Occupational Safety and Risk Management

Effective managing employees’ work injuries and other business risks are vital nowadays not only minimizing losses in terms of statutory & civil liabilities but also fostering employer & employee relationship which is invaluable to measure. Needless to say, ineffective management does have adverse potential in increasing insurance premium loading which to the extreme extent, can be detrimental even to the business continuity of the company with a high loss ratio.

KMCT here provides risk management service as part of our value-added commitments to assist you in improving loss ratio. It includes but not limited to risk survey to your work premises with betterments suggested for loss prevention and injury management. Upon your request we also provide talk, seminar, workshop and solutions to help raising awareness and management capability of your employees in terms of risk and safety.


  1. Q: What is risk?
    A: Exposure (someone or something valued) to danger, harm, or loss.
  1. Q: What is risk management?
    A: It is the process of making and carrying out decisions that will minimize the adverse effects of risk on an organization.
  1. Q: Why we need to do risk management?
    • Save business money
    • Reduce the chance of injury in the workplace
    • Enhance communication
    • Benefit culture change
    • Protects company’s resources
    • Improve company’s brand image
    • Guide decision making
  1. Q: Can the risk be transferred?
    A: Most of them can be transferred to insurer in consideration of premium though not all.
  1. Q: How does the premium calculate? Is it expensive?
    A: There are a few factors to decide premium but two predominate one are client’s risk management capability and loss history which they are normally inter-related. A well-executed risk management plan generally promotes less loss that benefits premium cut
  1. Q: I don’t know how to do risk management, can anyone help?
    A: KMCT will be partnering with you in solutions. First we will go through your loss data, conduct site survey with remedial recommendation for you to consider, and comply report for insurers’ good consideration during their risk underwriting. It is also our intention to work with you all year round in accident prevention but not just touch base once a year during policy renewal period
  1. Q: Does risk management pay?
    A: It is a general acceptable norm that the uninsured or indirect cost of risk are 4 – 8 times of the insured or direct cost of risk. So when you save one dollar of direct cost of risk, you are actually saving 4 – 8 dollars of your company’s money and at most of the time they are uninsured.