Tag Archives: business insurance

Break The Bottlenecks With Business Insurance

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The Harvard Business Review recently published an article titled “Break Your Industry’s Bottlenecks”. The concept being that to create a successful business “you have to break the rules and overturn the received wisdom about how things work.” This could not be truer when it comes to the purchase of business insurance, which is a bottleneck […]

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The Risk You Don’t Know Can Hurt Your Biz

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  Tom Bullen speaks on behalf of Premier Risk Management now part of the risk advisory arm of AETHOS Consulting Group in the Jennings Wire podcast. Tom Bullen is with Premier Risk Management, the risk management advisory arm of AETHOS Consulting Group, a hospitality focused executive search and human capital services firm. AETHOS speaks with hospitality […]

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Business Insurance & Managing Risk: You Don’t Know What You Don’t Know

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What I do know is that it is hard to admit that you don’t know what you don’t know. Recently I gave a presentation at the 2015 Business Law & Corporate Counsel Symposium. The presentation was about business insurance and managing risk for businesses, the real message I wanted to leave my audience was that […]

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Risk Tip: How to tailor a risk management program

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An organization’s risk management (insurance) program must be tailored to its overall objectives and should change when those objectives change. Comment: An insurance broker/advisor cannot recommend insurance products and services without knowing what the client actually does, how they do it and what is important to them with regard to their insurance program. Once it […]

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The 5 Forces That Shape Industry Competition

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As a person that considers himself an endless student of business, I was searching the Internet and thus came across a Harvard Business Review article written by Michael E. Porter, The Five Forces That Shape Industry Competition. This article is not only a good read but reminds me of the importance of getting back to […]

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The Life of an Insurance Policy

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A few weeks ago I participated in a panel discussion regarding insurance issues. The first part of the discussion was to center around “the life of an insurance policy” – I thought to myself what exactly is the life of an insurance policy and trying to have a little fun with it, I came up […]

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Are You Playing Russian Roulette With The Insurance Related Provisions of Your Everyday Business Contracts?

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Many times company leadership does not put much thought to the importance of reviewing the insurance related provisions of their business contracts, but if there is a single message I want to make clear in this post, it is that mitigation of risk is essential. It is difficult to express in dollar value the importance […]

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Approaches to Risk Management: Part 3 Enterprise Risk Management (ERM)

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In parts 1 (The Basic Concepts) & 2 (Digging Deeper) we gave you the “traditional silo” approach to risk management. Another school of thought we would like to share is ERM – Enterprise Risk Management. ERM is a framework to identify risk that typically involves identifying particular events or circumstances relevant to the organizations objectives […]

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Approaches to Risk Management: Part 2 Digging Deeper

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In part one of this series, Approaches to Risk Management: The Basic Concepts, we recommended you analyze your business risk management program from 7 major aspects. Beyond these basic concepts, some academic authorities suggest the following as necessary considerations in the development of a formal Risk Management Process as well. Assets & Exposures – it […]

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The Bold Truth About Risk Assessment

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Risk Management by definition is the practice of protecting an organization from financial harm by identifying, analyzing, and controlling risk at the lowest possible cost. This is a very blunt definition that should be top of mind when discussing the purchase of an insurance product or discussing other risk management techniques. The challenge is to […]

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