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…
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…
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,…