Every Organization has a Plan A (Mission).
What you NEED is a Plan B!
Without
exception, large companies have professional risk managers on staff.
Virtually all of the Fortune 1000 have entire departments dedicated
to the science of managing their company's exposure to pure or fortuitous
risk.
The mission of the risk management department is to take those attitudes,
objectives and philosophies that drive Plan A, and incorporate them
into the formulation of a comprehensive Plan B.
What is Plan B?
Plan B is a systematic, scientific consideration of events and contingencies
whose occurrence tends to frustrate or mitigate Plan A.
-
First, identifying those which can be controlled and/or eliminated,
and developing and implementing plans to control or eliminate them.
- Second,
identifying those that cannot be controlled and developing and implementing
plans to minimize the extent to which they are able to impede the
successful execution of Plan A.
- Third,
weaving a blanket of insurance policies around the whole to finance
those risks that are practically insurable. Where insurance is not
practical, we will develop and implement alternative management and
financing techniques to insulate and stabilize Plan A.
At Paye, Fischer & Krause our mission is to become your risk management
department because we realize that you need this expertise "in
house" just as urgently as any Fortune 1000. You just need it in
a smaller package.