Federated Insurance and the
Tire Industry Association (TIA) are
conducting the Designated Risk Manager (DRM)
Training Program from April 23 through 25 at
Federated’s home office in Owatonna,
Minn.
The training sessions, which began in 2002,
were developed to target the unique needs of
tire dealers and their 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 of between 20 percent
and 30 percent.
Wilson Beach, TIA’s membership director and
formerly a long-time automotive service center
owner, says that “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.”
The classes address specific risk management
concerns for tire dealers, 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.
It is a first-come, first-served program open
to all TIA members regardless if you are
insured with Federated or not. Due to space
limitations, only one attendee per company can
be accepted.
Attendees are responsible for airfare, rental
car, hotel and a couple of incidental meals.
The program itself is free of charge to all
TIA members.
Visit
www.tinyurl.com for additional
details.
For more information, visit www.tireindustry.com.