How strong is our coverage? What could cause our coverage to become ineffective? How can we obtain greater protection at lower cost?
When you begin an adventure, do you consider the potential hazards? If you take a hike in the wilderness, bad surprises can occur. Even though they may be unlikely, we prepare for them if we’re smart. We don’t go alone. We let others know where we’re going. We take extra water. We may even take a first aid kit. We’re commonly taught, “be prepared.”
What about your business? Are you prepared for the inevitable challenges, potholes, and surprises? Leading organizations protect their success by actively managing risk. But how? Over the last few decades, new methods for managing risk across the enterprise have arisen that go beyond business insurance programs. By learning and adopting the appropriate standards for your business, you can reduce the likelihood of bad surprises. Also, by “buckling up,” you can safely take calculated risks to grow your business.