Now more than ever, businesses must address risk management. It is not enough to take a random approach and hope for the best. The potential for disastrous results looms large and businesses cannot afford any unnecessary costs that cut into cash flow and profitability. But with all of the day-to-day needs of a business, where does an owner find time to address risk management issues?

Morgan Marrow understands risk management and how it relates to the needs of a business owner. This program helps business owners understand the risk they face that could threaten your customers, employees and your profits.

We address Total Cost of Risk, which is more than the premiums a business owner pays. It is the direct, indirect and preventative costs that impact a businesses top and bottom line. Our process identifies the areas of greatest risk to a business and addresses those risks with a written, customized plan.

Here are some of the questions to consider when making a decision on how to address your risk management and insurance program.

• How much revenue do you lose when an employee is injured and unable to work?
• How much revenue is lost when one of your service or delivery vehicles is out of service?
• Are you sure that your employees are drug free?
• Are you sure you have not hired an employee with a criminal background that could negatively affect your business’s reputation?
• Do you have policies and procedures that would stand up in court?
• Are you prepared to have an OSHA inspector in your office or on your job site?
• What would happen to your customers if you had a fire or other catastrophic event at your main center of operations?

These are just some of the questions we ask when we create a plan to address your business’s risk management. Morgan Marrow helps you address and understand the risk that has the potential of costing you money. What is better, being covered when you have a claim or avoiding the claim all together? At Morgan Marrow we believe your risk management program should address both!