In previous posts I discussed  Enterprise Risk Management and having to apply a process to determine risk in all phases of your business. What is this process? It is a 5 step approach to help businesses keep risk under wraps. The risk management...

I am deviating from my risk management posts to discuss the SB1(Senate Bill 1) work comp law and how insurance companies are starting to enforce the requirments created by the law. If you are an LLC corporation and in the contracting business, you...

To establish a "holistic approach to your business risk,  the first step is to start with your goals. In order to achieve your business goals on a consistant basis you then need to keep the risk of the business in control in all phases. Therefore apply...

ERM or Enterprise Risk Management is a holistic view of risk in a business. A lot of attention has been paid to ERM after the financial crisis and meltdown. Experts say that  if AIG had a solid enterprise risk program they would have seen their...

Image via Wikipedia The State of California has enacted a new "pay as you drive" directive allowing insurance companies to charge insured drivers based upon the actual miles they drive instead of the industry norm of actuarial based rates. While some...