As part of our undertaking for our clients we assist and advise in relation to risk management techniques, so that risks to which your business is exposed are correctly identified and as a result can either be lessened or eliminated. Obviously, the insurance portfolio is an integral part of this responsibility but as detailed, Risk Management is an equally important function.
To effectively manage risk, it is first necessary to understand the meaning of the term "risk management" as, depending on industry and personal experiences, the term will have different conitations for different managers.
In broad terms, risk management will vary but may include matters such as protection of physical and personnel assets, minimisation or prevention of personal injuries to staff, reduction of potential causes for loss or liability and even extend to indentifying financial exposures to business by way of currency fluctuations or overseas trading.
A more in depth explanation of risk management and risk management techniques is included in the Library section of this site.
