{"id":45356,"date":"2024-12-01T13:36:00","date_gmt":"2024-12-01T13:36:00","guid":{"rendered":"http:\/\/womensenterprise.ca\/online_resources\/controlling-costs-with-risk-management\/"},"modified":"2025-04-24T19:18:25","modified_gmt":"2025-04-24T19:18:25","slug":"controlling-costs-with-risk-management","status":"publish","type":"online_resources","link":"https:\/\/we-bc.ca\/fr\/online_resources\/controlling-costs-with-risk-management\/","title":{"rendered":"Controlling Costs with Risk Management"},"content":{"rendered":"\n<p>From <a href=\"https:\/\/www.ibc.ca\/stay-protected\/protect-your-business\">IBC<\/a> (Insurance Bureau of Canada)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Is Risk &#8211; And Why It Matters for Your Business<\/h3>\n\n\n\n<p>In insurance terms, <em>risk<\/em> refers to the chance of a loss or an event that could negatively impact your organization\u2019s ability to operate or meet its objectives. These risks could include anything from property damage and liability claims to business interruption or cyber threats.<\/p>\n\n\n\n<p>This resource outlines common types of risk faced by businesses and offers guidance to help you understand where your organization may be exposed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Value of Risk Management<\/h3>\n\n\n\n<p>Effective risk management means being prepared. It\u2019s about identifying potential threats, assessing how they might impact your operations, and putting plans in place to prevent or reduce losses. By understanding and managing your risks, you can protect your people, your assets, and your ability to deliver on your mission.<\/p>\n\n\n\n<p>Use this resource as a starting point to assess your risk exposure and strengthen your organization\u2019s resilience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From IBC (Insurance Bureau of Canada) What Is Risk &#8211; And Why It Matters for Your Business In insurance terms, risk refers to the chance of a loss or an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"resource_type":[646],"resource_category":[1608],"resource_tags":[736,737,735],"class_list":["post-45356","online_resources","type-online_resources","status-publish","hentry","resource_type-link","resource_category-demarrer-votre-entreprise","resource_tags-costs","resource_tags-insurance","resource_tags-risk-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Controlling Costs with Risk Management - WeBC<\/title>\n<meta name=\"description\" content=\"Risk management is essential for protecting your business. 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