By Joshua Weinstein, Employee Benefits President

Without risk, life would be a drab.  Without the opportunity to fail, success, and even life, loses its luster and meaning.  For example, if a cliff dive ensured absolutely no harm, would it be quite as thrilling or appealing?  If presenting in front of others had a 100% chance of going flawlessly, what significance would your preparation and “learning from mistakes” have?  Life is not defined by the easy, but rather by slogging through some suffering.  That being said, humanity can generally plan toward good outcomes by acknowledging and addressing life’s unseen, “slippery banana peels” as best as possible.  Risk isn’t an inherent problem.  It’s not unexpected.  It’s quite manageable, and it can teach all of us boatloads.  The best run businesses have figured out how to manage risks so they can focus on growth and not on threats.

RISQ Consulting will help you be smart about risks through our proprietary Business HealthIQ™ (BHIQ) process.  The BHIQ is a collaborative journey that assesses and inventories your organizations risks across key areas, such as:  workforce, compliance, technology, employee benefits, and general risk management.  You will be working with a strategic consultant, and a plan will be constructed that encompasses the goals of your organization in conjunction with the most suitable approaches to address risk wisely.

Want to learn more?  Try out a mini, self guided, version of the BHIQ to see how the planning begins.  You’ll get a summary in a few minutes that provides some tangible next steps on how to be strategic with your risks.

Short samples:

We can mutually decide how best to prevent the unwanted things from happening, such as high rates of employee turnover.

We can mitigate risks such as data loss and errors by advising on consolidated technology platforms and tools that are right for your industry and mission.

We might choose to transfer risks, to a third-party, when doing so adds efficiencies, reduces exposures and costs, and improves your ability to focus on your business’ core mission

Sometimes, retaining or assuming risk is the smart play, even up to a specified amount.  Keeping some liability on your financials can reduce premium costs and often improves leadership involvement in creating great outcomes for your business.