Financial Advisory Services

Risk Management
Many people think that risk is confined to simply ensuring that there insurance policies in place for the basic liability, property and standard insurance risks.

RISK Management is much more! It is taking a comprehensive look at how you are doing business in all areas and assessing in conjunction with your shareholders, management, employees, customers, suppliers, and services providers. From here you must determine the various types of risk, the degree of severity or $ impact on your business and then implement an action plan to reduce risk.

Clausen & Associates will provide you not only with the analysis but suggested solutions and operating guidelines to minimize the impact on your business.

An interview survey process is utilized, with a risk mapping and analysis to determine and rank the key risks in terms of severity and priority of required action.

We also will assist with implementation of Risk Reduction Action plans and in regular Risk Review Follow Ups.

Examples of risk areas that may affect you:

• Customer dissatisfaction due to poor service
• Failure to trademark and copyright
• Lack of back up systems and processes
• Foreign exchange losses
• Employee and customer security of data
• Employee safety risk issues
• Loss of competitive advantage due to range of controllable factors
• Loss of key employees
• Failure to maintain certifications for products and services
• Theft
• Lack of good corporate governance