What is Risk Management?
Risk Management is the identification, assessment and prioritization of risks and the subsequent coordinated and economical application of resources to minimize, monitor and control the probability and impact of losses.
Is a risk management plan necessary if I have a small business?
Yes, it is a way of protecting your business from the unexpected things such as but limited to damages or even loss of profit.
What are some risks that may cause a business loss?
Businesses may take a loss from property damage control or uncontrolled by nature, work injuries from customers or employees, legal liability lawsuits or business interruption when a business does not open because of something like snowstorm or hurricane.
How does risk management impact your bottom line?
It provides an opportunity for better pricing on insurance premiums, saves out-of-pocket costs like deductibles, ensures a safe and stable environment for employees, volunteers and customers and helps you understand and be prepared for risks before losses occur.
Have you considered the following strategies for addressing risk?
Risk avoidance, mitigation or prevention, risk transfer and risk retention are techniques we use to protect clients.
What’s Your Strategy?
We can help you assess your organization's risk exposure, customize an insurance coverage package, and help you successfully manage your policies.
Comprehensive Insurance Solutions
By continually assessing, mitigating and monitoring risk, we take a comprehensive perspective on risk management and services are driven by our clients’ specific needs.