Personnel risk

{
  "id": "MLC-T-INS-002567",
  "term": "Personnel risk",
  "field": "Insurance and risk management",
  "definition": "The potential for financial loss to an organization resulting from the actions or inactions of its employees, contractors, or executives. This category of operational risk includes losses from human error, internal fraud, theft, sabotage, or the loss of key individuals with specialized knowledge. Mitigation strategies include background checks, internal controls, succession planning, and the purchase of fidelity bonds or key person insurance.",
  "url": "https://mlchart.com/terminology/insurance/personnel-risk/"
}