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Manage Risks

Consider the following:

 

  • If your subcontractor fails to deliver and you can’t meet your contractual obligations, you could be on the hook for breach of contract.
  • If your network isn’t backed up or your customer data isn’t mirrored, interruptions could be long and costly.
  • Your directors and officers agree to be acquired, but disgruntled minority shareholders disagree with the price and take legal action.
  • A programmer accidently deletes important data files and delays project delivery. Your company could suffer significant loss of revenue from missing a milestone.
  • If a cyber attack on your network leads to the theft of personally identifiable information, the costs of a data breach could be substantial.
  • If one of your trusted employee defrauds your company, losses could reach hundreds of thousands of dollars.
  • If your company restructures its workforce and gets hit with employee claims of discrimination, the financial impact could be costly.
  • You operate in a highly collaborative environment and your employees travel often and work long hours. Could you be at higher risk for allegations of sexual harassment?