FOUNDATIONS OF RISK MANAGEMENT
Culture
Create a culture of managing risk and preventing claims
Creating a culture of risk management and claims prevention entails instilling in your company an
overriding vision that stresses quality control and managing risk as a vital part of your business practice.
This vision must become a core value of the firm and come from the top down. Stress the importance of
risk management as often as possible among the staff, as well as the consequences of ignoring it.
Creating this culture requires both strategic and operational planning. It should involve all levels of the
staff and even involve clients. Quality must take precedence over profits. When quality is established,
profits tend to follow.
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