Faced by supply chain and hiring challenges, unpredictable shutdowns, and ever-changing regulations, CFOs are more strapped for time and resources than ever before.
While insurance typically falls under a CFO’s large and growing list of responsibilities, it’s often on the backburner. Policies are simply renewed year after year. All is OK—until it isn’t. Along comes a claim or a stratospheric renewal, and suddenly it’s time to take a deep dive into coverages and what happens “behind the renewal curtain.” The key to avoiding this, of course, is to have this discussion before circumstances demand it.
To be proactive, today’s CFO needs to analyze and address four key risk considerations that are often overlooked.
Gaining clarity around these concerns gives the CFO choice and control over how they’re addressed—and that directly impacts the balance sheet.
As we continue to onboard new clients and lead them through times marked by exceptional changes, these are four areas that even many of the best CFOs and risk managers are not fully diving into with their broker/advisor.
If neglected, these concerns often lead to terms that can significantly damage the balance sheet. In short, mid-market CFOs and insurance buyers must look outside the “typical” insurance buying process to find additional ways to derive value and return on investment from their insurance broker and outsourced risk management team.
For help with a more in-depth insurance analysis, the Oswald team has the expertise to consider your risks from every possible angle.
Note: This communication is for informational purposes only. Although every reasonable effort is made to present current and accurate information, Oswald makes no guarantees of any kind and cannot be held liable for any outdated or incorrect information. View our communications policy.