Challenge

Committing to quality risk management for your business means that you will be prepared for the unexpected events that can happen. Hoping for the best and planning for the worst is the vision when setting up a business and reviewing on a regular basis the potential risk.

• • Key person risks.
    We can help you put together a risk management plan which will identify the key person risks within your business. The impact & costs associated with an important employee or owner becoming sick, disabled or dying can be catastrophic. Ensuring that you communicate the plan with all your employees.

Solution

Financial transactions create risks for companies. A financial plan should be set up and followed to ensure that debts are paid down and that cash flow during quiet times. If the business sells its products on credit, ensure that strategies to mitigate risks are in place to minimize the businesses exposure.