From IBC (Insurance Bureau of Canada)

What Is Risk – And Why It Matters for Your Business

In insurance terms, risk refers to the chance of a loss or an event that could negatively impact your organization’s ability to operate or meet its objectives. These risks could include anything from property damage and liability claims to business interruption or cyber threats.

This resource outlines common types of risk faced by businesses and offers guidance to help you understand where your organization may be exposed.

The Value of Risk Management

Effective risk management means being prepared. It’s 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.

Use this resource as a starting point to assess your risk exposure and strengthen your organization’s resilience.