Ignore Third Party Risk at your own Peril

Third party risks impact your business every time you sign a contract or engage with third party partners.  Without a robust process for determining what risks to accept, what risks to transfer, and a mechanism for tracking and compliance, you have the potential for disputes and unintended financial consequences.  Modern processes and technology that can improve third party risk management, now incorporate machine learning and automated tracking of Certificates of Insurance.  Sharon Fox, Director of Business Development at TrustLayer and Justin Voerster, AVP at Kraus-Anderson Insurance, join us this month to describe the risks, challenges, and solutions.