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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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Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.)

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Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). . non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.)

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Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services. 22 Articles.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. The implementation of a Business Continuity Management (BCM) Program can be a complicated and lengthy process, which directly depends on the organization's size and complexity.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Section 2 - Business Continuity Management (BCM) Program Implementation. Section 7 - IT Disaster Recovery Plan. Section 9 - BCM Program Maintenance. 9 – BCM Program Maintenance.