Who is responsible for the function of managing risk in your business? If the answer is your risk manager or your insurance agent (or maybe nobody), then this episode is for you. Risk managers and insurance agents play an important role in defining processes and procedures for managing risk and providing options including insurance for business decisions that come with risk. However, when it comes to recognizing risk, opportunities, and making those decisions, the business leaders are often in the best position to lead and within that leadership team, it is often the CFO who is best positioned to see all the risks that exist, understand the impact, and help prioritize governance and controls. Companies that stay informed of their risks, and use that information in their decision making, have the best opportunity to grow profitabily. Rick Nordvold, the founder and CEO of Growth Operators joins us for this episode to discuss the key role that the CFO plays in the function of risk management and how, even a fractional CFO can improve risk based decision making and decrease costs.

The insurance company sets a date to visit your project site or location. They arrive, conduct their interviews and evaluate your business operations. You may receive some recommendations following the visit and then you provide your response. Did you ever wonder what happens after that with the information from that visit? In years past, that report got filed away in an underwriting file, perhaps never to be read again. Today, however, the information, observations, and data from that report can be aggregated and analyzed in new and important ways. The information may feed into an underwriting pricing model to impact premium decisions or even play a big part in the decision to provide a proposal. Beyond that, the data, when integrated with claims data, provides predictive capabilities to help predict and avoid the next claim. The power of that granular information, when harnessed, can have a direct impact on the financial results of the insurance company and of your own business. Many companies are leveraging the analytics behind loss control information to decrease claims and increase profits. Risk Control Technologies is on the forefront of this data capture and evaluation. We are thrilled to have David Pittman, AVP of Sales for Risk Control Technologies, join us for this episode and share his insights into this new horizon for insurance carriers, brokers, and clients.

Environmental, Social, and Government (ESG) requirements are popping up everywhere. Do you know the expectations of all the various stakeholders that impact your business? These include project owners, general contractors, investors, lenders, insurance companies, employees, and governmental agencies. Each comes with risk and opportunities. Have you starting capitalizing on steps that you may have already taken? We are thrilled to join with the Kraus-Anderson Construction Build Me Up podcast to bring you an enlightening discussion on construction environmental risk and insurance. Mallory Thomas, a partner with Baker Tilly's risk management practice in Minneapolis joins us to discuss these emerging risk issues and ways to position your business for success; both internally and externally.