Would you run a hot dog stand near the Met in NYC if it cost $362,000 for a license? The Riskczar would. Read about the hot dog math here.
Reputation Risk is not a Risk
Reputation risk is a second order risk. It is caused by some other risk event. Coke cannot go out and buy some reputation risk insurance but it can try to ensure that it’s factories don’t stop working or rat droppings…
What Causes Risk?
In a previous article, we learned about the difference between the inherent and residual risks you face on the way to work: slipping in the shower, on the driveway or off the road. All these high inherent risks are reduced…
Inherent and residual risks
Were you aware of how risky it is for you to come to work? Since you woke up this morning, you could have slipped in the shower, in your driveway or off the road. It’s a wonder you got here…