What are your insurable risks?

Leading Change
Written By Stacia Aylward

The Challenge

Write down five risks you or your organization face that could be mitigated by purchasing insurance. These can be personal or professional. Next to each, make a note of whether that risk is currently insured against. If not, why not? (Of course, there could be good reasons for not insuring, but knowing what they are and analyzing your reasoning is a good practice nonetheless!)

Why do this?

Every business involves risk, and it's important to aware of what risks are most likely to affect you and your organization in the near future. (By the way, if you noticed that this challenge is similar to another one you've done, you're right. It is! We developed a whole series on identifying risks, and this challenge is part of that series.)

Identifying a risk will greatly improve your ability to mitigate it (or even turn it into an opportunity!).

What’s next?

Choose one of the risks you've identified and draft a risk management plan for how you could address it.

Stacia Aylward

Zelos CEO Stacia C. Aylward is an executive leader and lifelong learner with broad professional experience in envisioning and leading programs, projects and teams; facilitating and teaching adults; conducting research; and developing client relationships using proven methodologies in many government and technical fields, including economics, education, healthcare, housing, non-profit governance, IT and law. Stacia holds a master’s degree in Communication and Information, a bachelor’s degree in English, a Six Sigma black belt certification, and a Coach Approach to Leadership credential.

Previous

Is your team actively supporting its partners?
Next

Why are your ideas sometimes rejected?