CNC Insurance Delaware Business Insurance Update - What does ERM mean for Your business ?

ERM is enterprise of risk management. Very simply, ERM assesses risk in business by focusing on the business itself. This includes long term financial goals, investment strategies, marketing, and human resources, just to name a few. For many of us ERM may be a relatively new term. However, ideas such as sound investing and market strategies are standard concepts. What ERM allows business to do is create and track a path forward. Giving stakeholders more confidence and a greater understanding of the internal functionality of that business. While the fundamental practice of ERM seems to be sound, the long term benefit will need to be tracked an analysed. Luckily, with ERM, you can do just that. Well, until next time, know your risks and be careful out there.

G. Kevin Nemith
President, CNC Insurance

Proudly serving Delaware, Virginia, Maryland, Pennsylvania, and New Jersey

www.cncinsurance.com
www.bizinsurancetv.com

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