Sustainability

By Default or By Design: Managing Strategic Risk

It’s been said that every company has a strategic plan—it’s just a question of whether it’s by default or design. Those with nothing in place are at the mercy of what may come—quite simply, a company has chosen to be reactive versus proactive. As discussed in “The Downside of Positives: Managing Risks & Expectations” a few months back, risk 

 

Management Liability: Protecting Your Greatest Asset

Management Liability is a key component to protecting your greatest asset and can often be overlooked in the midst of an insurance renewal with the stress of deadlines, price comparisons and proposal reviews. The Management Liability policy contains three main coverage sections: Directors and Officers Liability, Employment Practices 

 

Liquidity Risk: A Ratio Story

You and your team have been working hard. Sales are up, as is company morale. Yet, you're still finding it difficult to meet your obligations in a timely manner. What is going on? Where can you find answers? A good place to start is with the balance sheet and a few ratios.

 

CSA Intervention: Levels & Requirements

CSA interventions are determined using the SMS to identify carriers exceeding intervention threshold in one or more BASICs. If any of those terms are unfamiliar or you need a refresher, see our previous blog "Understanding CSA Scores." These interventions are used as a tool to address the specific safety problems FMCSA has...

 

Risk Decisions: Properly Delegating Authority

Who makes decisions on risk in your business? How are those decisions made? I was having lunch the other day with a colleague of mine who is the risk manager of a large organization with a complex risk profile. The very nature of the company's operations makes risk management a primary topic in almost every conversation the company...

 

Why Should a CFO Care About Sustainability?

Simply stated, corporate profitability comes from maximizing topline revenue and minimizing  expenses. Many businesses employ financial executives, such as Chief Financial Officers, to help strategically manage their finances and ensure profitability. They crunch numbers, analyze cost/benefits, and advocate doing more with less. It’s

 

4 Key Steps to a Risk Management Plan

Every business has risks but not every business is aware of them, or prepared for them. How confident are you about the risks facing your organization? Often, the reality of risk only becomes apparent when a catastrophe occurs. If you’re completely confident that you have identified and prepared for all risks, then read no more. Still 

 

Relationships In Business Should Be About Results

Running a successful business today is more challenging than ever. Whether a start-up company or industry leader, the business climate we work in is demanding more of us all. To succeed in this environment, executives must seek the maximum value and support from each and every business relationship. Take a moment and think about

 

Cyber Liability: Evaluating Your Exposure

 

Crashing websites, Denial of Service attacks, and the now infamous credit card data breach of Target during the holidays have dominated the headlines. In 2013, cyber attacks were up 32% according to a leading network security firm. With the growing dependence on cloud computing and bring your own device, there's a good chance

 

The Transition from Worker Bee to CEO

I went to a prospective client’s office for a meeting several weeks ago and when I first walked into his office, I immediately wanted to help the guy out. We hadn't said a single word except for the standard introductions as I entered his domain. You might be wondering, what in this CEO's office made me think he needed help?  Well, to be