There are quantitative costs such as insurance premiums but your total loss of costs such as reputation and marketing share due to a recall can be hard to quantify. It is important to understand the total cost of risk in scenarios such as product recall to ensure the your organization is covered financially.
This white paper discusses the following with relation to total cost of risks.
- Coverage for assets:
- Organization.
- Personnel.
- Property.
- Net income.
- Identification of exposures.
- Loss control evaluation.
- Post-loss or cost containment strategies.
- Anti-fraud tactics.
- Implementation of control measures.
- Risk transfer and financing.
- Manage your exposures.
- Cost of risk resources.
Find Out More:
Download our "Manufacturing: Managing Your Total Cost of Risk" white paper to reduce risk to your organization, and the communities it serves.
