2627 Chestnut Ridge Drive,
Risk Management is a term that has multiple applications. We consider risk management in a very broad context when dealing with comprehensive financial planning and wealth management. For instance, it deals with understanding the nature of risk, being able to determine the possibilities and probabilities associated with a particular risk, and finally assessing the financial consequences should the risk occur.
Furthermore, the management side requires an in-depthknowledge of how to effectively deal with the risk(s).
These include: 1. Transference, 2. Avoidance, 3. Reduction, and 4. Retention.
We divide assets that fall within the study of risk management into three categories:
In analyzing your assets, we help you determine, in the event an asset is lost or destroyed, what financial impact that loss will have on you. Those assets whose loss would cost more than you are able or willing to pay must be insured. Then, we help you determine the most efficient way to insure against such losses. Finally, we help you implement the transferring of those risks to quality insurers via the most suitable policies.
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