Southern Deliveries has decided to manage risk by requiring drivers to wear seat belts, have a commercial driver's license, monitor any moving violations each driver obtains, and to be sure that this information is kept in the employee records. Furthermore Southern has decided to carry an insurance policy with a very large deductible, preferring to pay for small damages to its trucks out-of-pocket. Southern has built enterprise risk management into their organization.

Question

Quizplus · Accepted Answer

The actions taken by Southern Deliveries show that they have implemented enterprise risk management into their organization. They have identified potential risks, taken steps to manage them, and have a plan in place to handle any occurrences that may still happen. By requiring safety protocols for their drivers and carrying insurance with a high deductible, they are financially and operationally prepared for any potential risks.

Southern Deliveries Has Decided to Manage Risk by Requiring Drivers