Risk Control Management
While there are many definitions of risk management as there are practitioners, most will agree that it is a pragmatic and cost-effective response to the problems of exposure to fortuitous loss. Some go beyond “fortitous loss” to include the elimination of waste in the area of human , physical, natural and financial resources. The process includes identification of exposures to loss and their analysis in terms of financial risk; the control of risk through avoidance or reduction of exposure situations to the extent financially feasible; and, finally, the funding of risk using a balanced blend of internal and external financial resources.Call now to speak with one of expert consultants (787) 723-1950.
By H. Felix Kloman