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Today is
Risk Insurance Management
[ 13 Jan 2004 ]
Putting together the right contingency plan
Risk management for companies, individuals or families should follow a set format to ensure all contingency planning provisions have been recognised.
At Cochrane Shaw we use the following process to assist clients with the implementation of a correct insurance plan:
- Identify the risks.
- Analyse the impact of "self insurance".
- Assess attitude regarding costs and benefits.
- Develop strategies.
- Select products.
- Implement.
- Review.
We do not believe in an "ad hoc" approach to risk management as insurance can have a major impact on the financial longevity of a business or family.
Risk management is a specialised area of which we can provide professional advice on the following:
- Income Protection.
- Term Life cover.
- Trauma/Critical Illness.
- Key-Person cover.
- Partnership protection.
- Testamentary Trusts.
- Business insurance.
- Group Life/Salary Continuance Plans.
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