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Effective 07/2019-Page 1 of 2 Questions about this form? Contact Risk Management Email: WCclaim@uchicago.eduWORKERS\' COMPENSATION RIGHTS AND RESPONSIBILITIES As required by Illinois state law, the
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How to fill out contact risk management

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How to fill out contact risk management

01
To fill out contact risk management, follow the steps below:
02
- Identify the potential risks associated with contacts
03
- Assess the likelihood of these risks occurring
04
- Evaluate the potential impact or consequences of these risks
05
- Devise risk mitigation strategies
06
- Implement the risk mitigation strategies
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- Monitor and review the effectiveness of the strategies
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- Update the contact risk management plan as needed
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- Communicate the plan to relevant stakeholders

Who needs contact risk management?

01
Contact risk management is beneficial for organizations or individuals who regularly interact or engage with contacts, such as:
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- Businesses or companies that rely on external vendors, suppliers, or contractors
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- Project managers overseeing projects that involve multiple stakeholders
04
- Event organizers or coordinators managing attendees and participants
05
- Healthcare providers or facilities that have patient interactions
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- Any individual or organization that wants to proactively manage and mitigate potential risks associated with their contacts
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Contact risk management is the process of identifying, assessing, and mitigating risks associated with the contact and interaction between individuals or organizations in various contexts, including business and compliance.
Entities that engage in activities that involve potential contact risks, such as organizations in regulated industries, are typically required to file contact risk management documentation.
Filling out contact risk management typically involves completing a standardized form that includes identifying contacts, assessing associated risks, and providing mitigation strategies, along with any necessary supporting documentation.
The purpose of contact risk management is to minimize potential liabilities, ensure compliance with legal and regulatory requirements, and protect the reputation and interests of involved parties.
Information reported on contact risk management usually includes the nature of the contact, associated risks, mitigation actions, and details about the parties involved.
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