The Risk Management Focus

Are you signing off on everything that you are ok with paying for?

Think about this.

Every insurance policy has exclusions, sublimits, and warranties in them.

Many of them are standard in every policy that no insurance carrier will cover.

BUT!

There are many that expose your business to significant losses and can be removed.

When you invested in your current policy, did you also sign off on all the risks that you would have to pay for yourself if you had a claim?

It's ok to not buy certain insurance coverages!

As long as you know what you are not buying and what the risk is to your business.

Regardless of whether you think you are ready or not, do it anyways.

You are going to be ahead of 80% of the people next to you.

Then, keep learning. Find a mentor. Subscribe to every publication related to your pursuit and the potential people you will impact. Make a goal to read a book on the topic. Ask for feedback from the people you are wanting to work with and said no.

You will get pretty far just by moving forward.

Pursue excellence but never allow the perceived lack of it stop you.

Some motivation I was reminded of last week