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Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

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Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Risk management attempts to control future threats by planning preemptively and deploying effective risk-control measures.

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Should You Revisit Insured Property Value Estimates?

Risk Management Monitor

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. On the other hand, performing an appraisal (which insurers typically consider the “gold standard”) can provide much-needed accuracy and thoroughness, but will require a greater commitment of time and resources.

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Tips for Managing Third-Party Risk in Health Care

Reciprocity

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et. Access to PII.

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How Business Continuity Provides Value to A Business

Erwood Group

The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance. In some cases, we have seen providers work closely with the client to further mitigate risk by providing additional assistance and suggestions. Let’s look at each of these and others in more detail.

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Increased Resilience – The Missing Strategy

Plan B Consulting

Insurance – using insurance to cover any losses 6. In cement manufacturing, refining and chemical manufacturers the production is done in huge very expensive sites, and you try and run your sites at 100% capacity. Insuring any network connectivity or utilities into site are duelled 6. Installing a standby generator 5.

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Increased Resilience – The Missing Strategy

Plan B Consulting

Insurance – using insurance to cover any losses. In cement manufacturing, refining and chemical manufacturers the production is done in huge very expensive sites, and you try and run your sites at 100% capacity. Insuring any network connectivity or utilities into site are duelled. Installing a standby generator.