Knowing the key risks and trends behind such events is invaluable for the savvy risk professional aiming to protect their business and their balance sheet.
Cyber events are no longer just about data encryption; medical facilities must be aware of the interconnected risks at play that could leave them open to larger liability claims.
With a rising loss trend and hardening market, risk managers seeking solutions for higher-hazard exposures have the deck stacked against them. They need liability insurers with specialized expertise and a comprehensive view of risk.
From securities litigation down to adoption of ESG efforts, how professional lines embrace the post-pandemic world will require an added review of potential risk.
Alternate risk transfer vehicles are getting more attention these days in workers’ compensation, given how much the pandemic pressured some business models.
For a low frequency, high severity peril like earthquake, businesses need to know their risk management plans before a single pebble falls out of place.