Summary
Over decades sports have become a serious activity that has increased worldwide, making investors earn from it while others do it for recreation. Since most games cannot be held in disclosed and unmanaged places, most business partners have invested in making stadiums for easy sports facilitation. As games are efficiently conducted on these fields and stadiums, injuries are likely to occur as more people are on the ground, and the ball may accidentally hit them, mostly in football sports. Therefore, to minimize all these occasions, the stadium owners should introduce ways to provide them as they may lead to potential risks in their facilities. The essay displays steps managers should follow to minimize the potential dangers of an occurrence where employers’ liability is concerned.
The following steps should be followed to overcome these challenges completely.
Avoidance
Avoidance mitigates risk when an individual stops participating in activities that may cause injuries, sicknesses, or death. For instance, financial and health risks may lessen if cigarette smoking is avoided (Fox et al., 2018). Smoking is a strenuous activity that claims more than 480000 lives per year and causes preventable deaths in the United States (Petrides et al., 2019). Therefore, if the players on the grounds are smoking, managers should advise them to stop the activity as it may cause health problems to many.
Retention
Retention refers to the acknowledgment and acceptance of the risk given by the activity done. Mostly these acceptances risks include production of cost, which helps offset more significant risks. For instance, an individual may take a lower-premium health insurance plan with high deductible rates (Fox et al., 2018). In some cases, the primary trouble refers to the cost paid more out of pocket to cater for an arisen health issue in terms of medical expenses. If the health issue is life-threatening and becomes more serious, the health insurance covers most of the costs beyond the deductibility as its benefits are available.
Sharing
Sharing is implemented chiefly from the employers’ benefits based on the company’s allowance in insurance premiums with the employees. It helps the company to share and benefit all the employees participating in the organization with insurance (Fox et al., 2018). The cost of premiums shrinks proportionally when more participants share the risk. As a result, when choosing employers’ life and health insurance plans, individuals find it in the best interest while sharing the risk.
Transferring
Transferring refers to the exchange of risks from an individual to the insurer, more so health insurance. In this case, one can share financial risks associated with health care from an individual to the insurer. These financial risk exchanges are assumed to be documented and premium contracts by the insurance company between an individual and the insurer (Fox et al., 2018). Therefore, the agreement offers all stipulations and conditions one must meet to take the financial management of masking the risk.
Loss Prevention
Managers should minimize loss rather than eliminate it. They should accept it and stay focused on maintaining and preventing the loss (Fox et al., 2018). Preventive care should be used in keeping it as it is usually used in health insurance. Members will receive physical examinations and annual checkups through this method as it often offers co-pays.
A slippery stadium may cause the employer concern regarding the facilities’ operation. For instance, if the stadium hosting the world cup is deceptive, “the Qatar stadium,” the stadium owner or management should have reasonable notice that the field is constantly slippery. Therefore, the person who slips in the area may reasonably argue with the stadium owner (Fox et al., 2018). The claimer assumes that the employer knew or should have known and did something towards the slippery ground.
References
Fox, M. A., Spicer, K., Chosewood, L. C., Susi, P., Johns, D. O., & Dotson, G. S. (2018). Implications of applying cumulative risk assessment to the workplace. Environment International, 115, 230-238.
Petrides, J., Collins, P., Kowalski, A., Sepede, J., & Vermeulen, M. (2019). Lifestyle changes for disease prevention. Primary Care: Clinics in Office Practice, 46(1), 1-12.