Risk Manager
What Does Risk Manager Mean?
A risk manager is a business professional who assesses risks for a company and works to minimize them. The goal is to prevent the company from experiencing significant losses. In the context of insurance, effective coverage is one of the primary methods risk managers use to protect companies from financial setbacks.
Insuranceopedia Explains Risk Manager
In addition to insurance, risk managers may also ensure that the company follows effective safety procedures and makes sound financial decisions. They are highly valuable to companies because they help prevent unnecessary losses. A single gap in insurance coverage could lead to hundreds of millions of dollars in losses for large companies. Therefore, having a professional who identifies coverage gaps and other potential hazards is crucial for protecting the company.
