TIA and Federated offering tire dealer risk management training

Jan. 1, 2020
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.
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.

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