The insurance doesn't cover many of the losses finance chiefs think it does, research suggests.
CFOs who lay awake at night worried about risks they may be missing aren't making enough use of their risk managers, says the CFO of a risk management firm.
"A single avoided loss can pay for a lot of professional development."
Jeff Burchill, FM Global's finance chief since 1999, has seen the property insurance industry and the role of CFO mature and gain complexity.
While it's nice to cut supply-chain costs, don't choose a low-cost shipper without considering all cargo-related risks.
