Joy is a risk management speaker, consultant, author and educator who shows a deep understanding how you can use risk management to overcome obstacles in your business. A professional risk manager with over 25 years experience, Joy believes everyone can benefit from using risk management as one aspect of business skills. A believer in continuing education she encourages greater understanding of business risk and the many ways you can learn to control it. Joy can help you utilize risk management tools to take advantage of opportunities, attract and retain employees and reduce the cost of business.
A Fellow, Chartered Insurance Professional with the Insurance Institute of Canada and a Fellow, Risk Manager in the Global Risk Management Institute. Joy offers teaching and training in classrooms, association boardrooms, and as a conference speaker. She’s helped many organizations to improve their approaches to operational management and insurance purchasing. By inspiring you to think differently, work smarter, you can reach your goals faster and with less cost. Read all risk management articles at cunnart.com for free
How did you first learn about risk management?
While I was still working in the insurance industry, I learned that a colleague had left her job to take a risk management position in the food and beverage industry. I remember thinking that it sounded like a real challenge - trying to manage something that is real, but so hard to quantify in advance. Plus, how would justify taking steps to mitigate risk when you cannot place a real value on losses that haven't happened?
What motivated you to leave the insurance business and take a position in risk management?
By the time an opening came available, I had worked for a few insurance companies. I was becoming a bit frustrated with the process. All insurers have a similar goal - to collect enough premium to cover loss costs, business expenses, and have some left over to distribute to shareholders and keep in reserve for unexpected high-cost losses. Despite the different ways they went about managing the company, they all wanted more premium and complained that legislation made their goals difficult to achieve.
This guide takes you through the process of identifying risk as the first essential step in every risk management plan. Knowing the many types of risk facing your organization is necessary before you can begin to treat them. Using an effective identification process improves your ability to make decisions that will generate positive results.
Whether they are called purchase orders, easement agreements, facility rentals, or any other name, contracts present risk. Using appropriate tools and resources, lets you simply manage risk through contract terms. This handy guide contains tips making risk management strategies easy to use in a wide variety of contracts. This