What does Crisis Management Approach mean? Read on to discover the definition & meaning of the term Crisis Management Approach - to help you better understand the language used in insurance policies.
Crisis Management Approach
A theory of accident causation and control where any major incidents or accidents that can lead to a crisis are identified and extensive plans to mitigate the effects of such incidents are developed. Crisis management involves effective planning, organizing, leading, and controlling activities and assets in the critical time immediately before, during, and after a major incident. A risk manager should be actively involved in the crisis management process.
We hope the you have a better understanding of the meaning of Crisis Management Approach.