What characteristic might a non-insurance contract review reveal?

A non-insurance contract review is a crucial step in identifying how effectively risks are managed through the terms and conditions outlined in various agreements. When conducting such a review, one characteristic that often emerges is the presence of gaps in the risk management plan. These gaps may encompass a lack of provisions that address potential risks, inadequate terms for liability, or omissions that could expose the organization to unforeseen liabilities.

Understanding these gaps is vital as they can lead to vulnerabilities if not addressed. For instance, if a contract does not specify the responsibilities of each party clearly, or fails to account for particular risks, it may leave an organization susceptible to unexpected issues. Identifying these shortcomings enables organizations to enhance their risk management strategies, ensuring they are better protected against potential claims and liabilities.

Other options, while they may reflect aspects of contract reviews, do not represent the most pertinent characteristic that a non-insurance contract review would uncover. Therefore, the focus on identifying gaps in the risk management plan aligns well with the objectives of ensuring comprehensive risk assessment and management in contractual agreements.