Risk Assessment

There are always risks involved with being in business; how owners manage these risks often determines their long-term sustainability and profitability. There are many factors to consider when assessing and guarding against these risks, thus, being proactive in managing them is wise. In an effort to help, let’s discuss 3 areas where risk management is…

Do you ever imagine what can happen if you fall sick and have to spend thousands of dollars for treatment? Would you hold multiple fundraisers where only a handful of friends show up? In life, there are many uncertainties such as accidents, death, and illnesses that we face on a daily basis. As much as…

Disability insurance can be a powerful asset, as it can help provide you with a continued cash-flow should you become sick or injured and are unable to work for a period of time. However, many people either do not know about disability insurance, or they do not think that they need it. No one wants…

Which Life Insurance Policy is best for you? We all want to make sure our families are taken care of should we die unexpectedly. Taking some time to see what choices are available to you will help you make the right choices when it comes to protecting your family. When you consider, you have a…

We live in a country in which the largest generation of Baby Boomers has begun to retire in droves, and its members will continue to do so. Many of our readers are in this generation. When we worked in our twenties, thirties, and forties, retirement was a fuzzy concept at the back of our minds.…

Risk management is the process of pinpointing possible risks, evaluating them, and highlighting them. It also involves laying down extenuation measures to minimize or even reduce the possibility of occurrence of such risks to zero. Such risks include potential financial crises, project investment failure, credit risks, natural disasters, accidents and deliberate external attacks. It is essential…