White Paper / Risk Management
Beyond Buying Insurance
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Most corporations today have developed formal business strategies for marketing, human resources, information technology, operations, and other business areas. It’s puzzling that more companies don’t use this approach when it comes to managing risk. In some cases, strategic discussions occur around the purchase of insurance needed to protect the entity’s assets, but in many cases, these plans are not formalized to include risks beyond the traditional property and casualty exposures.

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