Follow these six simple steps to improve your overall approach to risk management

Two red dice

  1. Risk management adds value to your business, providing competitive edge and enabling informed decision making
  2. Financial benefits can include reducing absence costs and minimising insurance premiums
  3. Insurance is an important part of the risk management tool kit for middle-market companies
  4. Brokers’ assistance is valuable because dealing with a number of companies means that they see the big picture and can benchmark your risk performance against that of your peers
  5. Evaluating your risks in terms of likelihood and severity enables you to decide which to insure, which to self fund, and which to prioritise for risk management
  6. Measuring your organisation’s risk appetite is essential for confident decision making on risk treatment and insurance purchase