9. Risk Management: General Concepts

  1. Steven M. Bragg

Published Online: 13 DEC 2011

DOI: 10.1002/9781118268391.ch9

The New CEO Corporate Leadership Manual: Strategic and Analytical Tools for Growth

The New CEO Corporate Leadership Manual: Strategic and Analytical Tools for Growth

How to Cite

Bragg, S. M. (2011) Risk Management: General Concepts, in The New CEO Corporate Leadership Manual: Strategic and Analytical Tools for Growth, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118268391.ch9

Publication History

  1. Published Online: 13 DEC 2011
  2. Published Print: 11 JUL 2011

ISBN Information

Print ISBN: 9780470912874

Online ISBN: 9781118268391

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Keywords:

  • business insurance;
  • chief executive officer (CEO);
  • insurance company;
  • risk management policy;
  • risk mitigation activity

Summary

This chapter provides an overview of the key elements in a risk management system, which the chief executive officer (CEO) can use to verify whether her company’s risk mitigation activities are sufficient. It covers the risk management policies and procedures that keep a company from being seriously injured by risk-related problems. It describes the role of the risk manager in mitigating a company’s risk by modifying internal systems as well as by purchasing insurance. The types of insurance that a company can buy are also discussed as well as how to select a broker or underwriter to help service a company’s needs. The chapter concludes with coverage of a risk management report that clearly identifies a company’s risks and how they are being addressed.

Controlled Vocabulary Terms

Chief executive officer; Insurance companies; risk management