/in/alexsidorenko/

You'll learn:

• How to create a risk profile.
• The importance of operational risk management.
• The skills you need to do risk management.
• When risk management should be outsourced.
• The fundamentals of risk science.
• Why it's usually better to have a bigger deductible on your insurance.

Resources:

• Risk Awareness Week
• Jensen's inequality
• 16 best risk management books
• Decision Quality
• Thinking Fast and Slow
• The Purple Book
• Noise
• Slip Safety Services

In this episode, we talk about:

[2:35] Quantifying risk and creating a risk profile, a case study about investing in water treatment.

[13:55] The need for proper analysis when dealing with complex risk problems.

[15:12] Why reducing risk isn't always the right answer.

[20:35] How to define risk management and the importance of operational risk management.

[26:55] The skills you need to do risk management and when you should outsource your risk management.

[30:20] The fundamentals of risk science.

[36:45] How to improve relationships with insurance companies.

[45:05] When it's better to not get insurance and why it's usually better to have a bigger deductible.

[52:22] How Risk awareness week can help people understand risk.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 14:06 - "With qualitative view of the risk and the traditional regulatory approach to safety risk management there is no problem justifying trivial conclusions that are kind of obvious to everybody and there is only one way of solving the problem but as soon as you start going into a more complex area of mitigations costing millions of dollars and you start competing for investment budget with other hundred projects that have other needs that also cost millions of dollars it stops being trivial and you can not get non-trivial answer from trivial methodologies."
• 48:25 - "It's not a friendly partnership as insurance companies would like us to believe, no they're making a lot of money off us and for example, the conclusion that we came to unless the insurance was obligatory, so required by law, some contractual obligations, most of the time insurance actually makes no economic sense. There are certain situations where you have voluntary insurance policies where you're actually better off not insuring at all."

#safety #insurance #riskmanagement

Today's Guest:

This episode, we do a live demo of a free tool we've developed called the Slip Prevention Scorecard. 

The Slip Prevention Scorecard is a tool that scores your building performance on its ability to stop slip and fall accidents, injuries, and claims, and shows you the areas that most need improvement. 

I explain the science behind slip prevention, how we created the Slip Prevention Scorecard, and how it can be used to reduce your slip risk. 

https://safetyroundtable.co.uk/

https://scorecard.slipsafety.co.uk/

You'll learn:

• The science behind slip prevention.
• How to know if you have a slip problem.
• How to reduce your slip risk. 
• Where to find a trusted and proven framework to address slip risk.
• How to use the Slip Prevention Scorecard.

Resources:

• The Slip Prevention Scorecard
• The Pendulum Slip Test
• The Safety Roundtable
• Slip Safety Services

In this episode, we talk about:

[6:09] The science of slip prevention.

[6:53] How big of a problem slips and falls are.

[8:02] The extent you can improve your slip risk.

[9:26] The 6 key areas that cause slips.

[12:10] The average performance of organisations at CHIMES.

[13:03] How the slip prevention scorecard works.

[17:10] How to use the slip prevention scorecard.

[19:25] The questions you have to answer to assess your slip risk.

[28:00] How to understand your slip prevention score.

[35:22] How to reduce your slip risk.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 33:38 - "If you can do this for different buildings across a group then you can start to get that snapshot view benchmark of which buildings are most likely to be potential risk and then you can spend more time on the ones that score lower than the ones that score higher."
• 37:02 - "You can see that it's very simple to use, it's very quick and easy to use, it doesn't take very long at all.."

#safety #insurance #riskmanagement #facilitiesmanagement #slipandfall #sliptember

Today's Guest:

This time for Sliptember, I'm investigating the problems with bundling slips, trips, and falls together, exploring why it's dangerous and why it needs to stop.

I go into depth about why we categorize slips, trips, and falls together even though they're greatly different risks, and explain what we can do to overcome this issue.

I also talk about the difference between slips and trips in insurance claims costs, and what we can do to separate these problems and reduce the risk of each accordingly.

https://safetyroundtable.co.uk/

You'll learn:

• The problem with bundling slips, trips, and falls together.
• The difference between slips and trips in insurance claims costs.
• How to reduce trip risks.
• How to reduce slip risks.
• What we can do to stop combining slips, trips, and falls together.

