Business Risk Management
Business risk management almost always brings financial savings. We help build a risk management process, that identifies risky practices ans helps to avoid them as well as improves work safety. We evaluate when taking a reasonable risk is more profitable than acquiring too expensive insurance. Risk management is not only insurance but changing and developing your operating methods.
Risk management consulting for many needs
Our experienced experts are happy to take on even more complex risk management challenges. When necessary, we also advise in risk management of a specific business area or item (e.g., supply chain risk management). In addition to risk management, we also offer other services related to the company's insurance. Our insurance broker always looks at your company individually and builds a solution that meets your needs.
Enterprise risk management challenges you to think big
Identifying and managing the risks associated with a business is essential to its success. A company's activities are affected by a number of internal and external factors, the effects of which are unpredictable.
Business risks can manifest themselves in a variety of ways and can have a wide-ranging impact on a company's operations. The classification of risks helps to identify and manage them. The following classification is commonly used:
- Strategic risks relate to the long-term strategic objectives of the company and their achievement.
- Financial risks relate to the financial situation of the company, such as profitability, liquidity and costs.
- Operational risks relate to the internal or external processes, systems and personnel of the company.
- Damage risks concern, for example, personal safety, property or the environment.
A comprehensive review and assessment of risks from different perspectives provides the company with a comprehensive picture of the extent of the threats. It also helps to understand how different risks may be interlinked.
Often a single risk can affect many different areas, for example operationally, financially and strategically. It is therefore crucial to manage risks holistically.
