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Enterprise Risk Management

A popular definition states that Enterprise Risk Management (ERM) is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization's capital and earnings. Enterprise Risk Management expands the traditional exposure assessment process to include not just risks associated with accidental losses, but also financial, strategic and operational risks.

Simply put, ERM takes a holistic approach to an organization’s risks by examining how all of its exposures affect each other, rather than viewing each risk as a stand-alone or project specific issue. Contingency Solutions, LLC supports this methodology and we encourage all of our clients to adopt it.

Contact us today for more information on how this comprehensive approach can benefit your business.