Risk ManagementAlthough most of us carry insurance on our business, there are few people who relish the thought of making an insurance claim. Even when everything goes smooth, and you are put back on your feet in relatively short order, accidents and losses are, at best, less than ideal experiences.
Most insurance policies are designed to be comprehensive tools, especially those for small businesses. The idea is that one simple economical policy or two can cover off the most likely circumstances.
However, as the business grows, and/or the circumstances in which it operates fall outside industry conventions, standard commercial insurance policies can leave large exposed areas of the business. Furthermore, sometimes coverage simply isn't available for certain exposures.
The lack of insurance protection can be a frightening proposition for a business, however, there are other ways to protect against those exposures- and those methods should form part of a well orchestrated and active Risk Management plan.
Risk Management is, quite simply, understanding the risk one faces, and preparing for those eventualities. Effective Risk Management, on the other hand, is preparing for those possibilities in the most efficient, economical way.
Effective Risk Management is best served by a Certified Risk Manager. Here at Mitchell McConnell, we have certified members of the Global Risk Management Institute. This extensive professional education combined with decades of experience can benefit your business.
To discuss your needs in person or to obtain more information of how we can help, please contact our office, and we will have a certified professional contact you.