Diligence Risk Management - Risk

The management of risk is a fundamental business issue. By breaking risk down into different categories we help companies identify and manage these risks. Many risks faced by a business are not insurable and how businesses manage these can be critical to their growth and prosperity.

Entrepreneurial risks are generally uninsurable whereas pure risks such as fire or flood clearly are. By analysing the risks in each category you can build a picture of the types of risk that can seriously impact on the business, and then decide what controls are appropriate.

Too many business people consider risk and insurance as one and the same thing.

This model clearly shows that insurance is only one aspect of managing risk.