As a venue, production company, city organization, or independent producer, safety is always a top priority, and the pressure to ensure everything runs smoothly is immense. A whitepaper published by Deltek and Project Management Institute on risk management shows that almost 10% of every dollar spent within a business is wasted due to ineffective risk management. This means that a workplace outbreak can cost a company thousands, if not millions, of dollars in worker’s compensation claims, litigation, HAZMAT disinfection, case management and response, tele-medical accommodations, overtime, scouting and onboarding new talent, fines for non-compliance, increased testing, wasted physical resources, and in some cases, public relations.
To avoid these costs, it’s essential to invest in active risk management. This involves identifying, assessing, mitigating risks and responding to risk events based on unique schematics. The impact of this investment is hard to calculate, but investing in risk management early on provides companies with safety and security, and helps to retain talent.
By hiring a 3rd party safety company, you’ll not only benefit from their expertise, but you’ll also have the advantage of an unbiased auditor. Third-party safety companies act as an impartial auditor, providing an outside perspective on safety procedures, protocols, and systems. They can assess the effectiveness of existing measures and suggest improvements to enhance safety. This impartial viewpoint can help ensure that safety protocols are comprehensive, effective, and meet all relevant regulations.
Crew, talent, vendors, and audience members need to feel safe and secure during productions. They need to know that if something goes wrong, the production’s safety systems will be in place and they’ll receive the help they need. By hiring a 3rd party safety company, you can ensure that your event runs smoothly, minimize the risk of workplace outbreaks, and provide peace of mind to everyone involved. With the right risk management in place, you’ll receive a strong return on investment and make sure that the 10% of lost funds due to ineffective risk management is avoided.
No matter the size or scope of your project, there are safety solutions for you. Drop a quick line about your project and book a free consultation with Safety Compliance Services at booking@safetyscs.com.
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