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How to Offload Your Risk to a Third Party

MHA Consulting

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

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The New Normal

BCP Builder

Sustained IT or communications system failure’ Depending on the organization I might have a 4th such as with universities I include ‘loss of research’ or ‘loss of xx (product)’ which could be due to logistics, finance, mechanical failure (such as a production line failure). This will surely change.

BCP 52
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The New Normal

BCP Builder

Sustained IT or communications system failure’ Depending on the organization I might have a 4th such as with universities I include ‘loss of research’ or ‘loss of xx (product)’ which could be due to logistics, finance, mechanical failure (such as a production line failure). This will surely change.

BCP 52
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Everything You Need to Know About Business Continuity Plans

Erwood Group

Plan Activation. Insurance Contact Information. Recovery Team Activation. This should also outline the specific activities of the plan including: Detailing the departments and/or functional areas the plan covers and calling out the specific supporting processes that role up into the function. Plan Activation.