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Risk Management Review: A CFO's Approach

By James W. Davidson
October 01, 2003

Set aside some quiet time every year to think through your insurance and risk management programs with someone knowledgeable in the field. Law firm administrators are mostly not insurance experts, and unless there is some crisis, tend not to give this area the attention it needs. Crisis time may be too late.

Get a Knowledgeable Broker

The key to effectively controlling risk and carrying the right amount of insurance at the right price lies in a knowledgeable broker. Take your time in selecting a broker; interview several, get comfortable with their knowledge of insurance in general and the service industry in particular.

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