Today’s Analysis: leave the risk management to us.
From Actuaries to Accountants; as a financial services firm you should be focused on providing your clients with accurate numbers and expert advice, not managing the hidden risks to your business.
Today’s Analysis: leave the risk management to us.
From Actuaries to Accountants; as a financial services firm you should be focused on providing your clients with accurate numbers and expert advice, not managing the hidden risks to your business.
Guiding you along the path to success.
IDENTIFY
Identify and Analyze Risk Exposures
We believe our clients are better off with us than without us.
DESIGN
Design Strategies to Mitigate Risk
We believe innovation and continuous improvement are the foundation for success.
EXECUTE
Execute on Strategies
We believe strategy without execution is just an idea.
PROCURE
Insurance Procurement
We believe value must always succeed price.
MONITOR
Monitor 365
We believe success is in the follow-through.What Are the Greatest Risks for Financial Professionals?
Cybercrime
The Financial Services industry is one of the most common targets for cybercriminals, as these businesses often store sensitive customer data (e.g., names, addresses, and credit card information). In addition, employees who are improperly trained in cybersecurity could leave your organization exposed to ransomware, viruses, phishing scams, and malware. Just one attack can leave you exposed to reputational harm, litigation, data breach notification costs, and potential compliance fines.
Errors and Omissions
While Financial professionals are committed to providing their clients with accurate and high-quality service, mistakes can happen. Accidental or not, just one error can result in a costly lawsuit. Clients can sue for a variety of reasons (but not limited to), poor management advisory services, analysis and recommendation errors, and errors related to tax and financial statement filings.
Business Continuity
Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. Common interruptions for Financial Service firms can include natural disasters, fires, and cybersecurity events.
Employment Practices
The number one asset of any Financial Service firm is its people. Which also makes them one of the most significant risks as well. The entire hiring process can be risky, from application to interviewing; any negligence can lead to grounds for discrimination. Finding those highly skilled individuals should not be taken lightly, and those challenges can hurt a business.
What Are the Greatest Risks for Financial Professionals?
Cybercrime
The Financial Services industry is one of the most common targets for cybercriminals, as these businesses often store sensitive customer data (e.g., names, addresses, and credit card information). In addition, employees who are improperly trained in cybersecurity could leave your organization exposed to ransomware, viruses, phishing scams, and malware. Just one attack can leave you exposed to reputational harm, litigation, data breach notification costs, and potential compliance fines.
Errors and Omissions
While Financial professionals are committed to providing their clients with accurate and high-quality service, mistakes can happen. Accidental or not, just one error can result in a costly lawsuit. Clients can sue for a variety of reasons (but not limited to), poor management advisory services, analysis and recommendation errors, and errors related to tax and financial statement filings.
Business Continuity
Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. Common interruptions for Financial Service firms can include natural disasters, fires, and cybersecurity events.
Employment Practices
The number one asset of any Financial Service firm is its people. Which also makes them one of the most significant risks as well. The entire hiring process can be risky, from application to interviewing; any negligence can lead to grounds for discrimination. Finding those highly skilled individuals should not be taken lightly, and those challenges can hurt a business.
Frequently Asked Questions
Our Clients Say it Best.
Meredith went above and beyond in helping me to navigate all the options and made a plan that was personalized for my situation. She gave me all the time I needed to ask questions until I felt comfortable.
Now I feel much more confident that I’ve made the right decisions. I highly recommend her services due to her incredible expertise and guidance.
My experience with InsureGood was phenomenal. Carrie Taylor made it so easy to switch my auto and home owners insurance. Not only that but got me more coverage and lower rates! Carrie walked me through everything and took the time with me to make sure I understood. I found that to be so important! It really made me feel like I could ask questions and wasn’t pushed into anything I didn’t want.
On top of that I was always responded to in a timely manner. Overall it was such a good experience and I can’t thank Carrie and the team enough! I would recommend them to anyone
I’ve been working with the ladies of InsureGood to not only help with my insurance needs but to help with the contracts and processes that need to be in place to grow my business without worry. I highly HIGHLY recommend Meredith and her team. If you’re a business owner, please reach out to them. They can answer the questions that you don’t even know to ask yet!
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