Growing Your Business while Dealing with Economic Uncertainty
There are a few things going on in the world right now. You might have heard of a few of them: inflation, geopolitical unrest, midterm elections, the stock market facing a correction (or worse).
It’s easy to get stuck in indecision.
Running a business is like walking through a minefield. There are potential dangers all around, but without the right tools, you never know what could blow up in your face. The temptation is real to do nothing. But doing nothing is still a choice – where will that choice leave you?
Moving Forward Safety (and Profitably)
For too many small businesses, their insurance policies act as their only form of risk management. The problem here is that while the right insurance will help put the pieces back together, there are so many soft costs that are hard to account for. Accidents and injuries for small businesses always lead to a decrease in profitability.
So how do we avoid the stepping on the mines surrounding us?
A good risk management plan gives you a roadmap for moving forward safely. There will always be risk and no plan is foolproof, but in identifying risk, we can come up with a plan to manage it.
While every business is different, there are some common problems that we help our clients solve:
- How do we hire the best employees in a brutal job market?
- What are the best ways to keep our employees safe without affecting productivity?
- How we can get our people back to work quickly?
- What regulations will we be subject to and how can we deal with those in a cost effective way?
- How can my staff and I manage our time more effectively?
How We Can Help
You might ask – what does any of this have to do with insurance? A good question. Insurance is there to help put the pieces back together after an accident – but wouldn’t you rather not step on the mine to begin with?
What we do is use the placement of your insurance to fund a customized risk management program. You’re already paying a lot of money for your insurance – isn’t it time you got more for your money?
If this concept is different from what you’ve experienced before and you’re interested in learning more, we offer a free initial consultation. Please reach out to us at 610.671.3500 or contact@stillwerllriskpartners.com. You can also book an appointment with one of our risk advisors here.