Product Recall – A Primer: Pyramid Defense
This is the continuation of a four-part series. You can read the article that precedes this one here.
The Hazards of Risk: Part Two
This article is the second of a two part series. Please read the first part before proceeding.
The Hazards of Risk: Part One
A hazard is the potential to cause harm or refers to an occurrence that increases to likelihood of a loss.
Loss Control and Why CEOs Must Pay More Attention to It
Pay More Attention to Loss Control
An employee is injured … A fire occurs … An invitee trips and falls …
Insurance Risk Management Consulting Tip #7
Insurance Risk Management Risk Tip #7 – D&O Corporate Charter
Whether your organization is a publicly held company, private company (and yes private companies should have D&O too) or nonprofit it is vitally important to have a thorough understanding of the corporate charter, its indemnification of corporate officers and directors and how the directors and officers insurance policy protects their interests and that of the entity itself.
Insurance Risk Management Consulting Tipp Series
Over the next two weeks, we’re going to be publishing an article series called The Insurance Risk Management Tip series. In it we’ll be offering free advice to help you with your risk management needs, as well as providing some background and information that you can use to help you determine what your options are.
Executive’s Guide to Risk Management and Insurance – Reduce The Risk/Boost Your Bottom Line.
This guide was written for the astute executive, CEO, CFO, Controller, COO, VP, Board Member or Business Owner, who appreciates the complexity and importance of insurance issues and who wants to realize all the profit-boosting potential the right decisions afford the company.
Total Cost of Risk & Our Approach
Manage Cost of Risk, Control Price:
Every facet of your organization affects your cost of risk. It is difficult, at best, to quantify all aspects of this total cost of risk. For example, if you manufacture specialty equipment or products and you are faced with a recall, what is your loss of reputation or market share? In contrast, other components of your total cost of risk are easily quantifiable, such as insurance premiums, or the downtime of a custom piece of machinery and the resulting lost production.
Total cost of risk is an insurance term describing the cost of both pure and speculative risk. Additionally, cost of risk is synonymous with price — the price of your risk management program. We at Premier Risk Management take a total cost of risk approach to positively affect your price. Read more