Business Risk Management

Protect what you’ve built with proactive planning

Identify and prepare for financial risks that could affect your company’s stability. From insurance reviews to contingency strategies, Cox, Klugh & Company helps business owners create plans that keep operations steady when challenges arise. Based in Anderson, we serve clients across South Carolina and beyond with personalized, practical guidance.

Every business faces risk — the key is being ready

Turn uncertainty into strategy

Running a business means balancing growth with exposure. Market fluctuations, leadership changes, and unforeseen events can all impact performance — but the right preparation helps you adapt and recover.


At Cox, Klugh & Company, we take a proactive approach to identifying risks before they become crises. Our advisors evaluate vulnerabilities across your financial structure, operations, and personnel to create a comprehensive, actionable plan.


Whether you’re managing a family business or a growing company, we help you pinpoint financial pressure points and strengthen resilience. Our process focuses on clear steps, measurable goals, and strategies you can actually implement.

Build resilience into your business model

Guidance that evolves with your company

We understand that every region and industry faces its own challenges — from seasonal cash flow shifts to changing insurance requirements. Our team combines financial insight with local perspective to help business owners protect against both immediate and long-term threats.


We review your current coverage, continuity plans, and financial reserves to identify gaps and opportunities for improvement. With our guidance, you’ll have a structured approach to handle uncertainty, reduce exposure, and maintain momentum when circumstances change.


Risk management isn’t about avoiding every problem — it’s about being prepared to meet them head-on. With a solid plan, your company can recover faster, act decisively, and make confident financial choices even in volatile markets.

Practical protection for real-world challenges

A focused process to keep your business resilient

Comprehensive Risk Review

We evaluate your business’s exposure — from liability and asset protection to revenue continuity — and outline where adjustments can have the biggest impact.

Contingency Planning

We develop strategies to address potential disruptions, including succession plans, backup cash flow solutions, and key person coverage integration.

We help you design a business risk management strategy that fits your company’s size, goals, and industry. Our approach is hands-on, transparent, and tailored to your priorities.

Insurance Analysis

Our team reviews your existing insurance policies to ensure coverage aligns with your actual risks. We identify redundancies, gaps, and opportunities for improved protection.

Ongoing Monitoring

Risk management isn’t a one-time event. We regularly review your plan to adapt to changing markets, regulations, and business goals.



Business Risk Management FAQs

What business owners want to know

  • What types of risks should I be thinking about as a business owner?

    Every business faces a mix of financial, operational, and personnel risks. These include loss of key employees, property damage, lawsuits, market downturns, and cash flow disruptions. We help you prioritize which risks are most critical and create a strategy to manage or transfer them effectively.

  • How often should my company review its risk management plan?

    We recommend reviewing your plan at least once a year or whenever there’s a major business change — such as growth, expansion, or a new line of service. Regular reviews help ensure that your coverage and strategies stay aligned with your evolving needs.

  • Do you work with insurance providers directly?

    Yes. We can review and coordinate your policies with carriers or brokers to make sure you have the right mix of coverage. As independent advisors, our goal is not to sell insurance but to ensure that what you have truly protects your business.

  • Is risk management only for large companies?

    Not at all. In fact, smaller businesses are often more vulnerable to unexpected events because they have fewer financial buffers. We tailor strategies that make sense for your scale and budget, providing affordable ways to strengthen your resilience.

  • How does business risk management tie into other services?

    It connects directly to areas like cash management, succession planning, and key person insurance. A comprehensive plan considers how each part of your financial picture interacts, helping you protect assets, maintain cash flow, and plan for continuity.