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Risk management is identifying and then managing threats that could severely impact or bring down your company. This usually involves reviewing operations of the organization, potential threats to the organization and the likelihood of their occurrence, and then taking appropriate actions to address the most likely threats.
Traditionally, risk management was thought of as mostly a matter of getting the right insurance. Insurance coverage came in rather standard packages, so people tended to not take risk management seriously. However, this impression of risk management has changed dramatically. With the recent increase in rules and regulations, employee-related lawsuits and reliance on key resources, risk management is becoming a management practice that is every bit as important as financial or facilities management.
Let us work with you to review your organization procedures and insure that you have the right coverages for your business.