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Staying Prepared for an Approaching Storm

Disaster Recovery

Purchase insurance for your property, including coverage that protects against flood damage. Have accredited animal authorities inspect the premises for stray animals, venomous snakes and so on. Claim insurance for damage to your residence. Pre-Storm Preparation. Test the working of generators with sufficient loads.

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IRM, ERM, and GRC: Is There a Difference?

Reciprocity

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk).