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Developing an effective risk management team or process within your company can help you reduce liability, maintain compliance standards and better protect your assets. As your business goes through either a period of growth or downsize, your insurance coverage should be analyzed and modified to provide appropriate coverage.
“A survey of small business owners conducted by Travelers found that almost half of small businesses (44 percent) are operating without a business continuity plan.” (Source:
https://www.insurancejournal.com/magazines/features/2012/04/16/243594.htm
)
