The best insurance for business Owners is . . .
the business, itself.  So, why not start with yours?

Case and Point:  Check out this business owner's testimonial to the power of having a pension plan.

Adamsson Associates are uniquely positioned to:

Limit Threats

Leverage Opportunities

Leave a Legacy

for themselves, by helping other business owners do the same.  

"Planning's the insurance money cannot buy."  
J L Adamsson, Flynancial Times, January Edition, 2024. 

As an Adamsson Associate, you are in business as an independent project management professional specializing in risk management for the business owner.   

Like you, your client sees a business need to plan for what they can, and prepare for what they can't.  And, perhaps, not just for themselves, but for their executives, and for their employees, as well.

By initiating, delivering, executing, and monitoring:

• lifetime income planning, 
• long term care planning, and 
• legacy planning for your business, 

you are ready to help a business owner who is looking to do the same for theirs.   

Q: Why would a business owner buy long term care insurance,
when the business could buy it for them?

Yours, with our thanks for answering 2 quick LTC questions.

Planning for the unplanned changes that the rest of life can bring . . . now, that requires some tough questions that need to be answered: 

"What happens if I live, too long? "  

"What happens if I die, too soon?"

"What happens if I lose my income to:

illness, 

injury, or 

economic downturn?"

these are the hard questions you have asked yourself, Adamsson Associate, and that you must ask before Appropriately recommending insurance for business Owners.

To re-iterate, whether current or aspiring, this website is intended to encourage, inform, and guide business owners to entrepreneurial growth and success. 

Not all risk is bad, as you well know.  Certainly threats of financial loss are negative risks, but positive risks are what we call opportunity.   That's why we love to meet entrepreneurs who are brand new to business ownership.

Unfortunately, insurance for business owners is often the last thing on the mind of a start-up entrepreneur.  

For the reader who, perhaps, is just starting a business and has never really considered risk management as a field of interest

What follows here is just a little higher level  perspective on the language and the culture of project risk management, just in case you're curious and might be considering it as a career opportunity you've never considered, before.

overview of risk management within the context of enterprise, portfolio, program, and project management.

Risk is inherent: Every organizational activity when it comes to managing portfolios, programs, and projects, involves risk.  Recognizing and proactively managing these risks is crucial for achieving strategic objectives and maximizing value creation.
Systematic approach is essential: A structured and iterative planning approach to risk management, encompasses:

• risk identification, 
• risk analysis, 
• risk responses
• monitoring
• re-iterating

Tailoring and scaling are crucial: Risk management processes should be tailored and scaled to meet the specific characteristics of the endeavor, considering factors like available resources, organizational maturity, and risk appetite.

Integration is key: Successful risk management requires seamless integration with other organizational processes, including strategic planning, governance, stakeholder engagement, and performance management.

Accountability and responsibility are shared: Risk management is a shared responsibility, requiring active participation and collaboration from all stakeholders, including executives, managers, team members, and external partners.

Risk Management across Domains:
Enterprise: risk management is an approach for identifying and forecasting major risks confronting an organization, aligning risk management with organizational culture, capability, and strategy.
Portfolio: Portfolio risk management aims to optimize the mix of components to balance risk and reward, ensuring alignment with organizational strategy and maximizing value delivery.
Program: Program risk management focuses on managing risks that could impact the realization of program benefits, ensuring effective integration of component projects and achieving strategic alignment.
Project: Project risk management aims to minimize the probability and impact of negative risks while maximizing the probability and impact of positive risks, ensuring successful project delivery within defined constraints.

Key Terminology of Risk Management 

Risk definition: A risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more objectives.
Risk attitude: An organization's or individual's disposition toward uncertainty, ranging from risk-averse to risk-seeking, influencing how risks are assessed and managed.
Risk appetite: The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward, guiding risk management decisions and parameters.
Risk threshold: A measure of acceptable variation around an objective, reflecting risk appetite and serving as a key element in defining risk strategy and escalation paths.

Key Concepts of Risk Management

Uncertainty: The lack of complete knowledge or predictability about future events or outcomes, inherent in portfolios, programs, and projects.  Insurance for business owners is the proactive way to deal with uncertainty.
Ambiguity: The state of having multiple possible interpretations or meanings, making it challenging to identify and assess risks accurately.
Threat: A risk with a negative effect on one or more objectives, requiring proactive management to mitigate potential negative impacts.
Opportunity: A risk with a positive effect on one or more objectives, requiring proactive management to exploit potential benefits and enhance value creation.