What Does “Properly Covered” Really Mean — and Why Most Businesses Aren’t
What Does “Properly Covered” Really Mean — and Why Most Businesses Aren’t There’s a phrase we hear constantly: “We have insurance, we’re fine”. And it’s the most dangerous phrase in risk management. Because “having insurance” and “being covered” are not the same thing. And the difference between them costs — usually a great deal —
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Risk Quantification: Transforming Uncertainty into Financial Strategy
Risk Quantification:Transforming Uncertainty into Financial Strategy Executive Summary: Subjective risk assessment (“I feel we are safe”) is no longer sufficient for Board-level decision-making. Risk Quantification allows management to know the exact financial footprint of a potential business interruption. Moving from qualitative to quantitative risk is the difference between an “insurance expense” and an “investment in
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