Risk Management
Risks and losses related to liability, business ownership, property loss, and illness or disability are part of everyday life. Risk management identifies your sources of risk and customizes strategies to minimize them:
Asset Protection: How can you protect yourself from risks such as lawsuits, accidents, and property damage? Asset protection planning seeks to transfer these risks through protections available under the law, such as:
- Personal liability analysis
- Professional liability analysis
- Property and casualty insurance
- Umbrella coverage
- Ownership and beneficiary designations
- Legal covenants
Business Concerns: As a business owner, you have many options for managing your risk exposure. We’ll address the impact of your type of business, the states you do business in, and other essential factors. Your options for handling these risks may include:
- Liability insurance
- Property and casualty insurance
- Workers’ compensation
- Business interruption insurance
- Advisory board
- Employee retention
- Financial controls
- Legal documents
Life & Health Insurance: Both genetics and lifestyle affect your risk profile for life and health insurance. Maintaining a healthy lifestyle and obtaining the recommended medical care can reduce your insurance premiums. Factors such as being overweight, smoking, and driving unsafely can increase your premiums. To ensure that you have comprehensive coverage, it’s wise to consider:
- Health insurance
- Life insurance
- Disability insurance
- Group insurance benefits
- Long-term care insurance