Risk Management and Prevention are becoming more important, particularly with insurance costs increasing.
Good risk management will reduce risks and potentially create premium savings from Insurers.
“Enterprise risk management (ERM) is a process, effected by an entity’s board of directors, management and other
personnel, applied in a strategy setting and across the enterprise, designed to identify potential events that
may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding
the achievement of entity objectives.”