Risk Assessment: More Than Insurance

Description

Effective risk assessment goes far beyond securing insurance—it’s about understanding and managing the broad spectrum of business risks that impact your cooperative's success. This session, designed for cooperative board members, takes a high-level look at key business risks, including interest rate fluctuations, industry-specific challenges, and regulatory policies. Explore unique risk factors such as commodity market volatility and policy shifts. Learn strategies for identifying, evaluating, and mitigating these risks while ensuring long-term stability and resilience. This session will empower cooperative leaders to think strategically about risk, equipping them with tools to address uncertainties and guide their organizations toward sustainable growth. Learning Objectives: • Recognize key business risks across financial statements, including income and balance sheet vulnerabilities. • Apply a structured approach to identify, evaluate, and manage various risk types. • Promote collaborative risk management through leadership engagement and ongoing evaluation.