Risk Management is intended to minimize financial risk and other losses associated with your assets, business, and or health. The first line of defense is to identify your source of risk and then either avoid or minimize exposure to said sources through business risk management. The last line of defense is insurance (asset protection planning).

A common way to transfer risk and protect your personal and business assets and reputation is Insurance. Lawsuits, accidents, property damage, and other financial risks are facts of everyday life. Other protections are available under the law or by repositioning asset ownership.

Business risk management identifies your options for handling these risks. Your risk profile can be affected by both genetics and lifestyle choices.  Planning ahead and determining what protections are available and selecting those most applicable to you and your business can provide not only reduces premiums/costs but also additional gains down the road in the event of a damaging event. 

Office - Businessman using a tablet