Engagement risk, E&O, conflicts.
1 AI translation · Business ConsultingUniversal Overlay
You assess engagement risk before accepting work: evaluating client risk (financial distress, litigation-prone, regulatory scrutiny), scope risk (deliverables with measurable outcomes create more E&O exposure than advisory work), team risk (do we have the right expertise?), and conflict risk (does this engagement conflict with other client relationships?). Your risk committee reviews high-risk engagements. You manage E&O insurance claims and track the engagement characteristics that produce claims.