How do you encourage employees to pursue innovation at your company?

“The first thing is you have to make it safe for them,” says Verisk Analytics President and CEO Scott Stephenson.

“You just have to say that this is what we’re looking for and that we’re not going to look down on what you’re doing if you come to us with a proposal that is something new and innovative but falls outside of your existing budget,” says Stephenson, who has led the company for the last 18 months.