Risk and the Meaning of Risk:

When most people think of “risk” they associate a negative connotation with the word, and assume that risk is inherently bad. However, lets take a closer look at the definition of risk, and the possible impacts it has on a business project. A risk is defined as "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives." While most focus on the negatives of risk, they fail to take into consideration the positives associated with the term. As experienced “Risk Managers”, Commercial Risk Service is able to not only protect your business from the potential negatives, but we see the positives in a risk management plan that allows for more business profitability. Like the phrase states “the higher the risk the higher the reward”, it is our job to find that balance in risk vs. reward, protecting your business first (risk) and increasing your profitability second (reward).

Within a risk management plan there is usually a “risk strategy” and finding this “strategy” that fits your business is vital to the outcome of different business projects or your company as a whole. There are four different strategies when it comes to risk management and they are; accept, avoid, mitigate, and transfer. Each project your company undertakes needs careful consideration as to how the project will manage that risk. If the strategy that is in place currently is not correct it could be costing you thousands of dollars, and possibly putting your entire company in jeopardy. Commercial Risk Service knows risk management and we are experts in risk strategies. Maybe it is time you had an expert examine just how your company handles risk-both the positives and negatives.

Commercial Risk Service
Risk Specialist
Clay George