Resources:

• IOSH Magazine
• RoSPA
• The Pendulum Test
• CHIMES - the six causes of slips and what you can do about them
• The Slip Prevention Scorecard
• The Safety Roundtable
• Slip Safety Services

In this episode, we talk about:

[2:27] The issue of bundling together different types of accidents.

[6:55] The different organisations that bundle slips, trips, and falls together.

[10:12] The problem with combining slips, trips, and falls together.

[13:56] The difference between slips and trips in insurance claims costs.

[16:44] How to reduce trip risks.

[18:37] How to reduce slip risks.

[27:16] The challenges of splitting up slips, trips, and falls.

[31:16] How to get more data from insurance companies.

[34:11] How to control hazards in washrooms, bathrooms, and toilets.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 15:14 - "We've got to stop allowing slips, trips, and falls to be grouped together because they're not the same thing and if you've got a problem with people slipping and you start to come in and think this is very straightforward let's just look at housekeeping you're missing the point. If you've got a problem with people tripping conversely and you start to come in and do slip tests and all sorts of other things like that you're also missing the point, so we need to split these out and understand what's really going on."
• 19:40 - "Unless we can stop grouping slips and trips together we're always going to have a problem because trips are simple and if we bundle trips and slips people, therefore, think slips are simple and then we don't put the time, effort or energy into solving them and then we still continue to have such a big problem, because remember the slips, trips, and falls category is massively dominated by slips according to the data."

#safety #insurance #riskmanagement

Today's Guest:

Continuing our Sliptember theme, I'm doing a deep dive into the 6 reasons why people slip, often referred to as CHIMES.

I go into depth about each risk factor, Contamination, Heel, Individual, Maintenance, Environment, and Surface, and explain how businesses can reduce their slips and falls risk.

I also explain the cost of slips and falls, why slips and falls are such a big problem, and how to know how well you're business is doing in each area of CHIMES.

https://safetyroundtable.co.uk/

You'll learn:

• Why slips and falls are such a big problem.
• The cost of slips and falls.
• The reasons that people slip.
• How to reduce slip risk.
• How to know how well you are doing at CHIMES.

Resources:

• The Slip Prevention Scorecard
• CHIMES
• Fresh Check Spray
• The Pendulum Test
• HSE
• The Safety Roundtable
• Slip Safety Services

In this episode, we talk about:

[2:38] Why slips and falls are such a big problem.

[5:24] An overview of CHIMES and how to reduce slip risk.

[9:15] The difference between intentional and accidental contamination and the risk of invisible contamination.

[12:07] How to quantify how contaminated a surface is and at what point contamination becomes a slip risk.

[14:26] Different areas to consider in how footwear affects slip risk.

[17:20] The physiological and psychological human factors of slip risk.

[19:35] How effective yellow signs are at reducing slip risk.

[21:55] Different types of maintenance that can reduce slip risk

[24:14] The principles of what makes an effective cleaning regime.

[25:55] The four key areas of environmental slip risk.

[31:36] How to know how safe a surface is.

[40:45] How to know how well you are doing at CHIMES.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 10:45 - "Death and taxes might be inevitable, slips are not."
• 38:52 - "Most people would think, they would assume that if someone legitimately hurts themselves if they definitely slipped and if the floor was wet then you're banged to rights and you're going to have to pay out the claim and that simply isn't true. Your obligation is not to prevent all accidents your obligation is to take reasonable and practicable steps."

#safety #insurance #riskmanagement #sliptember

Today's Guest:

It's the beginning of Sliptember, the time of year that I spend focusing on my niche of slips and falls, and this time I'm bringing it to our safety roundtable sessions.

Today, I talk about the common misconceptions around slips and falls, the human and financial costs associated with them, and the steps you can take to reduce your building's slip risk.

We also discuss the six reasons why people slip, where slips are most likely to happen, and the importance of using The Pendulum Test to assess how safe your floors are under different conditions.

https://safetyroundtable.co.uk/

You'll learn:

• The human and financial costs of slips.
• The common misconceptions people have around slips and falls.
• Why slips and falls are such a big problem.
• How to reduce your slip risk.
• The six reasons why people slip.
• Where slips are most likely to happen.
• How to test how safe your floors are.

