What’s the difference between duty of care and risk management? When it comes to travel, the two terms are used somewhat interchangeably. While they are related, they are very different.
Duty of care is an organization’s legal and ethical obligation to do everything reasonably practical to protect the health and safety of employees. It applies to events as wide-ranging as terrorism to severe weather phenomena to smaller-scale emergencies, such as illness or personal injury.
Risk management, on the other hand, is how organizations fulfill their duty of care responsibilities by mitigating risk to the company and traveler through the application of smart policies, data analysis and security technology. With the overlap, it is easy to see why they can get confused.
The scope of duty of care becomes much more complicated as the world and its economy becomes more globalized—this is where risk management comes in. It is important organizations have the infrastructure to connect their travel management and travelers to the proper tools to safeguard them while traveling in the U.S. or abroad.
Fox has extensive experience developing risk management programs. We can provide and coordinate risk management tools to fulfill your legal obligation—duty of care.
Fox has the technology for latest risk assessments and potential travel threats globally, which allows for quick and real-time access to traveler locations anywhere in the world. Pre-trip country advisories and all relevant travel alerts can be delivered directly to the traveler with company risk administrators sending an aggregate of all impacted company travelers.
Fox offers duty of care and risk management consultation and implementation as part of our standard services.
Related PostsView More
Transform Data Management
Do you remember card catalogs at the library and looking through little drawers for hours to find all the books you needed to complete one assignment? That is what business data can look like:... Read More
Technology and Data Innovation Case Study
As vaccinations ramp up across the globe, business travel continues to rebound. It is clear travel will look and feel different in terms of not only the traveler experience but also in the value... Read More
Transform Perception: Communicating Your Travel Program to Executive Leaders
As a travel manager, you know best the value of your program. Organizations in the past year have a revitalized interest in their travel programs – either as a way to modify behaviors or... Read More