Key person risk is the most challenging and complex risk to mitigate. There are standard methods to manage and reduce business operational, credit, market, and legal risk. Key person risk also has the potential to sink a business. Standard business management practice entails managing risk, but key person dependency is often the company’s most overlooked […]
Well-presented succession is the key to an optimal exit plan. Read on to understand how careful succession planning safeguards business continuity.
Business insurance is a risk mitigation strategy protecting business owners from specific types of risks.