A risk is a potential loss or event that could negatively affect your bottom line. As a business owner, you should be aware of the risks your business faces, and come up with a plan that will allow you to prioritize them and take appropriate action to reduce losses.
You cannot plan for all risks, and while some risks are insurable, others like brand integrity and public goodwill are not. Being prepared can help you defend claims made by customers or employees, and can mean the difference between an organization that suffers a loss, and one that thrives.
- Getting started managing your risk
Find out how insurance can play a role in managing unforeseen risk for your company.
- Risk Management for Entrepreneurs
Learn about the risks that might impact your business and find out how different forms of business organization affect risk.
- Risk management
Identify the risks your business may face and learn to set up an effective risk management program to maximize your chances of success.
A lack of insurance can turn misfortune into disaster. Explore business-specific insurance coverage that is available to protect you.
- Getting paid by your customers
Consider these tips when you're managing the collection of your invoices.
- Controlling Costs with Risk Management
Find out how insurance can be a valuable risk financing tool for your company.
- Crisis management and business continuity planning
Identify potential risks, prepare for emergencies and test your business’ disaster readiness.
- What is business continuity planning?
Is your business prepared to handle any situation? Find out how to create and implement your emergency preparedness plan.
- Guide to Business Continuity Planning
Consult Public Safety Canada's guidelines to find out how to prepare your business for an emergency or disaster.
- Managing your business in an economic downturn
Get practical tips and learn about government programs that can help you through difficult times.
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