More than ever before, organisations are aware of the potential financial impact of a cyber-attack. Many wrongfully assume that the steep, monetary burden of a cyber-attack (exacerbated by new, higher fines under the GDPR) is exclusively tied to damaged digital assets, lost records, and the price of investigating and reporting …
Today’s evolving risk landscape contains a wide range of intangible threats – cyber-attacks, broken supply chains and the mental health of your employees, to name a few – that all have the potential to cause noticeable business interruption within your organisation. In fact, recent research found that 20 per cent …
Faith-based organisations face several exposures because doors to their facilities often remain open for long periods of time, and people are constantly entering and exiting the premises. To make hazard assessment more complicated, people representing these organisations often congregate in locations other than their main facility. This article looks specifically …
Not only is technology all around us, now it is a part of us. Wearable technology – devices worn by consumers that are designed to synch with mobile devices and include tracking information related to health and fitness – promises to revolutionise the way we do business. But do not …
Theft is a serious concern for any organisation, regardless of size or industry. What’s more, recent research revealed that theft against businesses is on the rise. In fact, the Crime Survey for England and Wales discovered an 8 per cent increase in theft offences between 2017 and 2018 – totally …
As flames engulfed the Notre-Dame de Paris Cathedral this past April, such a tragedy emphasised the grim reality that no building is immune to the costly consequences of a fire. Review these lessons learned from past fire disasters to ensure your organisation is practising proper fire prevention and mitigation methods: …
If you lease office equipment, such as printers, photocopiers, printers, computers or franking machines, we recommend you take time to check that you are not paying the leasing company’s expensive insurance premiums as part of your monthly payment. These additional costs are usually hidden in the small print, so take a …
Continuing our underinsurance theme, this week we look at the supply chain. While many organisations combat the risk of purchasing robust cover to protect against disasters that could take place within their own establishment (e.g. fire or flood), underinsurance is a risk that runs beyond your company’s walls – your …
Your business is your lifeblood, and as new opportunities allow you to grow, you should do everything you can to protect it. Yet, many businesses, regardless of industry, are risking their own survival by unwittingly remaining underinsured. You may only find out that your business is underinsured when you experience …
Robust risk management practices can help to protect your business from a range of potential disasters, but it can be increasingly difficult to prepare for the worst in an unpredictable market. In the midst of political uncertainty regarding Brexit, rising adverse weather instances at the hands of climate change, a …
