Risk management is the process of identifying, assessing and controlling threats to an organisation’s capital and earnings.

These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.

What are the benchmarks of best practice business risk management?

We have a clearly documented risk management and disaster recovery plan in place which is reviewed on an annual basis as part of our business planning process. Review the checklist to see how your business stacks up

We have an appropriate insurance program in place which is reviewed annually and which we have complete confidence addresses the risks faced by our business not only today, but also with the future in mind. Review the checklist to see how your business stacks up

We have the right business, legal and financial structures in place to ensure that my business and family are protected and to achieve my business and personal goals. Review the checklist to see how your business stacks up

We are confident that the intellectual property in our business is adequately protected, particularly in relation to our brand and products. Review the checklist to see how your business stacks up

Next Steps

Rate your business against all of the elements of a best practice business

Find a Synergy48 best practice risk management advisor to help you implement best practice risk management in your business

Read about other best practice business benchmarks

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