Risk Management Services Offered in Chicago and Suburbs
What Is Risk Management?
Risk management involves:
Risk assessment is the process of identifying potential hazards associated with a business enterprise, and determining metrics for monitoring those risks, and analyzing them.
A risk plan is developed to address these perceived risks.
The risk plan is implemented and monitored.
The goal is to measure and control risk.
Why Do You Need Risk Management?
Proper risk management makes your business better prepared for both the everyday and rare challenges that the company is likely to face, thus increasing the odds that your business will survive should disaster strike.
In addition, some companies are required to document and report on their risk assessment.