The importance of a business's risk profile

With commercial property and casualty insurance remaining in a hard market now for 26 consecutive quarters, it's increasingly important for businesses to manage risks and enhance their risk profile.

By proactively managing risk, a business will:

• Prevent claims, but at a minimum will mitigate the impact of claims.

• Reduce lost workdays and workers compensation claims.

• Improve and protect culture and brand reputation.

• Enhance risk profile.

• Broaden the insurance market and attract competitive underwriting.

Simply put, insurers and underwriters are looking for profitable customers.

Slip and Falls are a significant risk and a top premises liability and workers compensation claim for insurers.

An effective non-slip floor treatment that raises the dynamic coefficient of friction allows a business to mitigate this risk and tells insurers that proactive efforts are being taken to reduce claims.