Katapult

Blog Posts by Tag: "risk management"

Mike Natalizio

The Many Flavors of Wicked Problems

At HNI, we use the term “wicked problems” to describe the deeper, more complex issues that are really at the heart of risk for businesses.

Leaders are constantly called on to solve problems. 99% of the time, these problems miss the point. There is usually something much bigger behind the fires they’re being asked to put out, and many make the mistake of focusing on the symptoms, and not the root cause - the “WICKED problem”.... Read More

Tom Kretsinger, Jr.

Father’s Day

In 1998, I changed careers. I left the practice of law after many years and started a career in trucking. I was trained and experienced to “think like a lawyer.” It took a couple of years to temper that and learn to also think like a leader and businessman. Lawyers generally do not understand business. You see lawyers think differently than the rest of us. One can only acquire the ability to “think like a lawyer” by surviving three brutal years of law school and a tortuous bar examination. Practicing law develops this trait further.... Read More

Joe Morrison

What Constitutes Due Diligence?

Every safety director in the country wants to find a "window" into a person's future so that they can determine if they're a potential risk. After all, safety is about risk management. We talked about some ways to accomplish that last month in the discussion about Predictive Risk Modeling. Unfortunately we can't actually view the future but we can look at a person's past and current habits.... Read More

Trent Tillman

Aftermath in Transportation Risk Management

In traditional capacity models, carriers handle the heavy lifting; procuring freight from customers, obtaining licenses, filings, operating authority, liability insurance, etc. This environment is commoditized and fosters little opportunity to invest in or display value / differentiation. In all honestly, how many of your competitors have access to the same training modules, "proprietary" technologies, safety materials, etc.?... Read More

Robert Franklin

The Importance of "Evidence Preservation": Part 8 - Dealing with the "Litigation Hold"

Preserving evidence in the event of an accident is crucial to minimizing one's liability exposure. This is Part 8 in a nine part series of related discussions. The full list of the parts to this series appears following this installment.

“Litigation Hold” is a commonly used term of art referring to the duty to preserve evidence when one has knowledge, actual or constructive, that such evidence is likely to be relevant to resulting litigation. The primary question is when such a duty is triggered. Once it is triggered, the issue then becomes the scope and timing of what action one should take, and what evidence one should preserve.... Read More

Robert Franklin

The Importance of "Evidence Preservation": Part 7 - Electronically Stored Information

Preserving evidence in the event of an accident is crucial to minimizing one's liability exposure. This is Part 7 in a nine part series of related discussions. The full list of the parts to this series appears following this installment.

The development of technology has dramatically changed the world in which we live. Not that long ago, email and other electronic forms of communication, and information storage, were a novelty. Now, they are commonplace. In fact, it has been estimated that 95% of all information is now digital, and that more than 3.2 trillion emails are sent annually.... Read More

Jim Buchanan

Trucking Economics Part 4

Go to Market Prepared

Freeway SystemSourcing your transportation spend can be a complex and emotion-filled process. Managing the process, introducing new potential providers, creating a competitive marketplace, and balancing service and price can be challenging even for the most seasoned project manager. Overcoming the challenges requires a fact-based, economics-driven, comprehensive approach.... Read More

Robert Franklin

The Importance of "Evidence Preservation": Part 6 - Records Retention

Preserving evidence in the event of an accident is crucial to minimizing one's liability exposure. This is Part 6 in a nine part series of related discussions. The full list of the parts to this series appears following this installment.

The specific minimum requirements for records retention by interstate carriers, brokers, and freight forwarders are set forth in Part 379 of 49 CFR. While such regulations are not binding upon an intrastate, or otherwise exempt, entity, many states have adopted 49 CFR, in whole or in part, so that they may effectively apply. Moreover, even when they are not specifically applicable, a plaintiff may well argue that they provide an example of reasonable conduct, and thus the failure to abide by them could be deemed to constitute negligence, or provide the basis for a spoliation claim.... Read More

Rob Moseley

Protecting a Truck Insurer from an Insured’s Potential Bankruptcy: Letter of Credit as Collateral

Too often in today's economy, insurers are getting the short-end of the stick when the motor carriers they insure file bankruptcy. By the time the insured files bankruptcy - or possibly even before any financial problems arise - it is generally too late to protect your company from the effects of the insured's bankruptcy. Therefore, safeguards must be put in place beforehand in order to insulate an insurer from bankruptcy's often harsh consequences, including harmful effects on an insurer's collateral.... Read More

Del Lisk

Risky Driving Behavior – Was it Willful or Unknowing?

I've been working at changing driver behavior for almost 30 years - both seasoned drivers with more than a million miles under their belts and those fresh out of trucking school in their first few weeks of commercial driving.

Through this experience (including presenting thousands of on-road training sessions), I've seen drivers make every mistake you can imagine, regardless of experience or attitude.... Read More