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Risk Management Camrin Parnell 2017-09-11T12:48:55-04:00

Risk Management

What does it mean?

Risk is the possibility that a loss or adverse event may interfere with your ability to fulfill your objectives, whether through business or personal insurance. Risk also refers to an event in which a claim will be submitted.

Risk Management with Personal Insurance

  • Protect your loved ones from harm
  • Reduce liabilities
  • Assist in clearly defining insurance needs

Risk Management with Business Insurance

  • Save on resources (assets, income, property, staff)
  • Protect your reputation
  • Prepared for circumstances which could interrupt business

The Main Benefits of Risk Management:

  • People may sue in the event of even a minor occurrence. Taking steps to manage risk and reduce injuries could help in defending against a claim.
  • Courts can be sympathetic to injured claimants and may give them the benefit of the doubt.
  • Organizations, as well as individuals who give professional advice, are held to very high standards.
  • People are more aware in this day in age of the level of service that they can expect, and the recourse they can take if necessary.
  • Corporate and non-profit organizations can be held liable for the actions of their employees, volunteers, directors, and officers.
  • Big businesses are often perceived as having deep pockets, big assets, and large insurance policy limits.

Get in touch with BSMW to learn more about managing risk – we are here to help you protect your assets, family, business, and employees!

Learn More
BSMW Insurance

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1-866-858-5257

info@bsmw.ca

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