Thinking about risk before it happens is key for business owners.
- The newest threat to businesses of all sizes is cyber crime.
- Other risks to consider are asset concentration, fiduciary risk, and risks unique to the nature of your specific business.
- Planning ahead is critical to mitigate many different kinds of risk and protect your business from losses.
Entrepreneurs are risk takers by nature, leveraging their insight, hard work, and capital to create successful companies. But when the company you own is your main source of financial security, you need to protect it from unforeseen risks—like natural disaster and legal liability—along with more modern threats like cyber crime and cyber fraud.
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