Business risks

Business risks

Business risks

13 Dec. 2020

There is a risk to every business decision you make. So, instead of relying on gut instinct, it is a good idea to use risk management to guide your business decisions.

 

 

What is risk management?

Risk management helps you make better business decisions.

 

It involves reducing the things that could have a negative effect on your business and using tools that insure against the risks posed by them.

 

For example, reducing the risk of injury through safety procedures and insurance.

 

Business Example :

 

George owns a transport business. He drives trucks, moving commercial products around Georgia.

 

Some of the hazards George faces each day include:

 

  • Contact with chemicals and fumes when refueling.
  • Difficult routes and road jams.
  • Safe transportation of goods and obligations for their timely delivery.

 

Some steps George could take to reduce the risks in his daily work include:

 

  • Wearing appropriate clothing to reduce his exposure to chemicals.
  • Take regular breaks in traffic, which increases the safety of him, his vehicle, and cargo.

 

Also, George has to be appropriate insurance package:

 

 

►  ASTRUM advice

 

Please contact us before you start a transport business, get professional advice on risk prevention, and we will provide you with the proper insurance products.

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