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Risk management
Risk management has been defined as:
“The identification, assessment and prioritisation of risks,
followed by co-ordinated and economical applications of resources
to minimize, monitor and control the probability and/or impact of
unfortunate events”.
In practical terms this means ensuring there is a detailed
understanding of how and where a business operates so that the
risks to which it is exposed to can be quantified and a process
found to mitigate, reduce or remove them.
Demonstrating an understanding and positive management of risk
are key factors in the design, extent of and cost effectiveness of
any insurance programme.
At Towergate Milton Keynes we undertake a detailed review of
activity and risk exposures, then provide practical advice in
implementing effective management and/or insurance of these
risks.
Some examples:
Please note these services are not regulated by the Financial
Services Authority.
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