Risk management involves the process of identifying, evaluating and mitigating potential risks that can result in negatively impacting an organization, family or individuals life. In order to mitigate the risk, measures should be implemented and reviewed periodically or upon any changes.

Several benefits of risk management are:
1) Business Continuity
2) Financial losses
3) Legal liability
4) Tax efficiency
5) Family Support
6) Uncertainty

In closure, risk management is a vital process for businesses, organizations, and people.

Key Person insurance:

Would your business suffer a significant loss if one key person became Ill, Disabled or passed away?  Protecting the economic loss this could create will provide much needed time to make wise decisions on how to move forward.  Funding may also be available to assist the key employee in recovering or diminishing the stress of a reduced income.   The cost of implementing a plan can be dramatically less than the alternative. Possibly the use of corporate dollars may be an effective and viable option.  The path to success is simplified by overcoming the worse.