CORPORATE RISK MANAGEMENT

Corporate Risk Management refers to all of the methods that a company uses to minimize financial losses. Risk managers, executives, line managers and middle managers, as well as all employees, perform practices to prevent loss exposure through internal controls of people and technologies. Risk management also relates to internal and external threats to a corporation.  The RMS Corporate Risk Management Program is like none in the market today.  We allow your company, whether small or large, to benefit from our resources and experience in protecting your assets and employees without adding a single employee to the payroll.

That’s right, outsourced risk management that is better than hiring a risk manager.  We assign your company to a team of risk professionals that is experienced in your space and they work with you to develop, implement and adapt your risk culture.

We develop integrity programs, internal investigative processes, HR Support programs and much more.  All of this and not one single hourly charge.  We are a flat monthly fee services based on the market and size of your company. This means the services you need can grow with your business.

Protecting Shareholders

A corporation has at least one shareholder. A large corporation, such as a publicly-traded or employee-owned firm, has thousands, or even millions, of shareholders. Corporate risk management protects the investment of shareholders through specific measures to control risk. For example, a company needs to ensure that its funds for capital projects, such as construction or technology development, are protected until they are ready to use.

Types of Risk

Consider the types of risk that a corporation must address every day. A corporation may become insolvent if it hasn’t bought insurance, implemented loss control measures and used other practices to prevent financial loss. Insurance is no substitute for successfully identifying measures to prevent losses, such as safety training to prevent worker injuries and deaths. Risks can include hazard risks, financial risks, personal injury and death, business interruption/loss of services, damage to a corporation’s reputation, errors and omissions and lawsuits.

Probability and Consequences

To prevent financial losses, a corporation engages in a certain amount of speculation. A risk manager calculates the probability of each type of event that would damage the firm’s financial position and the consequences. Calculating the likelihood that something will happen and its associated costs enables a risk manager to recommend ways to address the most probable risks to senior management, the board of directors and owners of the corporation.

A corporate risk manager is a multi-disciplinary professional with an understanding of internal business processes and many financial instruments. This professional might have a background in business management, finance, insurance or actuarial science. She might suggest solutions to a corporation to protect its assets. For instance, she might recommend buying millions of dollars in commercial liability insurance coverage. Some risks that she calculates, as potentially damaging to the corporation, are ignored while others are covered by this liability policy. She might recommend buying other types of insurance, such as fire or fraud, after first weighing the costs versus the benefits of each type of coverage.

Markets We Serve

  • Manufacturing
  • Service Business
  • Professional Services
  • Restaurants
  • Bars and Entertainment
  • Event Venues and Stadiums
  • Auto Dealerships

Key Program Points

  • Risk Awareness
  • Standardized Responses
  • Liability Control
  • Improved Moral
  • Increased Profits
  • Improved Investor Relations
  • ….and much more!

To Speak with a member of our Corporate Risk Management team Call Us Today:

800-RMS-9546

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