Exposure Summary
Concise description of the hazard or condition, affected assets or processes, likelihood estimate, and a categorical severity rating to enable prioritization during portfolio-level risk reviews.
A Business Exposure Group organizes exposure data to improve transparency, prioritize mitigations, and streamline insurance placement. It reduces ambiguity for stakeholders, supports actuarial and underwriting analysis, and creates an auditable record useful for internal control reviews and regulatory inquiries.
Internal risk managers, finance leaders, and compliance officers prepare and review the Business Exposure Group as part of enterprise risk reporting.
External users include insurance brokers, underwriters, legal counsel, and auditors who rely on the document for assessment.
Concise description of the hazard or condition, affected assets or processes, likelihood estimate, and a categorical severity rating to enable prioritization during portfolio-level risk reviews.
Estimated dollar exposure ranges, probable maximum loss if applicable, and assumptions used in calculations; include currency, period, and confidence intervals for actuarial analysis and historical loss frequency.
Existing preventive and detective controls, control owner, last test date, effectiveness rating, and remediation history; note any compensating controls or technology dependencies and regulatory references.
Designate the accountable executive, operational owner, and secondary contacts with contact details, authority limits, and escalation paths for unresolved exposures including estimated response timelines and SLA expectations.
Planned risk-reduction actions with target completion dates, resource estimates, estimated cost, success criteria, and dependencies; update status on each reporting cycle with owner assigned and budget line.
Attach policy excerpts, insurance certificates, loss runs, inspection reports, contracts, and vendor assurance letters where applicable that substantiate exposure estimates and control effectiveness.
| Form Field Name and Configuration Purpose | Validation, visibility, routing and data capture settings |
|---|---|
| Authentication Method for External Signers | Email link, SMS code, or identity verification |
| Conditional Field Logic and Visibility Rules | Show fields based on prior answers to reduce errors |
| Bulk Send and Template Settings | Enable bulk send, prefill templates for repeat submissions |
| Audit Trail and Retention Policy Configuration | Capture timestamps, IPs, and configurable retention periods |
Use multiple distribution channels—secure email, SSO-enabled portals, or integrated APIs—to deliver the Business Exposure Group for review and signature.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor and plan | Varies by vendor and plan | Varies by vendor and plan | Varies by vendor and plan |
| Bulk Send | Yes (plan dependent) | Yes (plan dependent) | Yes (plan dependent) | Yes (plan dependent) | No (limited options) |
| Audit Trail | Yes, full audit trail | Yes, full audit trail | Yes, full audit trail | Yes, full audit trail | Yes, audit logs |
| HIPAA Compliant | Yes (BAA available) | Yes (BAA available) | Yes (BAA available) | No | No |
Update exposures and status each fiscal quarter before board reporting
Complete full exposure inventory at least 60 days before renewal
Reconcile exposure figures with financial statements during close
Retain and make available records for scheduled audits
Report material incidents within 72 hours to stakeholders
| Document Type | Purpose | Typical Use |
|---|---|---|
| Business Exposure Group | consolidated risk register | portfolio reporting |
| Risk Assessment | probabilistic analysis | technical review |
| Insurance Application | coverage request | broker/insurer submission |
| Incident Report | event record | immediate response |