Practical Risk Management

The Handbook for Risk and Financial Professionals.

Helps you make appropriate decisions and implement best practices in all aspects of risk management.

Designed to help risk management and financial executives start and maintain a risk management program, Practical Risk Management discusses the entire process from exposure identification through implementation and monitoring of the program.

It suggests risk management practices to implement and provides concise and understandable explanations of most types of insurance coverage along with tips on the best coverage options. Includes discussions on employment practices liability exposures and insurance coverage, insuring small businesses, coverage triggers, private company D&O, and nonprofit D&O.

Also features IRMI Spotlight, a helpful summary box that provides readers with a quick overview of the contents of the Web page and contains points that focus on important key areas.


Millie WorkmanMillicent W. Workman
Director of Training and Education

Practical Risk Management covers these topics.

  • Risk Management Activities
  • Risk Finance & Self-Insurance
  • Insurers
  • Loss Control/Claims Management
  • Legal & Political Aspects
  • Property Risks and Insurance
  • Liability Risks and Insurance
  • Risk Manager’s Resources
  • Specific Industries
  • Includes Newsletter: Risk Management Notes

Download Table of Contents

Agents, Brokers, and Account Support Staff

  • Educate your staff on risk management principles to help enhance their value-added service capabilities.
  • Helps your staff answer questions posed by your insureds and provides third-party support to recommendations.

Risk Managers, Financial Executives, & Insurance Buyers

  • Gain insight into points to cover in risk management polices to employ in your organization.
  • Get quick answers and solutions to risk management questions and problems.
  • Excellent training tool for those not experienced in risk management.
  • Improve your ability to select, manage, evaluate, and motivate insurance brokers.
  • Fine-tune your insurance or risk management program with practical tips and ideas.
  • Support your explanations to senior management.


  • Educate your staff on risk management processes to help enhance their underwriting prowess.
  • Help your staff answer questions posed by your insureds and agents/brokers and providethird-party support to recommendations.


  • Includes 156 case citations.
  • Increases your value-added service to clients with authoritative insurance and risk management recommendations.
  • Enhances your ability to provide useful risk management advice.
  • Helps answer questions posed by your clients.
  • Enables you to give associates a quick and easy-to-understand overview of most lines of commercial insurance.


  • Gain insight into points to cover in risk management policies to employ in your clients' organizations.
  • Get quick answers and solutions to risk management questions and problems.
  • Fine-tune insurance or risk management programs with practical tips and ideas.
Bonus Publication Icon

Your purchase of Practical Risk Management comes with access to the Contractor's Guide to OCIPs, a handy reference that provides guidance on 39 issues contractors should consider when accepting coverage through a wrap-up or controlled insurance program. This publication was prepared by the OCIP Task Force of the AGC of America.


Online Access

IndividualSingle User

Small BusinessUnlimited Users

Large BusinessUnlimited Users

Related Products

Quality Risk Management Fieldbook

Quality Risk Management FieldbookNEW!

This step-by-step guide is not a textbook but is the perfect resource if you lead a small business, nonprofit, government entity, or political subdivision and do not have risk management expertise or staff. Everything is included to help you work alongside your insurance agent to protect and preserve your organization. Learn more.

Risk Financing

Risk Financing

Easy-to-use-and-understand reference explaining the various funding options for your organization’s risks. Explains reinsurance, alternative markets, and tax and accounting implications of various risk financing mechanisms. Excellent resource for state specific regulations. Learn more.

Contractual Risk Transfer

Contractual Risk Transfer

Any contracting party needs this IRMI best-seller within arm's reach. It explains the ins and outs of indemnity and hold harmless agreements, waivers of subrogation, and ideal insurance specifications, See the Table of Contents and the top seven reasons you'll want it by your side. Learn more.

IRMI Glossary of Insurance and Risk Management Terms

Glossary of Insurance and Risk Management Terms

This best-seller from IRMI gives you quick answers to questions involving unfamiliar insurance terminology. The definitions are written in plain English with a focus on practical application. Learn more.

The Risk Report

The Risk Report

Analysis and interpretation of the latest innovations in insurance coverage and discussions of risk management best practices. Online subscribers get access to a fully searchable archive of more than 200 issues! Learn More.


Social Media