Resources:

• HSE
• The Slip Prevention Scorecard
• The SAFER Portal
• The Leisure Expert Panel
• The UK Slip Resistance Group
• AXA
• CHIMES
• The Pendulum Test
• The Safety Roundtable
• Slip Safety Services

In this episode, we talk about:

[2:22] Our Sliptember campaign raising awareness about slips and trips. 

[3:16] The size and scope of the slip problem.

[7:00] My experience with slips and trips.

[9:50] Why slips and falls are such a big problem.

[10:56] Why slips aren't simple and the problems with using signage.

[14:21] The high costs slips have on businesses.

[16:17] How you can reduce the risk of slips.

[18:01] The significant injuries slips can cause people.

[20:50] The importance of framing slips as serious, scientific, and stoppable.

[21:48] The six reasons why people slip.

[23:28] Where slips are most likely to happen.

[25:16] How to test how safe your floors are.

[30:10] The Slip prevention scorecard and how it shows the quality of your building's slip prevention.

[32:55] Opportunities to reduce your slip risk and the benefits of tackling slip and fall risks.

[40:10] How breaking your ankle can affect your quality of life.

[42:26] How the rising cost of living is increasing the number of claims people are making.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 3:34 - "In the workplace, in the UK there is a broken bone every 3 minutes after a slip, so that's a lot of people, dozens of people suffering broken bones every day."
• 6:36 - "We've seen a number of six-figure fines, the most recent high-profile one was Tesco in 2020 just before the pandemic where they were fined just under three-quarters of a million pounds after someone slipped and broke their hip."
• 29:25 - "Without the pendulum test data you can only ever be guessing how safe your floors are."
• 42:27 - "With the current cost of living and energy issues we're beginning to see the embryonic system stuff coming out. People now they've got kids to feed, they've got Christmas coming up, they want to go on holiday, they've got bills to pay, huge electric bills, and because of that they're becoming a little more receptive to making claims let's put it that way."

#safety #insurance #riskmanagement #sliptember

Today's Guest: 

Garry Honey is a consultant, author and business coach who advises boards and leadership teams on risk perception to ensure better collective judgement.

Garry joins me to discuss the different meanings of risk, how people view risk differently, and what boards need to know about risk. 

We talk about the different factors that cause people to misidentify risk, what risk blindness is and the non-financial costs of risk to organisations. 

Connect with Garry on LinkedIn

You'll learn:

• What boards need to know about risk. 
• Key factors that cause people to misidentify risk. 
• What risk blindness is and why it's a problem. 
• How to manage uncertainty. 
• The non-financial costs of risk to organisations. 
• How boards can improve their risk outcomes and protect their reputations. 

Resources:

• Scenario planning
• Horizon scanning
• Christian Hunt on The Human Risk
• The Risk Coalition

In this episode, we talk about:

[1:57] The different meanings of risk and how people view risk differently. 

[05:15] How to manage uncertainty. 

[08:14] What boards need to know about risk. 

[10:24] The importance of having a flexible tolerance to risk in governance. 

[12:07] How company structure and performance measures affect their long-term strategic aims. 

[17:22] Key factors that cause people to misidentify risk. 

[20:29] How to overcome the challenges associated with risk blindness. 

[26:37] How to talk about risk to investors. 

[29:13] The benefits for boards identifying future risks. 

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 2:41 - "Risk is both an opportunity and a threat."
• 25:01 - "Stop insuring with an I, start ensuring with an E. In other words, manage and mitigate and get on top of stuff rather than just passing the risk over to someone else and paying a premium for that."

#safety #insurance #riskmanagement #governance

Today's Guest:

Here's another of our safety roundtable sessions where we discuss people's perceptions of safety and how safety has changed in recent years. 

We talk about different areas of safety that can be improved on, how the UK's safety performance compares to other European countries, and why the UK is often seen as a leader in health and safety. 

