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…
For the online business, cyber crime is, indeed, an ever present threat and an ever present reality. What most small business owners and online entrepreneurs fail to understand, however, is how inevitable it might be. Most current research suggests that…
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…
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,…
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…