What Is Risk Management
The principles of risk management are simple and can be adopted by any company. Large complex organizations will require more complex solutions but for the average SME business, risk management is an important and cost effective tool. It is not just about insurance, it's about managing risk. All companies face threats and our role is to help them identify, manage and control them. The business benefits to properly managing risks can be enormous." Graig Eason, MD of IMG LTD"
The management of risk is a fundamental business issue, by breaking risk down into different categories, we help companies identify and manage these risks, Many risks faced by a business are not insurable and how businesses manage these can be critical to their growth and prosperity. The cost of implementing the appropriate measures should outwigh the consequences of not taking action. The true cost of risk is very much like an iceberg with the potential cost of non-compliance dwarfing the cost of managing the risk.
