RiskSmart Tips From RiskSmart Solutions

Difference Between Business Expense and Investment

Charles T Wilson — Tue, 08 May 2012 03:31:40 +0000

It’s easy in a rough economy to misunderstand the difference between a business expense and an investment. They both look like the same cash out the door! Unfortunately, when expense cuts are across the board, the law of unintended consequences can rear its ugly head. Short-sighted ~ I remember my employer, a major insurance organization, [...]

Take Care of Important Business First

Charles T Wilson — Thu, 29 Mar 2012 17:48:08 +0000

Here’s a not-so-successful story about Risk Management. It’s sad, and I wish I could have done more to prevent it. I was working with a start-up client to get a new Employee Benefits Program up and running. We were in the “final” stages for several months: there were just a couple basic decisions to make, [...]

Risk Profiles Save Money

Charles T Wilson — Mon, 05 Mar 2012 01:11:16 +0000

Do duct tape and plastic sheeting form the cornerstone of your business security and protection plan? Were things ever that simple? Here’s the real question: How do you handle the high costs of insurance premiums? If you take a common-sense approach to risk management, you can significantly reduce your risks, minimize your potential losses and [...]