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Special Report, Duty of Care Risk Management

Plan To Be Prepared

The risks your business travelers face are evolving. Your policy to protect them must too

As the world shifts both geopolitically and socioeconomically, companies large and small need to establish an effective travel risk management program. Such a program provides a framework in which to evaluate new tools and revise policy in response to a changing corporate and global environment. However, where does a company even start to build a real policy?

Risk management experts may advise you about checklists, traveler communication, travel insurance, evacuations and many other specific parts of a policy. However, these are all tactical elements. But just having these components is not the same as having an overarching policy structure – and yet it’s hard to know what to leave out, if anything.

Who’s In It?

To begin with, one of the most important prerequisites for creating an effective travel risk management policy (TRM) is to know who to invite to the table. With many departments serving as mini-multi-tasking units – within both large conglomerates and smaller companies – it’s essential to know the key players.

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