Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Insurances for human capital risk management in SMEs

Insurances for human capital risk management in SMEs Purpose – The purpose of this paper is to analyse how insurances can be used in the management of human capital risks. The issue is highlighted in the context of small and medium‐sized enterprises (SMEs). Design/methodology/approach – Building on literature on intellectual liabilities, the paper provides a comprehensive picture of human capital related risks, emphasising their effects on SMEs. The issue is analysed empirically through a qualitative case study of an insurance company. Findings – The paper divides the identified human capital risks into insurable and uninsurable risks, determining a specific insurance solution for each insurable risk. Based on the results, pension, accident, health, life, liability and crime insurances are the most useful types of insurances for the management of human capital risks. Research limitations/implications – The generalisability of the findings is limited by the methodological choice. As the study is conducted from the viewpoint of an insurance provider, it does not consider the effectiveness of the suggested insurances in practice. Thus, more empirical studies on the approach are called for. Practical implications – This paper creates a basis for the better recognition of the various human capital risks in companies and describes how insurances can be applied for the management of these risks. Originality/value – In addition to considering human capital risks as an entity, the paper contributes to the research on knowledge asset protection by examining a practical risk management method for these risks. According to the authors' knowledge, insurances have not been introduced in this context before. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png VINE: The Journal of Information and Knowledge Management Systems Emerald Publishing

Insurances for human capital risk management in SMEs

Loading next page...
 
/lp/emerald-publishing/insurances-for-human-capital-risk-management-in-smes-bGlrbyVbbT

References (44)

Publisher
Emerald Publishing
Copyright
Copyright © 2012 Emerald Group Publishing Limited. All rights reserved.
ISSN
0305-5728
DOI
10.1108/03055721211207761
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to analyse how insurances can be used in the management of human capital risks. The issue is highlighted in the context of small and medium‐sized enterprises (SMEs). Design/methodology/approach – Building on literature on intellectual liabilities, the paper provides a comprehensive picture of human capital related risks, emphasising their effects on SMEs. The issue is analysed empirically through a qualitative case study of an insurance company. Findings – The paper divides the identified human capital risks into insurable and uninsurable risks, determining a specific insurance solution for each insurable risk. Based on the results, pension, accident, health, life, liability and crime insurances are the most useful types of insurances for the management of human capital risks. Research limitations/implications – The generalisability of the findings is limited by the methodological choice. As the study is conducted from the viewpoint of an insurance provider, it does not consider the effectiveness of the suggested insurances in practice. Thus, more empirical studies on the approach are called for. Practical implications – This paper creates a basis for the better recognition of the various human capital risks in companies and describes how insurances can be applied for the management of these risks. Originality/value – In addition to considering human capital risks as an entity, the paper contributes to the research on knowledge asset protection by examining a practical risk management method for these risks. According to the authors' knowledge, insurances have not been introduced in this context before.

Journal

VINE: The Journal of Information and Knowledge Management SystemsEmerald Publishing

Published: Feb 10, 2012

Keywords: Intellectual liabilities; Human capital; Knowledge asset protection; Insurances; Small to medium‐sized enterprises; Risk management

There are no references for this article.