The most important issue is to identify what could go wrong in your specific industry. Political Risk, Environmental Exposures... the list is almost endless. When Risk Managers practice Active Retention, like automobile or property deductibles, these are planned as generally accepted by stockholders and ownership. Passive retention, such as an uninsured loss, is not looked upon lightly by stockholders or ownership.
People are the number one resource in every organization, so planning a company's future means taking into account the needs and expectations of the people at your company. However, after you really understand your organizations culture it is of the utmost importance to build-in financial accountability to all levels of management. From the top to your first- line management team. This is commonly referred to CORA or Cost Of Risk Allocation system.