We also discuss how teamwork affects safety outcomes, how to keep managers consistent with their safety practices, and the need to look at macro aspects as well as micro aspects when tackling safety issues.

https://safetyroundtable.co.uk/

You'll learn:

• Areas of safety that can be improved. 
• How and why people's perception of safety differs.
• Why the UK is seen as a leader in health and safety. 
• How UK safety performance compares to other European countries. 
• How to align safety strategies with the management of a company. 
• How to keep people consistent with their safety practices. 

Resources:

• SHP
• HSE
• ESENER
• IOSH Managing Safely Course
• The Safety Roundtable
• Slip Safety Services

In this episode, we talk about:

[4:15] How safety professionals react to the idea that we're poor at safety. 

[06:37] Evidence that we're bad at safety. 

[08:52] Areas we can improve in slips, trips and falls. 

[10:28] Data that shows safety in the UK workplace has been continuously improving. 

[13:20] Network Rail payouts related to slips, trips and falls. 

[16:30] How people's perception of safety differs. 

[21:03] Why the UK is seen as a leader in health and safety. 

[22:29] The need for businesses to have safety as a priority. 

[25:50] How UK safety performance compares to other European countries. 

[31:25] The need to look at macro aspects as well as micro aspects of safety.

[40:04] The Sliptember campaign tackling the misconceptions around slips. 

[42:08] How to improve senior management's training and get managers placed on the IOSH Managing Safely Course. 

[46:03] How teamwork affects safety outcomes. 

[48:43] How to keep managers consistent with their safety practices after they complete training courses. 

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 38:21 - "It's almost like you've got to be a bit of a politician, and I'm not a politician in any way but it's that kind of approach, that more inquisitive, collaborative conversation."
• 47:05 - "The two biggest things for an organisation to improve is communication and teamwork and that can on out be achieved by everybody within that company understanding the whole aspect of what we do, and the dangers and actually the consequences of if we don't do it we're going to hurt somebody and that is the last thing that we would like."

#safety #insurance #riskmanagement

Today's Guest:

Today, I'm sharing a recording of one of our safety roundtable webinars where we discussed how to overcome the risk vs priority gap in safety. 

We talk about which risks cost organisations the most, the areas safety professionals prioritise the most and how these can be misaligned with each other. 

We also discuss how different industries affect perceptions around safety, why board members tend to view safety differently from safety professionals and what the future looks like for the safety profession. 

https://safetyroundtable.co.uk/

You'll learn:

• Which risks cost organisations the most. 
• Areas safety professionals prioritise the most. 
• The gap there is between priorities and risks. 
• How industry affects safety perception. 
• How board members prioritise safety issues differently from safety professionals. 
• How to overcome the risk vs priority safety gap. 
• The future of the safety profession. 

Resources:

• The Safety Roundtable
• Slip Safety Services

In this episode, we talk about:

[3:27] The most relevant health and safety risks for organisations. 

[4:25] Which risks cost organisations the most. 

[5:25] Areas safety professionals prioritise the most. 

[6:20] The gap between priorities and risks. 

[12:03] The difference between safety professionals and CEOs. 

[16:47] The future of the safety profession. 

[19:36] How risk management can be a route to board access. 

[20:47] What board's priorities tend to be. 

[24:47] How safety is prioritised in the offshore and shipping industry. 

[27:28] How industry affects safety perception. 

[30:11] How board members prioritise safety issues differently from safety professionals. 

[32:54] The stigma around back problems in the military. 

[36:03] The importance of terminology when discussing safety. 

[40:30] The different attitudes to claiming between employees and customers. 

[46:09] The need to prove a link between safety and high performance in business.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 6:04 - "We're looking at where we have relevant risks, we're looking at the causes of incidents and claims and we're placing our priority in broadly the same places. But if we drill a little bit deeper there is a bit of a gap between priorities and risks."
• 46:59 - "Making people feel safer and be safer and reducing risk drives higher performance in the business."

#safety #insurance #riskmanagement

Today's Guest: 

Ed Corbett is the Head of Human Factors & Organisational Performance at the Health & Safety Laboratory.

Ed joins me to discuss the importance of getting health and safety leadership right, different ways to improve health and safety culture and how health and safety interventions can affect organizations.

