By Michael Welling, Partner, Meridian Risk Management
Let’s be honest. No one wants to talk about Insurance. The mere thought of buying something you hope you never have to use is quite unnerving for most. In fact, conventional wisdom tells us that insurance is essentially just “a drain on the bottom line” or just “an expense item.”
What if I told you that is no longer the case? What if I told you that the role of a proper Risk Management program can actually have a positive impact on your company’s bottom line?
The reality is that policy coverages and their associated costs are based on some of the most Valuable historical databases and predictive models at our disposal. So much so that, when properly applied, these analytics can become one of your most valuable assets in protecting yourself against most known—and some unknown—risks.
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