Every organization, business, and community needs to know and understand the risks they face. A Risk Assessment helps you find out exactly what risks you are facing, which in turn can help you mitigate them.
Risk Management and Risk Assessment are often confused. It is key to remember Risk Management and Risk Assessment are partners. Both refer to different parts of the process, but they belong together.
Most homeowners, landlord or tenants would not even think about having a Risk Management Plan for their property, but it could save you thousands of dollars and keep you and your belongings safe.
Every business, organization, group, or community faces both hazards and risks. Oftentimes, the words ‘hazard’ and ‘risk’ are interchanged. However a hazard and a risk are not the same thing.
Whether you are a homeowner, landowner, business owner, or a member of the board, it is important to understand risk management, starting with what it is, and why it is so important.