We talk about leadership and well-being in the workplace, how to measure the competency and delivery in health and safety leadership on a board and the issues with current well-being trends in organisations.

Connect with Ed on LinkedIn

You'll learn:

• How to encourage board members to be more proactive in their health and safety.
• How to improve leadership at a senior level.
• How to measure competency and delivery in health and safety leadership in a board.
• Different ways to improve health and safety culture.
• The effect of health and safety interventions. 
• How to be proactive instead of reactive in your mental health prevention. 

Resources:

• What risk type are you? Geoff Trickey on using psychology to understand risk
• The Risk Type Compass

In this episode, we talk about:

[2:03] Why getting health and safety leadership right is so important.

[4:10] How to influence board members to be more proactive in their health and safety.

[10:20] What affects how committed CEOs are to long-term health and safety.

[14:09] How to measure the health and safety competency of a board.

[18:02] Effective ways to improve health and safety culture.

[20:50] Different psychological approaches to improving health and safety.

[23:16] How health and safety interventions can affect organizations.

[26:39] The nuanced nature of health and safety.

[28:22] Corporate governance and leadership in HSE.

[30:44] The PhD. Ed is working on around employee wellbeing and health.

[33:42] Well-being trends in organizations.

[40:53] Mental health prevention.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 34:53 - "At the moment it does feel like there's more focus on things like general wellbeing promotion like encouraging people to do more exercise, eat healthily and those kinds of things and that's all good, that's all fine and also very important, but when it comes down to better management of some of the really big factors that might be causing people stress like unachievable workloads and these kinds of things I'm not sure whether we're yet focusing enough on making sure we're really investing in those preventative measures that will impact at that level."
• 39:57 - "Appreciating people's different circumstances, there can be an assumption that work and career progress is really important to everybody, some people do just want to have a job and have that flexibility in their job for others it's a core patriot of their life and who they are and they're really keen on career progression."

#safety #insurance #riskmanagement

Today's Guest: 

Corinne Carr is a Remuneration Consultant, Reward Coach and host of the Paying For Good Podcast.

I joined Corinne on her show to discuss health and safety bonuses, how we can use health and safety to incentivize people and the different industries that are effected by health and safety metrics.

We talk about the state of health and safety in the UK, the cost and impact of work related injuries and how legislation around health and safety has been changing.

Connect with Corinne on LinkedIn

You'll learn:

• How to improve health and safety in the workplace.
• The state of health and safety in the UK.
• The cost and impact of work related injuries.
• The change in legalisation around health and safety criminal fines.
• The reputational damage safety issues can have on an organisation.
• How business's are responding to health and safety in 2022.

Resources:

• The Paying for Good Podcast
• Slip Safety Services
• The Accident Iceberg
• Alcoa

In this episode, we talk about:

[2:00] Corinne's experience in remuneration and sustainability.

[3:47] The work Slip Safety Services does in slips, trips, falls, and surface safety hygiene.

[4:30] How to become a specialist in slip safety.

[6:36] The cost and impact of work related injuries.

[7:22] The quality of health and safety in the UK.

[9:04] The range of issues health and safety covers.

[11:39] Areas we can measure in health and safety.

[15:11] The cost of accidents to business.

[17:15] The change in legalisation around health and safety criminal fines.

[19:00] The reputational damage safety issues can have on an organisation.

[20:52] Examples of what happens when a company has health and safety as their main priority.

[24:14] Emerging trends in how businesses respond to safety.

[29:48] Industries that are effected by health and safety metrics and incentives.

We'd love to hear your views and comments about The Safety and Risk Success Podcast, here's how:

• Share The Safety and Risk Success Podcast on Linkedin
• Leave an honest review on iTunes. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

Spotify | YouTube | iTunes

Quotables:

• 16:49 - "These things are very expensive because it's not just the claim or the hospital bill, it's the investigation time, it's the admin, it's getting somebody to replace that person if their off work, it's the reputational cost aswell so there are a raft of costs that are less well understood."
• 18:40 - "If you're not showing continuous improvement then the fines are going to get worse and worse."

#safety #insurance #riskmanagement