Monday, January 7, 2013

Insurance is Just a Part of it

Rhodes Williams

Lorne Wiebe has written another article about issues important to business owners, for the local online hub serving Cornwall, Stormont, Dundas & Glengarry - . What follows is an introduction to that article. The full article can be read in his column, "Risky Business"

A Sign of the Times
Photo Credit

"..if all you are hearing from your broker is that you “need more insurance” perhaps it’s time to find a different broker"

When it comes to protecting your business from the hundreds of risks it faces everyday, you might expect an insurance broker (guilty as charged) to offer a one-word solution…insurance. But that isn’t the case – or at least it shouldn’t be. Your insurance broker needs to point out a whole list of other options for you whenever the discussion revolves around protecting your company.

We use a handy little chart at Rhodes & Williams Ltd. which spells out all of your potential protection options, including risk avoidance, risk mitigation, risk transfer and even risk acceptance. I won’t dig deep into all of these risk management options because each of them is a discussion as long as your arm and not all of them apply to every business situation but knowing just a few of them might make you think about your operation a bit differently.....

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1 comment:

  1. crazyly insightful article. If only it was as easy to implement some of the solutions as it was to read and nod my head at each of your points Cheap life insurance in Houston