Total Cost of Risk (TCOR): Why Business Owners Should Prioritize This in Their Insurance Decisions
In the business realm, risks are as constant as opportunities. While insurance plays a pivotal role in mitigating these risks, many business owners, in their quest for the perfect insurance plan, often look primarily at premiums. However, premiums are just the tip of the iceberg. Enter the concept of the Total Cost of Risk (TCOR). Understanding TCOR is crucial for business owners to truly grasp the financial implications of risk and to make informed insurance choices.
