Home Page Group Health Individual Health Business Insurance Home and Auto Insurance

 

In today's economy, there are many risks and threats to your business.  Some of these risks and threats include:
  • Employee engagement
  • Employee productivity
  • Attracting the right employees
  • Retaining the right employes
  • Compliance issues
  • Health Care Reform
  • The economy itself
  • Storms, hurricanes, earthquakes, etc.

There are literally hundreds of issues.  These risks and threats create complexity in businesses. And complexity can lead to chaos.

Well stop the chaos!  How do you do that?  Identify the biggest risks and threats that are facing your business.  Prioritize them in the order in which you want to deal with them.  Then create a strategic plan to either prevent, mitigate, or transfer the risks and threats.

We think there are two ways to do business.  One way is to show up every day and not have a plan or a sytematic way of dealing with the chaos and complexity.  This type of response is all reactive.  In this case, a company would be trying to out-produce it's problems.

The second way is to implement a proactive plan to identify the risks to your business, prioritize them and then create a systematic plan for controlling or eliminating the biggest issues...and then keep score.

We think you'll agree.  Having a proactive plan in place to deal with risks and threats that are either costing you money now, or that could cost you money in the future is the right way to do business.

Blog Authored by: Garry Watts, CPCU

Posted 2:12 PM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
HomeClaimsGet A QuoteContact Facebook Twitter LinkedIn Youtube Powered by Insurance Website Builder
174 Center Street | Winona, MN 55987
O: 507-452-3366 | TF: 800-657-4448
975 34th Avenue, Northwest Suite 302 | Rochester, MN 55901
O: 507-424-4400 | TF: 800-657-4448