Every business is exposed to two types of risk, Catastrophic and Enterprise. Catastrophic risk is exposure to events that could have a business-ending result, such as Fire, Flood, Workers Compensation, and Product Liability. Business owners routinely transfer this risk with the purchase of traditional property and casualty insurance products.
The loss of a license, key client, reputation, or location are some of the more than 60 insurable events most business owners accept as part of the cost of doing business. Enterprise risk mitigation transfers these liabilities to an insurance company specifically created for indemnity purposes. CapitalSmith assists business owners in identifying their exposure and coordinating a solution with a reputable third-party vendor.