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3_28_CSTG_EPIC_EP1.mp3

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Show Notes

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<aside> ✂️ **Episode Title: What is Risk? Becoming Familiar with the Unknown with Chris Moore

Episode Description:**

Chris Moore, a managing principal at EPIC Insurance Brokers & Consultants, takes the mic to delve into the world of risk management in the first episode of "Risky Business: Understand Your Risk, Realize Your Reward," a special series on the Can't Stop the Growth podcast. In this episode, Chris, discusses the concept of risk, breaking down the elements of risk and how to take ownership of a risk management process to mitigate its negative impacts. He introduces the four risk profiles and provides insightful examples using the popular Powerball lottery to illustrate the relationship between risk and reward. Chris also outlines the steps of the risk management process, including identifying, analyzing, evaluating, treating, and reviewing risks.

Additional Resources: Chad on LinkedIn Chad Peterman | CEO | Author Peterman Brothers Website Connect with Chris on LinkedIn Learn More About EPIC Brokers Contact EPIC Brokers
More on PeopleForward Network Follow PeopleForward Network on LinkedIn

Key Takeaways:

  1. Identifying different types of business risks and how to manage them effectively.
  2. Understanding the relationship between risk frequency and severity in decision-making.
  3. Exploring the risk profiles of low frequency, low severity to high frequency, high severity.
  4. Delving into the four treatment options for managing and responding to business risks.
  5. Previewing how to transfer risk through insurance policies and contractual agreements.

Things to listen for:

01:50 Business conversations lead to meaningful, rewarding relationships.

10:09 Person losing $4,000 yearly, playing Powerball.

11:17 Frequent Powerball ticket purchases lead to financial impact.

14:44 Identify, analyze, evaluate, and treat hazards.

</aside>

Transcript

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3_28_CSTG_EPIC_EP1_mp3.txt

Episode Link

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