Risk Management

Protecting your business starts with understanding risk.

Risk management solutions designed for your business.

Home » Risk Management

As a business owner, you know there are risks that your business is exposed to on a day-to-day basis. With a risk management advisor by your side, we can not only identify those risks but also help you understand them and your total cost of risk. With this insight, you can start protecting your business by mitigating the unique risks you face.

Risk management is essential for every business.

Every injury, accident, or property loss, no matter how small, has a negative impact on your bottom line. A comprehensive risk management strategy is important to understand your risk exposure. We are a licensed risk management agency dedicated to helping you understand your total cost of risk. We put our expertise to work to deliver cost-effective, efficient solutions to protect your business and become a true partner in your organization.

What is risk management and how does it work?

Inadequate risk management can result in severe consequences for companies, as well as individuals. Risk management is the process of identification, analysis, and either acceptance or mitigation of uncertainty in investment decision-making. It’s essentially a two-step process—determining what risks exist, and then handling those risks in a way tailored to your objectives, and overall risk tolerance. This occurs everywhere in the personal, professional, and business world we live in.

Interactive Graphic

Click it. Read it. Cover it.

  • Click on the hotspots.
  • Discover your risks.
  • Get the right coverage.
Risk Management
Risk Management
Risk Factor

Every business faces risk. The level and type of risk will vary based on multiple factors including industry, size, and location, among others. Risk can never be fully eliminated, but it can be reduced.


Risk management is the practice of taking proactive steps to identify and mitigate risk. It’s a broad topic that involves many areas of a business, from personnel and technology to safety and compliance. Risk management can not only help a business identify what risks need to be insured, it can also pinpoint ways to reduce.

Risk Factor

Staying compliant is hard. The laws for many facets of business are ever-changing. Employee handbooks can become out of date. Employment and other contracts can contain problematic language if not handled properly. Employee relations and human resources concerns can get complicated.


There are insurance coverages like employment practices liability insurance (EPLI) and directors and officers liability insurance (D&O) that can help pay for the legal costs of defending lawsuits against the business, but risk management can help shed light on areas of the business where process improvement and consistent practices could help avoid litigation.

Employee Training
Risk Factor

Employees can make mistakes for a number of reasons. Sometimes, it’s simply the result of a lack of education. Some businesses may choose to skip training because they don’t have the time or resources to devote, but this can lead to mistakes and accidents.


Conducting employee training can reduce risk. For example, sexual harassment training often helps businesses avoid lawsuits. Safety training is essential to avoid workplace injuries. Many insurers will help companies provide employee training as a cost-saving measure.

OSHA Requirements
Risk Factor

The Occupational Safety and Health Administration (OSHA) sets and enforces standards aimed at ensuring the environment in which employees work is safe and healthful. Employers are required to comply with these standards and OSHA may audit workplaces to verify compliance. Employers that fail to comply can be faced with hefty fines.


Lockout/tagout, hazard communication, and powered industrial trucks standards, among others, all require specialized programs. Utilizing outside resources to create and train employees on these programs can be a cost-effective solution that ensures your business is doing everything possible to meet required standards.

Safe Driving
Risk Factor

If your business involves driving, you know that safety is paramount. Failure to drive safely not only endangers the lives of your employees and the general public, but it can also have costly repercussions for the business.


Increasing driver safety is a cost-effective risk management tool. Classes and seminars can be effective resources. Telematic programs allow businesses to see every move a driver makes. Driving simulators can offer hands on training for drivers of trucks, school buses, agricultural haulers, and other vehicles to prepare them for scenarios they may face out on the road.

Location Hazards
Risk Factor

When it comes to weather and natural disaster related losses, where your business is located impacts the kinds and level of risk it faces. Fires, hurricanes, blizzards, tornadoes, earthquakes and other events can cause major losses to your business.


While it’s impossible to control the weather, it is possible to lower the risks the weather poses. Risk management involves assessing which events are most likely and what steps a business can take to protect their building and contents, their employees, and other systems.

Risk Factor

Technology failures can be extremely detrimental to an organization. Problems can arise from power outages or surges, cyber-attacks, or telephone and communication failures.


Understanding what risks the technology your business uses is susceptible to, the processes a tech failure could affect, and how to prevent losses from tech failures is an essential part of risk management. This can help determine the proper insurance policies that are needed, such as cyber liability, property, and business interruption coverage.

Specialty solutions for managing your risks.

We offer customized loss control solutions to assist you in achieving your risk management goals, including:

  • Loss Control Management
  • Insurance Placement
  • Coordinate Carrier Loss Control Efforts
  • Training (Client Education)
  • Property Inspections

If you need more information about risk management or want to discuss your options with us, contact Partners Insurance & Risk Strategies to get started.

Risk Management - Team Members Sitting at Desk in Office with Laptop

Get Started Today

As an independent agency, we are here to help you find the right Risk Management coverage.

Risk Assessment

  Risk Management Assessment

As your risk management advisor, we are here to help you identify and mitigate your risks.

  • This field is for validation purposes and should be left unchanged.

Risk Assessment

It only takes a minute to get started.

Fill out the form to get in touch with one of our advisors today!