Remove BCM Remove Disaster Recovery Remove Insurance Remove Risk Reduction
article thumbnail

The Ultimate Guide to Residual Risk  

MHA Consulting

Managing residual risk is similar to deciding how much of a deductible you are willing to accept in buying auto insurance. And in some cases, just as with car insurance, companies might be paying more for risk mitigation than they really need, if they have a relatively high risk tolerance.)

article thumbnail

Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

Section 1: The Scope of Business Continuity Myth 1: Business Continuity is Only About IT Disaster Recovery or DR. Contrary to popular belief, business continuity extends far beyond IT recovery. You can also seek out new clients that require vendors or suppliers to have business continuity and disaster recovery plans in place.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

Second, using the risk maturity model pays. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. There’s nothing better than to go through the different of your company and be able to show how you reduced risk in that area.

article thumbnail

How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

Second, using the risk maturity model pays. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. There’s nothing better than to go through the different of your company and be able to show how you reduced risk in that area.