Risk is everywhere; in your parking lot, on your roof, in your lobby or even on your computer network. The 3rd parties you hire to maintain and repair these areas bring more than their tools onto your property, they also bring risk. Additionally, product suppliers you rely on and tenants you may lease space to also expose you to additional risk which also needs to be appropriately managed.
Organizations must have the proper standards, policies and procedures in place to offset this risk.
Critical documents such as contracts, certificates of insurance (COIs) and W-9’s along with any subsequent amendments, require efficient and effective monitoring by experts.
Failure to do so will expose your business to avoidable risk, unnecessary costs and wasted time.