Risk Management

Risk Management

We are now offering Risk Management to our clients who qualify. Please call 727-796-9660 for more details.

Four Reasons Your Small Business Needs Risk Management

There are four common categories that commonly define Risk Management. They are market, credit, operational and reputational risk. These categories can be combined and analyzed as part of an enterprise-wide approach to risk management.

  1. Market Risk
  2. Credit Risk
  3. Operational Risk
  4. Reputational Risk

Why implement a risk management program?

Risk Management is about protecting your staff, members and visitors from injury or death, as well as protecting your organization from legal liability, high insurance costs and reputational damage.

Risk management begins with three basic questions:

  1. What can go wrong?
  2. What will we do to prevent it?
  3. What will we do if it happens?
If you are considering implementing a Risk Management Program, here is a list of some reasons you should:

Reason 1: Protect your organization from legal liability

Reason 2: Lower your insurance premium

Reason 3: Improve your reputation

Reason 4: Better information for improved decision making

Reason 5: Better asset management and maintenance

If you are interested in learning more about the Advantage Group’s Risk Management program, please call 727-796-9660.