All-Hazards, Insurance and Risk Management - Continuity Professionals Pulse

Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

AUGUST 24, 2023

For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a risk manager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.

Risk Management

Risk Management BCM Management All-Hazards

Getting Started with Enterprise Risk Management

MHA Consulting

MARCH 14, 2024

In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated. ERM is all about reducing. It all comes down to details.

Risk Management

Risk Management Management All-Hazards Mitigation

Risk Management Process- Part 1: Overview

Zerto

APRIL 6, 2023

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.

Risk Management

Risk Management Management Impact Analysis Disaster Recovery

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

Risk Management

Risk Management Management Mitigation Strategic

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Additional important ERM components are risk philosophy or strategy, risk culture, and risk appetite. Two ERM Must-Haves.

Risk Management

Risk Management Management Mitigation Strategic

The Different Types of Risk Assessment Methodologies

Reciprocity

SEPTEMBER 9, 2024

Risk is inherent to all businesses, regardless of your industry. To prevent those risks from causing harm, you must first know what threats you are facing. So the foundation of any successful risk management program is a thorough risk assessment – which can take many forms depending on what methodology best suits your needs.

All-Hazards

All-Hazards Hazard Risk Management Evaluation

Adapt or Fail: Climate Change Resilience for Organizations

everbridge

MARCH 6, 2023

According to research conducted by Verdantix , “more than half of organizations have less than $1 million to respond to catastrophic events, and 41% of participants stated that they had no budget at all for catastrophic events” (Navigating Climate Threats and Proactive Mechanisms to Achieve Business Climate Resilience, November 2022).

Resilience

Resilience Command Center All-Hazards Insurance

5 Best Practices for Effective Claims Reviews

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. Spotting problem areas and opportunities sooner makes it easier to develop and implement steps to reduce risk pre-loss and better control costs post-loss.

Insurance

Insurance Insurance All-Hazards Hazard

Risk Assessment vs Risk Analysis

Reciprocity

APRIL 4, 2022

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. What Is a Risk Assessment? Here are some others: Financial risk. Quality risk.

All-Hazards

All-Hazards Mitigation Risk Management Hazard

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

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM). Are there differences at all? Which is best?

Risk Management

Risk Management Audit Insurance Insurance

Third-Party Due Diligence Best Practices

Reciprocity

OCTOBER 7, 2024

For instance, if a company wants to outsource work or hire a new supplier or vendor, it will do third-party due diligence to determine any risks or possible issues with this new partnership. Making a list of all prospective third parties and assessing their risk is the first step in the third-party due diligence procedure.

Cybersecurity

Cybersecurity Audit All-Hazards Risk Management

Strategies for Digital Risk Protection

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

Mitigation

Mitigation Malware Cybersecurity Media

Unprecedented Wildfires Devastate Canada, Leave Eastern U.S. Blanketed in Smoke

Risk Management Monitor

JUNE 9, 2023

Over 400 fires have caused roughly 10 million acres of burn damage so far, and have blanketed a wide swath of North America in smoke, creating orange skies and toxic levels of air pollution for communities all the way from Canada to the Southeastern United States. There are fires in nearly all of Canada’s provinces.

Disaster Preparedness

Disaster Preparedness Sports All-Hazards Alert

A higher standard of ‘duty of care’ for business travel

everbridge

AUGUST 4, 2023

What are the ways in which you meet specific requirements for protecting business travelers, including security training and preparation, kidnap and ransom insurance, and evacuation protocols? We pull all this information together and provide a recommendation on the appropriate level of security for that individual.

Travel

Travel Command Center All-Hazards Fashion

How to Strengthen Your Safety Program and Cut Workers Compensation Costs

Risk Management Monitor

JULY 26, 2022

Controlling business costs is top-of-mind for organizations of all sizes and can take many forms, from moving the business to a less expensive building in a more economical part of town to cutting advertising costs. During their time together, the veteran employee can discuss safety concerns and identify potential hazards.

All-Hazards

All-Hazards Hazard Advertising Mitigation

Recovery in the Aftermath of a Hurricane

Risk Management Monitor

NOVEMBER 9, 2022

They may be contaminated by agricultural or industrial chemicals, or hazardous agents. It is important to photograph and document all damage and notify your insurance agent as soon as possible. Similarly, avoid wading in floodwaters. Then you can proceed to make temporary repairs to protect the building and its contents.

All-Hazards

All-Hazards Hazard Insurance Insurance

5 Steps To Developing A Corporate Compliance Program

Reciprocity

DECEMBER 19, 2022

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. Compliance programs are not one-size-fits-all. At worst, you’ll have no program at all. Try to find and understand them all.

Audit

Audit All-Hazards Gap Analysis Healthcare

The New Normal

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. All aspects of Business Continuity, including planning, training, stress testing and exercising of Business Continuity Plans will be seen as a priority.

BCP

BCP Continuity Planning Business Continuity Pandemic

The New Normal

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. All aspects of Business Continuity, including planning, training, stress testing and exercising of Business Continuity Plans will be seen as a priority.

BCP

BCP Continuity Planning Business Continuity Pandemic

What is Business Continuity?

Erwood Group

JULY 7, 2022

It’s also a question that comes up all the time. I like to keep things simple, so the above is the simplest of all the definitions out there. One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. What is Business Continuity. So, what is business continuity anyway?

Business Continuity

Business Continuity Impact Analysis Continuity Planning Communications

Everything You Need to Know About Business Continuity Plans

Erwood Group

JULY 12, 2022

For small businesses, it is common to have just one all-encompassing plan. One important thing to know is that the Business Continuity Plan should contain all the information required to implement the processes and strategies to perform the business functions contained in the plan. Insurance Contact Information.

Continuity Planning

Continuity Planning Business Continuity BCP Disaster Recovery

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

JUNE 3, 2020

Business Continuity Planning Guide for Smaller Organizations Last Updated on June 4, 2020 by Alex Jankovic Reading Time: 26 minutes We all live in an unpredictable world. We are faced with many risks that can disrupt our livelihood and can jeopardize our existence. Business Continuity is not a data backup.

Business Continuity

Business Continuity BCM Impact Analysis BCP

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

JUNE 3, 2020

We all live in an unpredictable world. We are faced with many risks that can disrupt our livelihood and can jeopardize our existence. 3 – Risk Assessment. Business Continuity should be one of the top priorities for all organization leaders, and response plans should be implemented in organizations of all sizes.

Business Continuity

Business Continuity BCM Impact Analysis BCP

Continuity Professionals Pulse

Risk Management as a Career: A Guide for BCM Professionals

Getting Started with Enterprise Risk Management

Trending Sources

Risk Management Process- Part 1: Overview

5 Steps to Implement Enterprise Risk Management (ERM)

5 Steps to Implement Enterprise Risk Management (ERM)

The Different Types of Risk Assessment Methodologies

Adapt or Fail: Climate Change Resilience for Organizations

5 Best Practices for Effective Claims Reviews

Risk Assessment vs Risk Analysis

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

Third-Party Due Diligence Best Practices

Strategies for Digital Risk Protection

Unprecedented Wildfires Devastate Canada, Leave Eastern U.S. Blanketed in Smoke

A higher standard of ‘duty of care’ for business travel

How to Strengthen Your Safety Program and Cut Workers Compensation Costs

Recovery in the Aftermath of a Hurricane

5 Steps To Developing A Corporate Compliance Program

The New Normal

The New Normal

What is Business Continuity?

Everything You Need to Know About Business Continuity Plans

Business Continuity Guide for Smaller Organizations

Business Continuity Guide for Smaller Organizations

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