CHAPTER 1

The Setting

In this chapter, we set the scene by looking at what risk management is and what it is not, why do it, what it costs, and what are the risks we are talking about.

Are Any of These Eight Myths About Risk Management Keeping You From Managing Your Business Successfully?

If you have a negative view of risk management, it is probably the result of one or more of a number of wrong beliefs. Some are quite understandable, but they are all wrong. Here are the eight most popular misconceptions and why they are wrong.

  1. Risk management is another name for insurance. The world was full of risks from the start: insurance has been around for only a few hundred years. Not all risks are insurable, but they all need to be managed. It is ...

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