How to Offload Your Risk to a Third Party
Risk transference is one of the four main strategies organizations can use to mitigate risk. It’s a powerful tool, but one that must be used with care to avoid unpleasant surprises. Related […]
Risk Limitation – Real World Examples
In recent blogs we have discussed various aspects of risk mitigation, including risk acceptance, risk avoidance, risk limitation, and risk transference. This week’s blog will focus primarily on the area of risk […]
Risk Transference – Let Someone Else Handle the Heavy Lifting
Depending on your organization’s resources and size, using risk transference to mitigate your risk may be a good option. In a recent blog we discussed the acceptance of risk. When accepting risk is not […]