Thursday, December 27, 2018

Survey of Risk Types

We deal with risk issues all of the time, even if we don't think of them with that label. Here are some worth noting: - Insurable Risks: property, liability, flood, title - Property Management: taking care of a vacant home in a northern climate - Information management, especially GDPR and related issues - Computers: data security, network infrastructure - Political Risk: relocating to a country with some political instability - Economic/market/interest rate: outside forces affect your customers, capital and cash - Loss on Sale: for both the homeowner and the employer post-buyout - Maritime Risk: the inherent risk of moving HHGs on the Seven Seas and briny Oceans - Credit Risk: Can your invoices be paid in timely fashion? - Regulatory: especially in the home sale arena, but also taxation issues abound - Betty Grable Risk: legs, throwing arms, etc (OK, probably not a relocation issue per se) - Legal: are your contracts, SLAs, addenda documented, tracked and enforceable? Each requires attention, at the outset and ongoing. Quantify them where you can and apply at least an ounce of prevention and planning to minimize or avoid. Which have I missed?

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