Quantification of risk enables you to make appropriate decisions regarding:
- Risk appetite: What is your risk assumption comfort level?
- What limits do you need:
- To protect assets: Property, Business Interruption, Extra Expense
- To protect against catastrophe losses: Umbrella Liability
- To protect officers and directors: Executive Risk: D&O, Employment Practices, Fiduciary, Crime and Kidnap & Ransom
- To protect against hackers: Cyber Liability
- To protect against Environmental Exposures: Environmental Liability
Are there any uninsured or self assumed risks that should be reported on your balance sheet?