Human capital risk is inherent in every aspect of our lives

Logan Smythe & Associates help prepare human capital risk plans after consultation and analysis of businesses vital aspects. We fully consider the potential effect of events on individuals, families, businesses, and other owners, as human capital risk is often interconnected.

Generally, risk can be broken down into three categories, these being:

Catastrophic

Tends to be less frequent events but have the most severe impact.

Major

Risks may occur more frequently and to a greater percentage of the population. They will cause disruption and loss but are recoverable with some intervention.

Minor

Frequently occur and can normally be managed without significant consequences and intervention.

There are four common ways of managing risk:

Transfer (Insurances)

Avoid

Reduce

Retain