By: PDCM Insurance

Without a doubt, conducting an annual survey of your corporate risks is the first and most important step in intelligently purchasing corporate insurance. As you will see shortly, it involves more than merely touring your facility and completing a “checklist”. It involves the careful examination of all assets (tangible and intangible) to loss, identifying the many events that can cause a financial loss, systematically quantifying the magnitude of each loss and evaluating the risk management alternatives available to you in response to each type of loss (avoidance, contractual transfer, insurance, loss control/prevention, and self-insurance).

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