No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home Risk

6 Steps to Reduce Business Travel Risks

by Mike Kelly
June 23, 2015
in Risk
6 Steps to Reduce Business Travel Risks

Serious medical emergencies, political unrest and devastating natural disasters – these are just a few of the dangers business travelers face as they travel the world on behalf of their companies.  Even seemingly smaller travel issues, such as a lost prescription, a stolen passport or even a cancelled flight can wreak havoc on one’s travel plans at the worst possible moment. All of these risks are abundant in business travel, and as employees circle the globe, it’s your responsibility to protect them from these risks with proactive crisis management.

A key component of any well-rounded Travel Risk Management (TRM) strategy, proactive crisis management can help organizations meet their Duty of Care objectives and prevent issues from becoming even more serious.  Companies must be ready to deal with crises as opposed to simply just reacting to them – and this knowledge can only come through experience. This experience is best found by incorporating crisis response exercises into your company’s TRM strategy. Here’s how:

  1. Know What’s at Stake
    Understanding what is at stake and why it is important to uphold a company’s Duty of Care responsibilities are essential first steps in formulating a business travel risk management plan.

    When the pressure is on and consequences are high, it’s not always easy to react in a measured, responsible manner. Crises and rash decisions may go hand in hand, but impulsive behavior isn’t acceptable when employee welfare is on the line – in fact, not having a travel risk management program in place could be a violation of Duty of Care legislation. In many North American and European countries – including the U.S. and Canada – Duty of Care legislation holds businesses liable for protecting the health and safety of their traveling employees. Failure to do so could mean severe consequences for the offending company, such as civil and criminal liabilities.

  2. Focus on Strengths and Weaknesses
    When companies have a good grasp of their strengths and weaknesses, it becomes easier to move forward with a plan for improvement. To test your company’s weak spots, perform a thorough audit of your company’s emergency procedures. Dysfunctional processes can trigger or worsen a crisis situation, so it is vital to identify any cracks or unnecessary layers of complexity before an emergency strikes.
  3. Set Sound Objectives
    Crisis response exercises can provide constructive and in-depth problem-solving discussions – but these exercises only work as a preventative measure if undertaken before an emergency strikes.

    With that in mind, exercises should be undertaken with as much realism as possible. This means every stakeholder who would be involved in a true employee travel emergency should be present so there is ample time to discuss potential roadblocks and associated solutions. Objectives should be centered on the training in and familiarization with roles, procedures and communication chains to ensure the best emergency response from a duty of care standpoint. Communication with your company’s travel risk management provider should also be a priority to ensure your company can best leverage and align resources accordingly.

  4. Create a Scenario
    When a worst case scenario strikes, your company needs to be prepared for those unimaginable “what ifs.” While companies do their best to ensure these scenarios never happen – such as death, critical hospitalizations, evacuations or legal issues – the best line of defense is preparation.

    Emergency narratives are the foundation of crisis response exercises, as they allow companies to comprehend and prepare against the chain reaction that occurs when disaster strikes. As emergency narratives should be as realistic as possible, they need to address multiple hazards and consider a broad set of unexpected occurrences. These narratives should also be customized to your specific organization, including any unique jargon or agencies your company would encounter during a crisis situation.

  5. Figure Out Logistics
    In a true emergency, deadlines and schedules tend to fly out the window. But when it comes to reducing travel risks by staging an emergency exercise, following traditional logistical procedures is a great way to keep participants engaged and focused: have a schedule, keep a timeline and recruit third-party observers to take notes and facilitate your company’s crisis response exercises. Keeping participants engaged and on task will ensure a pattern of action which will better prepare your company for any true crisis.
  6. Establish Next Steps
    Once your emergency training exercise is complete, the true works begins: taking stock of what succeeded and what did not and creating a plan for your company’s risk management initiatives going forward. The last thing you want is a list of dilemmas without a solution in sight – to protect against this, secure buy-in from key stakeholders and executives, ensuring problems and trouble spots will be addressed before a true emergency occurs. By ending the training exercise on a strong note, your company sets in motion a plan for improvement that will reduce risk for your company and your employees.

With crisis management training exercises, companies can control their risks and liabilities – and most importantly, help create a stronger, safer network for business travelers around the globe.


Previous Post

Exclusive: An Interview with Jim DeLoach

Next Post

Dow Jones Integrates Sanctions Data with SWIFT Sanctions Testing Service

Mike Kelly

Mike Kelly

Mike Kelly headshot 12-1-14Mike Kelly is CEO of On Call International which for nearly 20 years has provided fully-customized travel risk management plans protecting millions of travelers, their families, and the companies they work for. Prior to this venture, Mike was president of a major international travel assistance company. In addition to his role as president and CEO of On Call International, he is a founding board member and former President of the U.S. Travel Insurance Association (UStiA).

Related Posts

launch visual lease esg steward

Visual Lease Launches ESG Tool for Asset Portfolios

by Corporate Compliance Insights
March 31, 2023

Lease software provider Visual Lease announced it has launched a new product, VL ESG Steward,  designed to help organizations track...

PW FCPA Enforcement and Anticorruption 2022 Review_f

FCPA Enforcement & Anti-Corruption Developments

by Corporate Compliance Insights
March 30, 2023

The year that was in FCPA & anti-corruption efforts 2022: A Year in Review FCPA Enforcement & Anti-Corruption Developments What’s...

JTC ESG and Impact Investing_f

The Evolution of ESG & Impact Investing: Are You Ready?

by Corporate Compliance Insights
March 30, 2023

Making money *and* doing the right thing Survey Report The Evolution of ESG & Impact Investing: Are You Ready? What’s...

Regology 2023 State of Regulatory Compliance_f

2023 State of Regulatory Compliance

by Corporate Compliance Insights
March 30, 2023

Understanding the impact of regulatory challenges Survey Report 2023 State of Regulatory Compliance What’s in this report from Regology:As the...

Next Post
Dow Jones Integrates Sanctions Data with SWIFT Sanctions Testing Service

Dow Jones Integrates Sanctions Data with SWIFT Sanctions Testing Service

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Code of Conduct Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT