Gone are the days when the CFO simply manages the preparation of financial statements for the organization. Now, more than ever, CFOs are responsible for additional operational parts of the organization, including risk management.

This course is a how-to guide for CFOs who are being asked to take control of managing internal risks through risk controls and risk financing. We also explore common insurance terms and commercial insurance policies.

Key topics covered include:

• Practical risk control techniques such as avoidance, prevention, reduction, separation, duplication, and diversification.
• Understanding risk financing through transfer (including insurance and hold harmless agreements) and retention (like self-funding and deductibles).
• Exploring essential insurance policy concepts, including insurable interest, valuation methods, coinsurance, and the standard structure of a policy.
• An overview of common commercial insurance policies vital for many businesses, including Commercial Package Policies (CPP), Business Owners Policies (BOP), Commercial General Liability (CGL), Buildings and Personal Property (BPP), Business Income, Commercial Crime, Equipment Breakdown, and Cyber insurance.

By mastering these concepts, you will gain the ability to assess, select, and implement appropriate risk management techniques and insurance strategies, strengthening your organization's financial resilience and supporting strategic goals.