Practical Risk Management

By: Millie Workman, CPCU, CRIS, MLIS, AFIS
Practical Risk Management

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The cost of IRMI application products depends on the size of your organization. The size ranges are as follows.

  • 1-9 Employees
  • 10-30 Employees
  • 31-60 Employees
  • 60+ Employees - Contact us for a quote!

To subscribe to an IRMI product, you can purchase either a single-seat license for an individual, or an unlimited group license for everyone in your organization. The cost depends on whether your firm qualifies as a "Small Business" or a "Large Business" under the definitions in the following table.

Item Individual Small Business Large Business
Users 1 Unlimited Unlimited
Agency/Brokerage Any size Under $10M Revenue $10M+ Revenue
Insurance Company Any size Under $100M Premium $100M+ Premium
Law Firm Any Size Under 10 coverage Lawyers 10+ Coverage Lawyers
Risk Mgmt. Dept. Any Size Any Size N/A
Other Organization Any Size Under 100 Employees N/A

IRMI offers two options for your subscription term:

  1. Month-to-Month Subscription – Payable by credit card prior to the start of your first month and billed automatically to the credit card on file each month thereafter.
  2. Annual Subscription – Paid in full by credit card prior to the start of your first annual term.

Practical Risk Management

Product type: 1 Year Subscription

Publication Date(s): 1982-2018

Update Schedule: Quarterly

Part of: Risk and Insurance Package

Discount: Prices shown include a 5% discount for choosing the annual payments option

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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.

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.
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Your purchase of an IRMI reference product includes a complimentary subscription to The Electronic Owl e-newsletter. You'll receive a monthly update with links to new content and tips on how to get the most from your IRMI resources.

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Your purchase of the online version of Practical Risk Management comes with a digital copy of the Contractor's Guide to CIPs—a handy reference that provides guidance on 38 issues contractors should consider when accepting coverage through a wrap-up or controlled insurance program.