RISK MANAGEMENT NEWS LETTER

During times of financial difficulty, we often try to find ways to reduce our costs wherever possible. Whilst it will be a prudent measure not just during the financial difficulty, but during normal times as well, caution to be exercised to see that we are not taking things a bit too far in curtailing our essential expenses.


During difficult economic times, one would find difficult to find funds for working capital requirements let alone manage sudden and unforeseen expenses. God forbid, if some loss or damage happens to our assets due to act of god or other perils, there should be a proper risk financing plan to meet additional expenses to rebuild or rehabilitate the affected items.


It is always an unwritten rule that if some one considers things won’t go wrong, certainly things would go wrong! Therefore, it is necessary for one to expect the unexpected.

For this simple reason, it would be always advisable to review our insurance coverage or enhance the cover already availed, during difficult economic times. This step will go a long way in ensuring proper business continuity mechanism for any organisation.


We, as insurance advisors, have several case studies to prove the above point, therefore, we advise our clients and potential clients to ensure proper insurance program for their organisation as a business strategy.

We not only just provide insurance covers but also engage our customers so as to give fit and proper insurance solutions for their organisation thereby participate in their Risk Management concerns.


Should you feel the same way and want to ensure a safe, secure and well thought out insurance program for your organisation, please feel free to contact us for a discussion and exploratory meeting at your office.


subu

Note: The drop in business enquiries made me think of reaching out to potential customers. Instead of a simple introductory letter, I thought that I can make a news letter!(Although I have an underlying concern for the insuring public, this news letter is the result of a selfish motive to improve the business enquiries- will it work?)