Types of Risk
No business is without risks. The key to running a business successfully is understanding the importance of preventing, minimizing or eliminating imminent risks to prevent losses and damages. This would create more success for the business if executed properly.
The types of risk allow the business to determine the significance of risks to the business and decide to accept the specific risk or take action to prevent or minimize it. A Risk Questionnaire is provided to the business to help determine the risk level. Download the sample here.
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