Month: June 2020

Rack Safety

Ensuring Rack Safety in Warehouses: 3 Key Considerations

A warehouse that uses racks to store its items has to be vigilant about using them safely. Rack collapses can cause serious injury as well as property damage. Here are three important considerations for managers about how to prevent rack collapses.

1. Leave Sufficient Aisle Space

Leaving ample space between racks is a fundamental part of preventing rack collapses. The space between racks needs to be wide enough for people and equipment to pass through with ease. If there isn’t enough clearance to pivot and turn easily, one false move can send a rack crashing down. In addition, insufficient space could create a domino effect if one rack falls.

2. Don’t Overload

Even if it looks like there’s enough space on a rack to store a large number of items, the weight of the items may be more than the structure was intended to support. Be mindful about weight rather than paying attention only to volume, and don’t attempt to exceed a rack’s specified weight capacity.

3. Don’t Top-Load

If the top shelves of a rack are fully loaded but the bottom shelves are overloaded, a rack can easily become unbalanced. Avoid a precarious distribution of materials by making sure that racks containing the most items are nearest the bottom. Ideally, weight should be evenly distributed throughout a rack.

environmental impairment liability

When Is Environmental Impairment Liability Insurance a Good Choice for Your Business?

Environmental Impairment Liability insurance provides coverage for businesses whose operations can result in hazardous waste that poses an environmental threat. It is a company’s legal obligation to ensure the safe handling and disposal of toxic waste materials. Even with the best containment efforts, however, accidents can happen. If contamination occurs, the company is responsible for cleanup and damages and faces potential lawsuits.

EIL Insurance Benefits

Contractors, manufacturers, dry cleaners and chemical companies are all examples of the types of businesses that would potentially benefit from EIL insurance. A good policy helps your company remain operational when you are hit with the costs of litigation, fines or cleanup. It also offers some protection when environmental contamination accidents result in business interruptions.

EIL Insurance Exclusions

EIL insurance is designed to protect companies from the expenses incurred from hazardous waste contamination. Experts in the industry, however, note some important environmental impairment liability exclusions, including:

  • Damages resulting from disregard of legal responsibilities
  • Claims for damages to insured’s property
  • Contamination that should have been expected
  • Injuries to company employees

Responsible management of toxic materials is a legal and moral responsibility. Even so, there is always the risk of environmental contamination that results in damages. The best way to protect your business from expensive repercussions is to procure an EIL insurance policy tailored to your company’s needs.

marketing plan

3 Goals Your Marketing Plan Should Meet

Whether you own a small business or a multinational corporation, you have to have a solid marketing plan. Your marketing performance management strategy must have three key goals to be effective.

1. Set Clear Goals

Your marketing can’t work if you don’t know what you want it to do. Set a specific desired outcome. For example, should your marketing strategy result in new customers? If so, how many? Set a clear goal and build a marketing plan that can achieve it.

2. Measure Effectiveness

Don’t just assume that a well-planned strategy will work. Good marketing performance management ensures that the strategies you are using are actually achieving the results you want. You need a way to measure all marketing avenues:

  • Word of mouth
  • Digital marketing
  • Brand management
  • Paid advertising

Even low-cost marketing plans take time and effort to enact. Make sure your resources aren’t being wasted.

3. Tweak Your Plan

If your marketing performance management tests reveal that what you are doing is not accomplishing the result you want, change your strategy. This requires well-informed contingency plans. Change what you are doing to get the outcome you want.

The marketing efforts you make should ultimately serve to improve your business and help you reach your goals for growth. Having a solid plan and a way to measure and adapt it is vital.