There is a diverse range of specific operational risks. They are often less visible than other risks and are often difficult to highlight precisely. Operational risks range from the very small, for example, the risk of loss due to minor human mistakes, to the very large, such as the risk of bankruptcy due to serious fraud. Operational risk can occur at every level in an organisation. The type of risks associated with business and operation risk relate to:

• business interruption

• errors or omissions by employees

• product failure

• health and safety

• failure of IT systems

• fraud

• loss of key people

• litigation

• loss of suppliers

Operational risks are generally within the control of the organisation through risk assessment and risk management practices, including internal control and insurance.

We can work with you and support you to ensure your risks are understood and being managed adequately or help you identify risks that you are not aware of. 

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