As a business owner, it is important to have a good understanding of your business insurance and risk management costs. Many business owners would say they may have a handle on their insurance costs, but not their risk management costs. Are Insurance Costs And Risk Management Costs The Same Thing? Insurance costs are just that, the cost of the various commercial insurance policies you purchase. This would include commercial property, errors and omission, umbrella insurance and more. Risk Management costs include all the costs and expenses associated with your program. These would include insurance, paid out deductibles, administrative costs, safety program costs, and even uninsured costs. We have strategies to help you reduce your overall cost of risk. We believe that insurance is a big part of your cost of risk. In addition, there are many other areas where we can have a positive impact. No matter how well your business might be doing, disaster can strike and turn your streak of good luck into quagmire of misery and frustration. J.S. Edwards & Sherlock Insurance Agency offers a variety of business insurance policies to protect your business as well as your peace of mind. No matter how small or large, new or longstanding your business is, you never know what the next day will bring or how much it might cost.