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Factors that increase Key Person Risk
Management of Key Person Risk is crucial for any business.
Documentation
Great businesses, amongst many other traits, are recognised as having a robust set of systems and procedures. These documented procedures allow the business to consistently operate regardless of who is working in the business. As mentioned in previous slides, your business is relying on key people at all levels. But what happens when they aren’t there? When they are unwell or on holidays or they leave your business. You will experience a time of disruption. KPRS has supported clients by eliminating these risks, by providing support to these key people, thereby sharing the workload and the risk, but also documenting key processes along the way so that you have well documented systems and procedures at all levels of your business.