Balancing Risk: Practical strategies to reduce the uncertainty in attaining your business objectives and decrease the frictional cost of managing the ... of risk faced by all organizations today

"Insurance is often confused with risk management, yet it simply finances part of the risk with another entity, i.e. the insurance company. In reality, it is up to the organization's executive team to proactively manage risks." - Ed Kempkey You don't need a full time risk manager to gain the benefits these best practices offer. Balancing Risk exposes five myths that often prevent organizations from implementing risk management programs, and provides straightforward concepts and metholodologies upon which to build your plan. The step-by-step process includes examples you can follow as well as a simple system to easily document and measure your success. - Increase operational effectiveness and efficiency - Enhance the identification of opportunities and threats - Establish a reliable basis for decision making and planning - Improve stakeholder confidence and trust

Ed Kempkey is the founder of Risk Skills Center and CEO of Kempkey Insurance Services, Inc., a commercial insurance brokerage firm that he founded in 1980. Prior to starting his own company, Ed was vice-president of underwriting for an insurance company, after which he moved on to become president of a large multi-location insurance agency. Ed has presented numerous seminars on a variety of risk management topics including safety and health, enterprise risk management, accident investigation, business continuity planning, and human resource related subjects. Many of his seminars have been approved for continuing education credits by the Society for Human Resource Management. In addition to public seminars, Ed also conducts on-site training for managers and supervisors to support their role in protecting the organization. Each training module covers a different law that imposes personal liability for their responsibility in supervising others, and educates them to recognize when a situation arises and how to properly respond. Ed's picture has appeared on the front cover of a national risk management magazine in connection with a story on his work with the wine industry. He also writes a weekly newsletter titled "risKey" on a variety of insurance and risk management topics, and is the author of the Risk Management Procedures Guide, a complete manual covering all aspects of administering a risk management program. Professional affiliations include the Risk and Insurance Management Society, and the Professional Risk Managers International Association.