Tag: Risk Management

This article is part of an ongoing series published by CBM’s accounting and advisory group. Click here to learn more about how the group’s consultative approach to serving for- and not-for-profits can help grow your business. In today’s fast-paced and uncertain financial environment, financial risk management is a crucial discipline that can mean the difference between success and failure. Financial risks can come in various forms, from market fluctuations to unexpected crises. Organizations should always be well-prepared to identify and… Read more ›

Automotive dealerships are no strangers to strict measures surrounding customer data security. They have been complying with the Gramm-Leach-Bliley Act’s (GLBA) Safeguards Rule for more than 20 years. But the Federal Trade Commission (FTC) amended the 2003 Safeguards Rule on October 27, 2021, to require additional controls for existing security compliance processes to better combat increased data breaches and online security risks. While the revised rule took effect on January 10, 2022, certain requirements, such as the appointment of a… Read more ›

  Builder’s risk insurance provides protection for a structure that is damaged during construction. These policies are usually broad. In fact, the coverage is generally extensive enough to include construction equipment and machinery, as well as materials, fixtures and appliances – all vital parts of a completed structure. It can also cover temporary structures, such as office trailers, on a project site. If a loss occurs, the insurance company will pay to repair the damaged property. However, keep in mind… Read more ›