The Essentials of Contractual Risk Transfer
Contractual risk transfer is the ability to move a risk/loss from one party to another through the language written in ...
Posts about Risk Management & Compliance:
Vendor Screening: Know Who You're Working With
Vendor screening can help reduce your liability when taking on third-party subcontractors. Depending on your industry, ...
Signs a Certificate of Insurance Might Be Forged
You may be able to identify a forged certificate of insurance through telltale signs such as missing contact ...
What Is Commercial General Liability?
Commercial general liability (CGL) is a type of insurance coverage that protects a business from risks such as bodily ...
Claims-Made Vs. Occurrence Policies: What Coverage Is Right For You?
Claims-made covers incidents within the policy, needing 'tail' for extended protection, while occurrence offers ...
How to Ensure Vendor Compliance
Vendor compliance involves ensuring third parties fulfill all expectations in the partnership via risk assessments, ...
Self-Insured Retention & Commercial General Liability Policies
When CGL policies are subject to self-insured retention, insurers only cover a claim after insureds pay a fee—which ...
What Is Vendor Compliance Software?
Vendor compliance software is an integrated platform enabling businesses to communicate with, hire, and track ...
Contract Management & Contract Review
While contract review involves analyzing an agreement to ensure it meets stakeholder needs and expectations, it is just ...
Best Practices for Third-Party Risk Management
Best practices for third-party risk management include investing in a cloud-based vendor management software, hiring ...