What does Personnel Risk mean? Read on to discover the definition & meaning of the term Personnel Risk - to help you better understand the language used in insurance policies.
One of several categories of loss exposures facing organizations that may be treated with the risk management process. This exposure encompasses losses arising from the death, injury, disability, or departure of employees. Examples include costs to replace a key employee who has died or becomes disabled and benefits mandated under workers compensation laws. Other categories of loss exposures include direct and indirect property risks and liability risks.
We hope the you have a better understanding of the meaning of Personnel Risk.