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Showing posts with the label internal v. external risk management

Developing a Framework for Managing Legal Risks Within Your Business

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OVERVIEW Every business faces legal risks and claims every day. Identifying, assessing and mitigating those risks will help avoid potential litigation and other claims that could ruin your well-earned reputation, resulting in significant costs and expenses, and even substantial fines or imprisonment. WHY SHOULD YOU ATTEND From slip-and-falls to disgruntled employees to product liability claims, businesses can be vulnerable to claims for compensation. At the least, severe reputational loss can occur even where the claim may be unfounded. This course will help your business to prepare for the worst,  by identifying areas where it may be prone to risks and claims. Preparing a matrix of relevant risks, identifying measures to controls and mitigate those risks, and selecting remedial measures can be of great benefit. By preparing for those circumstances, your business can take proactive steps to avoid problems and concentrate on what is most important to your firm’s object...