Global Risk Management

Businesses that operate abroad face unique risks as well as unique opportunities. Global risk managment addresses these issues, from the legalities associated with running an enterprise in a foreign land, to risks associated with political instability, labor relations, brand reputation, shipping and more.

Solutions to your at risk issues can protect your organization from entering unsuitable markets (both foreign and domestic) prevent you from aligning yourself with partners or customers who themselves are at risk, overspending to mitigate risk and can reduce workplace events that result in loss.

"Client interests are best served by investing in people, creating global relationships and developing the ... technology tools needed to effectively move, manage, evaluate and collaborate on global information..."

Bruce Basso, Chairman, ABD Insurance and Financial

Global Risk Management Considerations: Thinking Ahead

Local culture, labor practices, "admitted" insurance requirements, accounting and tax standards are among the most changeable issues international businesses must understand. Often overlooked as areas of risk, failing to properly manage any one of them could cause the failure of your international venture.

You may wish to consult with experts local to the land. Find out everything possible about the legal, tax, accounting and insurance requirements in your destination country. If possible, discuss the situation with other companies that are already doing business in that country.

Understand the effects of location on your market. Prior knowledge of the legal structure, shipping terms, exchange considerations and contractual norms is essential to success. Carefully consider the complexity. Before moving into a country, especially your first non-US country, you should perform a business analysis that takes into account the full complexity of the move. Consider information technology costs, local labor laws, accounting requirements, banking relationships, legal consultation and other factors.

Global Risk Mangement Solutions

Our experienced risk management consultants will guide you through th complexities of global risk managment. Through methodical identification of potential losses, evaluation of risk control and risk financing alternatives, and with assistance in the implementation of corrective actions, we will guide you to the development of a customized program that ensures you are getting the greatest value from your risk management dollars.

Please see: International Risk Management Practice/Global Solutions.

Our Risk Management Practice, Consultants & Solutions
Please See:
Our Risk Management Practice
Risk Management Consultants
Enterprise Risk Management
Global Risk Management
Financial Risk Management

Additional Global Risk Management Resources

Please See:

• Principles of Risk Management
• Risk Management Assessment
• Risk Management Insurance
• Risk Management Planning
• Risk Management Product
• Risk Management Services
• Risk Management Solutions
• Risk Management Strategy
• Risk Management Training

Please see our Risk Management Practice for an overview of our experience in International/Global Risk Management.