Mitigating risk is critical for business owners because the variety of your vulnerabilities can be broad. Insurance policies for general liability, commercial property, and other company assets are essential, of course. However, people, purchases, taxes, and benefit plans often present greater risks for businesses. Willis & Machnik can conduct a risk assessment that evaluates your exposure related to:
- Entity structure taxation and accounting requirements
- Loss of a key employee
- Buy/sell agreements or succession plans
- Nonqualified benefits for owners and key executives
- And more
An assessment can help you identify and prioritize the risks specific to your business, develop ways to avoid them, and outline steps to manage them should they happen. Planning for ‘what-if” scenarios can afford you peace of mind and protect your company from tomorrow’s unknowns.
Schedule your business risk assessment today.