Small Business Guide to Risk Management and Insurance
Contents
Description
This manual will take you through the risk management process, explaining the four fundamental steps any small business should take in creating a plan:
1. Identifying Risk: Which risks are inherent to all businesses, and which are unique to yours?
2. Measuring Risk: What is the probability of a given risk occurring, and what is the cost of a given risk?
3. Mitigating Risk: How can you eliminate a risk or minimize its impact?
4. Obtaining Insurance: What kind of insurance does your small business need?
Additional information for nonprofits and small businesses is available at the D.C. Bar Pro Bono Center’s resource website: www.lawhelp.org/dc/NPSB.
If you have questions, feel free to contact us at npsb@dcbar.org.
© D.C. Bar Pro Bono Center 2015
This communication is provided by the D.C. Bar Pro Bono Center solely for informational purposes, without any representation that it is accurate or complete. It does not constitute legal advice and should not be construed as such. It does not create an attorney-client relationship between the recipient and any other person, or an offer to create such a relationship. This communication contains information that is based, in whole or in part, on the laws of the District of Columbia and is current as of the date it is written. However, laws vary from state to state and may change from time to time. As a result, the information may not be appropriate for anyone operating outside the District of Columbia and may no longer be timely. Consult an attorney if you have questions regarding the contents of this communication.