One of the major risks faced by any small business today is the imminent threat to your computer systems. Your computer system is your connection to the world and to your customers. In our highly connected online world, too, there…
Not all risk may be transferable to an insurance firm. There are certain identifiable risks that most insurance firms consider uninsurable. Those risks identified in your risk management profile that can be transferred are determined by what are known as…
As a small business owner today, you have so many concerns over and above running your business that it is hard to get a handle on everything sometimes. There is risk everywhere and despite the best laid risk management plans,…
According to the latest research by the Insurance Information Institute, most small businesses, and especially the home office entrepreneur, are either woefully under covered for risk, or they have no insurance coverage in place at all. Understanding risk, and putting…
Dealing with risk is something every entrepreneur and small business owner is intimate with. Striking out on your own, forging reality from a vision, requires courage and, of course, a certain amount of risk. Basically, insurance came into being as…
The most successful companies are not only aware of risk management but it has become an ingrained part of their corporate culture. But what if you are a start up? What if you are a younger small business just starting…
For the entrepreneur and small business owner, nothing can be more helpful to your business than cost-benefits analysis, especially as it relates to risk management. Basically, what your cost-benefits analysis will do for you will be to give a monetary…
When it comes to risk and risk management, most entrepreneurs and small business owners don’t seem to have the grasp on it that they should. Many small businesses today are operating without a business plan. Your business plan is the…
The lifeblood of every entrepreneurial endeavor or small business is cash. Whether it be attainable cash flow or whether it be investors, your dream, your company, depends on it. Your risk management policies, as well as your overall risk profile,…
Every entrepreneur and small business owner understands risk and the importance of risk management. But how many of you have the time to dedicate to it? Sadly, for most entrepreneurs and small business owners, risk assessment and prevention is forever…