MHA Consulting
FEBRUARY 16, 2023
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. law enforcement), and your insurance and regulatory communication and notification requirements. Most companies have a pretty good handle on the tactical side of crisis management.
MHA Consulting
AUGUST 24, 2023
They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. The operational areas that risk management is concerned are broad and varied.
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IT Governance BC
JULY 30, 2024
According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. So, for business continuity management [BCM] purposes, it’s better to come at it from the other direction: What processes [business activities] are critical to your organisation?
MHA Consulting
MARCH 23, 2023
FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. For this reason, it is often referred to as the Gold Standard of BCM standards. The Gold Standard FFIEC is the most aggressive standard in the U.S. marketplace.
MHA Consulting
FEBRUARY 15, 2024
Related on MHA Consulting: BCM Software Buyer’s Guide: Five Things to Know Before You Buy Introducing RMIS Recently, we’ve been getting many questions from our consulting clients about whether their organizations should consider investing in an RMIS. Incident Management.
MHA Consulting
FEBRUARY 9, 2023
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.
Plan B Consulting
MARCH 4, 2014
What insurances are in place to cover overseas events? Does your organisation’s insurance cover all likely events? Who has knowledge of the insurance so it can be used at short notice? This could include the local police, the police in the country you operate in, your diplomatic service, insurers and local staff.
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