Risk Assessment – why it matters to your business.

Every business is exposed to a multitude of risk factors but businesses with a sound risk strategy in place are in a much stronger position to weather any adverse effects, should things go wrong.

The first step to protecting your business against risk is to conduct a thorough risk assessment, which should:

Once your potential risks are clearly identified, you’ll be in a better position to decide how to manage them. Options may include insurance, employee training, equipment upgrades, stronger contracts and documentation processes, or procedural reviews.

The biggest risk you can take in business is not  to conduct a risk assessment!