Carson Coaching’s Post

When it comes to protecting your business, it's crucial to take a comprehensive view. Don't just focus on basic coverage for assets. Consider the bigger picture. Here's what you need to do: 1️⃣ Assess your strategic plans: What are you building today? What are your goals for tomorrow? 2️⃣ Identify potential risks: Look beyond traditional coverage to areas like reputational, environmental, media, social media, and human capital risks. 3️⃣ Avoid underinsurance: Don't settle for the cheapest coverage. Holistically assess all factors that could impact your business. Remember, insurance goes beyond assets. It's about safeguarding against the unknown. Watch the full interview: https://lnkd.in/eqkmBqvB #BusinessInsurance #RiskManagement #ProtectionMatters #IntentionalitywithDominique #RVASmallBusinessNetwork

How to identify relevant business risks? Identifying relevant business risks involves understanding both internal and external factors that could impact your operations. For PDWinsure, this means analysing the specific services/products you offer, the market dynamics of the insurance industry, and any regulatory changes. This analysis can help pinpoint areas of vulnerability and opportunity, allowing you to tailor insurance solutions that address these specific risks effectively.

This webinar is a must-attend for anyone looking to bridge the often-overlooked gap between contract liabilities and insurance coverage. Whether you're a business owner, legal professional, or risk manager, these insights can be crucial in protecting your organization's financial health. 👉 **Reserve your spot now by clicking on the image below!** Looking forward to seeing you there! #StaffingIndustry #TempStaffing #Webinar #BusinessRisk #ContractualLiability #InsuranceCoverage #RiskManagement #ProfessionalDevelopment #BusinessInsurance #Staffing #Staffinginsurance #StaffingRiskManagement

Did you know that our team can provide you with a complimentary benchmarking review of your current insurance program? Our review can highlight any potential gaps in coverage, offer alternative placement structures and reduce the total cost of risk by understanding your business risk appetite exposure. We also conduct stress testing on business interruption exposure and perform claims trend analysis. Get in touch with us to learn more about how we can help protect your business.

Procrastination can be a very costly mistake, especially for business owners. BusinessKillers presents six common mistakes. Each illustrated with a short video story. Every attendee leaves the 60-minute presentation with a self-assessment that measures their individual level of risk. The BusinessKillers presentation is purely educational; it's about avoiding the six common mistakes. There is no discussion of insurance products or services. Nothing is for sale.

The ever-evolving risk landscape demands proactive business protection. Captive insurance programs, or 831(b) plans, continue to offer a unique solution for mitigating emerging risks and achieving tax efficiencies. But as with any financial strategy, choosing the right captive manager is essential. To read more: https://lnkd.in/ghD9DUcz #CaptiveInsurance #RiskManagement #831b #FinancialStrategy #BusinessProtection

The FCA have today issued 'Dear CEO' letters covering their insurance supervision priorities for the period 2023-2025. The letters cover: - Retail Insurance - Wholesale Insurance - Life Insurance In all 3, the FCA say "However, when we take a closer look at specific areas, too often we find significant failings." Copies of all 3 letters can be found at https://lnkd.in/dkT8euCJ To quote Matt Brewis: "We will use the Senior Managers & Certification Regime to engage directly with accountable individuals on areas of concern. A significant part of our activity over the next 2 years will be to test firms against our priorities and expectations. We will also continue to use data to identify outliers and, where firms are not meeting our rules and expectations, we will take action." If you have any questions about the way the supervisory approach affects your firm, please speak with Kenneth Underhill or any other member of the ICSR team.

As your business advances, fortifying its foundation becomes paramount. It's time to gear up and prioritize safeguarding your enterprise. Evaluating insurance policies isn't a mere checklist item; it's a strategic investment in shielding your business against unforeseen risks and uncertainties.  ⠀ As your business evolves, so should your protection. Don't overlook the importance of seeking guidance from trusted insurance advisors who can tailor policies to suit your unique business needs. ⠀ Here's to a resilient and secure path forward for our businesses! ⠀ ⠀ #BusinessProtection #InsuranceReview #RiskManagement #BusinessSecurity #InsuranceStrategies

At Chanzo Consulting, we specialize in crafting forward-looking solutions for businesses today. Interested in exploring risk retention solutions, captives, or intricate insurance placements for your firm or clients? Need assistance with comprehensive research or insightful reports? Reach out to us at [email protected] and let's discuss how we can support your strategic goals. #ChanzoConsulting #Consulting #BusinessSolutions #RiskManagement #BusinessWriting

Navigating the commercial general contracting industry requires a vigilant eye on protection for all parties involved. As business owners and property managers, understanding insurance prerequisites for your general contractor is paramount. It's not just about compliance; it's about safeguarding your investment. Ensuring your contractor holds the right insurance shields you from potential risks, providing peace of mind and financial security. From liability coverage to worker's compensation, a comprehensive insurance portfolio forms a safety net for both parties involved. An astute investment in due diligence and insurance requirements assures a future built on resilience. Risk management and awareness is important for all parties involved. #ContractorInsurance #RiskManagement #BusinessProtection