Are You and Your Family Protected?
Sometimes we get so caught up in the day-to-day, that we never take a step back to see the full picture. You may be paying your bills on time, taking care of your responsibilities, and saving, and while those are all good things, are you fully protected? Let's talk a little bit about risk management. What is Risk Management?💠Sometimes bad things happen, things outside of our control. Simply stated, Risk Management is about reducing the financial impact of adverse events. Some common examples include auto insurance or health insurance. Despite your best efforts to drive safely or eat right and exercise, sometimes emergency situations occur. The financial impact of these occurrences will depend on the ownership and adequacy of the proper insurance, in the case of this example auto insurance or health insurance. A lack of either of the two would cost you more if something were to happen than having the proper coverage. When we think about Risk Management, we key in on how pro...