Skip to main content

#risk-management

Risk Management

Strategies for identifying and mitigating business risks including insurance

191 postsView all tagsBack to All Posts
11 min read

Regulation S-P in 2026: The Incident-Response, Customer-Notice, and Recordkeeping Checklist for Small RIAs and Broker-Dealers

The SEC's amended Regulation S-P has applied to smaller covered institutions since June 3, 2026, requiring a written incident-response program, customer notice within 30 days of awareness, and 72-hour service-provider breach escalation. A practical checklist for small RIAs, broker-dealers, and transfer agents covering the notice decision, vendor oversight, disposal rules, and the records that prove each step.

Mike Thrift

compliancesecurityincident-response
10 min read

Three-Way Matching for Small Businesses: The Purchase Order, Receipt, and Invoice Control That Stops Duplicate Payments

A three-way match compares the purchase order, receiving record, and supplier invoice before any payment is released, catching duplicate bills, unapproved price increases, and short shipments. This guide shows small businesses how to implement the control with clear ownership, line-level matching, written tolerances, and a practical exception workflow — plus when a two-way match is the better fit.

Mike Thrift

accounts-payablesmall-businessfraud-prevention
12 min read

Build a Business Disaster Inventory Before You Need It: Photos, Fixed-Asset Registers, and the IRS Workbook That Speed Insurance Claims and Tax Relief

How to build a business disaster inventory that proves existence, identity, value, and timing of what you own — fixed-asset registers, dated inventory reports, photo walkthroughs, and offsite records — plus a first-72-hours checklist and how IRS Publication 584-B and Form 4684 handle casualty losses and insurance reimbursements.

Mike Thrift

small-businessinsurancerisk-management
11 min read

GPSR for Online Sellers: A Practical EU Product-Safety and Recall Checklist

The EU General Product Safety Regulation (GPSR) has applied since 13 December 2024, requiring online sellers to keep product information for 10 years and supply-chain traceability records for 6. This checklist covers supply-chain roles, distance-sale listing requirements, complaint registers, a five-step recall playbook, and how to reconcile recall costs in your ledger.

Mike Thrift

compliancee-commercesmall-business
15 min read

AI-Generated Content and Copyright in 2026: What Small Businesses Can Actually Own, Use, and Risk

After a $1.5 billion settlement and a Supreme Court decision reaffirming human authorship, 2026 rulings split AI training from AI output: training can be fair use, but storing pirated copies is not, and publishing outputs that reproduce protected work still risks infringement. This guide shows what small businesses can own, what they risk, and how to keep AI-assisted work defensible and auditable.

Mike Thrift

aicopyrightsmall-business
19 min read

FMCSA's $75,000 Freight Broker Bond Is Finally Enforceable: What the January 2026 Suspension Clock Means for Your Authority

FMCSA's broker financial-responsibility rule took full effect January 16, 2026, adding a seven-business-day cure clock, electronic shortfall notice, and a cash-liquidity standard for BMC-85 trusts. This guide covers the four rule changes and the bookkeeping controls that keep a $75,000 bond available on short notice.

Mike Thrift

truckingcomplianceworking-capital
19 min read

Self-Insured Groups for Workers' Comp: When Pooling Risk Beats a Traditional Policy in 2026

A workers' compensation self-insured group lets similar small employers pool contributions into a shared trust instead of paying premiums — trading a carrier's profit margin for joint and several liability. Covers how SIGs work, the accounting for contributions, dividends, and assessments, and who should stay with a traditional policy.

Mike Thrift

insurancebusiness-insuranceworkplace-safety
Start Free→Documentation