One prevalent risk today that is generally ignored by most entrepreneurs and small business owner’s is that of their reputation especially their online reputation. What is most important in this regard is how to handle this risk across several platforms….
Unfortunately, natural disasters and other catastrophes do, indeed, strike every business without discrimination. You have evaluated and identified your risk. You have put operational processes in place. You have done your risk management by the book. So, how come your…
If your business is tied in to suppliers in foreign countries, or even if many of your customers are overseas, it may be time for you to consider the risk of not carrying political risk insurance. Customers and distribution points…
There can be no more important aspect to running a successful company than risk management. We have seen how companies unprepared for potential risk were easily destroyed. All you need do is think back to Enron, 9/11, and the recent…
As you begin to see your small business move out of start up mode an into an initial growth spurt, you will need to face the fact that your risks are going to change. Your risk management strategies need to…
The small business owner, or the entrepreneur, faces many challenges that are unique in the business world. When planning your risk management strategies, and deciding on the types of liability insurance coverage you are going to need, it is best…
If you are an entrepreneur or small business owner, liability insurance is something you need to have. It is as vital as coming up with the rent every month. Recent research statistics confirm that about 80% of all U.S. businesses…
While workers’ compensation is mostly a mandated situation throughout the country, it remains an important factor in lowering your overall exposure and risk. While the concept and the laws are fairly standard, they can differ from state. This is where…
One of the greatest risk hazards to any business is the possibility of negligence and any resultant liability. How to defend against these risks? Can you put together an effective defensive strategy? You first line of defense is your risk…
Mitigating risk is something every entrepreneur and small business owner worries about. They are, certainly, not alone. Even CEO’s at Fortune 500 companies lose sleep at night worrying about such things. One of the best ways to minimize any risk…