Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The risk for any organization to face bankruptcy is valid. suggest techniques of which companies can proactively take to mitigate this risk ??

Risk treatment Options as buying business interruption insurance policies can be valid. more options as in diversifying production lines might decrease the likelihood of facing production failures that may lead to bankruptcy. Do you agree and what else would you suggest?

user-image
Question added by Nancy Refai , Health, safety and environmental management Trainer and consultant , Freelancer
Date Posted: 2014/07/25
ALI I.Y RAYYAN
by ALI I.Y RAYYAN , Project Manager , ALAMAL GROUP

·  Be cash-conscious

·  Insure against your specific risks

·  If your business changes, your insurance should, too

·  Insure key people

·  Use contractual indemnification clauses

·  Give yourself an out

 

·  Create separate entities

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

I agree with your answer completely Miss Nancy

Nancy Refai
by Nancy Refai , Health, safety and environmental management Trainer and consultant , Freelancer

Risk treatment Options as buying business interruption insurance policies can be valid. more options as in diversifying production lines might decrease the likelihood of facing production failures that may lead to bankruptcy.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.