Over the past few weeks I’ve posted about different ways of managing risk within an organization. The first week was about concepts and strategies around prevention. Last week the topic was about how to mitigate or minimize a loss after an adverse situation occurs. This week, I will discuss ways of transferring risk away from your organization. What do I mean by transferring risk? How do we take a risk that poses a threat to your company and transfer it to another company, vehicle or entity? EXAMPLE #1 – A strong certificate management plan. Insuring that each subcontractor or independent … Continue reading
Sign up for our quarterly newsletter to keep up to date with the latest news, announcements, and for an inside look of the VAST Blue Culture!