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Published on Mar 10, 2014
www.inspireinsurancesolutions.com (512) 828-4200
The sad fact is that most businesses are missing something big. Did you know that 67% of companies that experience a serious loss, such as a data breach, unexpected lawsuit, or dispute with a disgruntled employee, go out of business within 2 years? Most of these are companies that have business insurance.
So how do you make sure that you don't become one of these ugly statistics?
Up until now, the resources to properly manage risk have only been available to larger companies. This left most companies with limited budgets dangerously exposed. Understand that we are not simply talking about insurance; insurance is a piece of the puzzle, if done correctly, but if the extent of managing your risk is meeting with your insurance broker for 30 minutes every year, then you are:
1. Probably paying way too much for your insurance 2. Probably missing some critical elements; elements that, left unmanaged, could jeopardize the viability of your business.
The good news is that there are now resources available to companies of all sizes that will allow you to take a more effective approach to risk. Getting started is easy, and free. Take two minutes to answer the questions on the Risk Identification Worksheet. We will then provide you with an exposure analysis that will identify and analyze a few of the risks threatening your business. We will also provide recommendations for how to lower your risk.
There's no catch: we believe you can't leave this part of your business to chance. And when you realize that taking a more holistic approach to risk is cheaper and more effective than just randomly buying insurance, then we will have a strong foundation to business.