About Bethaney Wallace

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So far Bethaney Wallace has created 3 blog entries.

Contingency Plans = Survival!

The last Tip, “The ‘Oops’ Factor of Risk Management” introduced contingency planning as a business survival tool. I said these plans are simple, but detailed. How can you create effective plans that will produce great outcomes in a crisis situation? Checklists are very effective tools. They can grow and adapt easily to new situations or [...]

The “Oops” Factor of Risk Management

Contingency planning might be the most important element of risk management. Director Magazine reported that 80% of firms that suffer a major setback to revenue do not survive – unless they have a contingency plan. While prevention is great, it’s not foolproof. Something’s going to go wrong – it might be a computer glitch or [...]

Your Personal Insurance

Two important questions are often misunderstood when I am asked about personal insurance. Recently, a client asked, “I have replacement cost insurance on my house, so I’m in good shape, right?” Then he added, “Because I have high liability insurance limits for my business, I don’t think I need a personal umbrella.” The yellow [...]