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 [...]

Is Your Reputation Important?

Your business reputation includes everything from your corporate and social responsibility, to the trustworthiness of your sales and delivery people. It can also be the most difficult asset to protect because it's intangible. You work to build it every day, yet it can crumble with one blunder - that you might not even see coming. [...]

Got Uninsurable Risks?

“Uninsurable” can mean an insurer will not offer a certain coverage, or that you cannot afford the premium! Will not offer: There are many risks that are considered uninsurable by insurance companies. Most often because they are looking out for their bottom dollar, including reasons like: They don’t want “sure losses” like inventory shortages or [...]