Note: The Risk Matrix is produced by the Risk and Insurance® editorial team. Liberty Mutual Insurance is the presenting sponsor and has no responsibility for the content.
frequency
impact
Commercial Auto
With continued supply chain delays, fleet maintenance has felt the pressure as wait times for replacement parts keep vehicles out of commission longer. Additionally, rising inflation is driving up repair costs.
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impact
Property
Cyber
General Liability, Lead & Excess
Commercial Auto
Workers' Comp
Healthcare and Medical Malpractice
Political Risk
frequency
Material cost inflation, supply chain delays, and labor scarcity are increasing property repair and replacement times and costs. Maintaining current property valuations and assessing full business interruption exposure can help reduce the risk of being underinsured.
Property
High impact
Low frequency
Low impact
High frequency
D&O
Employment Practices Liability
Surety
Note: The Risk Matrix is produced by the Risk and Insurance® editorial team. Liberty Mutual Insurance is the presenting sponsor and has no responsibility for the content.
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Material cost inflation, supply chain
delays, and labor scarcity are increasing property repair and replacement times and costs. Maintaining current property valuations and assessing full business interruption exposure can help reduce the risk of being underinsured.
Property
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Wage and medical cost inflation are
driving up workers compensation costs. Understaffing due to labor shortages or layoffs in a recession also place increased strain on existing employees, especially low tenured employees, heightening safety risks.
Workers'
Comp
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Economic pressures in a recession
create the perfect environment for cybercriminals. Short-staffed businesses are vulnerable and may see a jump in data breaches and ransomware attacks. As businesses look to increase efficiency via technology and thirdparty software applications, these tools may present increased cyber vulnerabilities.
Cyber
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Liability lines are being impacted by
wage, medical, and material cost inflation, driving up damage claims. Having strong safety policies and maintenance procedures can help protect your business and mitigate rising costs.
General Liability, Lead & Exces
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The healthcare industry faces many financial and operational challenges including rising costs of labor, drugs, and supplies. Medical errors may rise due to short staffing, increased reliance on contract traveling nursing staff, and clinician burnout.
Healthcare
and Medical Malpractice
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The Russia-Ukraine war, a continued
pandemic and more — political risks and their impact on global economic trends have stalled operations and increased financial losses for businesses.
Political
Risk
Economic volatility presents
challenges in forecasting and business planning. Directors and officers could face potential mismanagement or misrepresentation claims by investors and creditors due to financial underperformance or bankruptcy.
D&O
Mass layoffs as a result of an economic downturn can give rise to an uptick in claims for wrongful termination and discrimination.
Employment Practices Liability
Rising interest rates can affect
investment in construction projects and financial volatility can increase project cancellation risks. The Federal Reserve raised rates seven times in 2022, bringing the target range to 4.25%-4.50%.
Surety
Persistent market volatility on top of the disruptions caused by the pandemic are increasing the risk of financial losses and customer nonpayment. The International Monetary Fund lowered its growth projections three times in 2022, expecting a $4 trillion drop in growth through 2026.
Trade
Credit
Trade Credit
Low impact
Low frequency
With continued supply chain delays, fleet maintenance has felt the pressure as wait times for replacement parts keep vehicles out of commission longer. Additionally, rising inflation is driving up repair costs.
Commercial Auto
High impact
High frequency
Learn More
Wage and medical cost inflation are driving up workers compensation costs. Understaffing due to labor shortages or layoffs in a recession also place increased strain on existing employees, especially low tenured employees, heightening safety risks.
Workers’ Comp
High impact
High frequency
Learn More
Economic pressures in a recession create the perfect environment for cybercriminals. Short-staffed businesses are vulnerable and may see a jump in data breaches and ransomware attacks. As businesses look to increase efficiency via technology and thirdparty software applications, these tools may present increased cyber vulnerabilities.
Cyber
Learn More
Liability lines are being impacted by wage, medical, and material cost inflation, driving up damage claims. Having strong safety policies and maintenance procedures can help protect your business and mitigate rising costs.
General Liability, Lead & Excess
High impact
Low frequency
Learn More
The healthcare industry faces many financial and operational challenges including rising costs of labor, drugs, and supplies. Medical errors may rise due to short staffing, increased reliance on contract traveling nursing staff, and clinician burnout.
Healthcare and Medical Malpractice
High impact
High frequency
Economic volatility presents challenges in forecasting and business planning. Directors and officers could face potential mismanagement or misrepresentation claims by investors and creditors due to financial underperformance or bankruptcy.
D&O
Low impact
Low frequency
Learn More
The Russia-Ukraine war, a continued pandemic and more — political risks and their impact on global economic trends have stalled operations and increased financial losses for businesses.
Political Risk
Low impact
Low frequency
Mass layoffs as a result of an economic downturn can give rise to an uptick in claims for wrongful termination and discrimination.
Employment Practices Liability
Rising interest rates can affect investment in construction projects and financial volatility can increase project cancellation risks. The Federal Reserve raised rates seven times in 2022, bringing the target range to 4.25%-4.50%.
Surety
Low impact
High frequency
Persistent market volatility on top of the disruptions caused by the pandemic are increasing the risk of financial losses and customer nonpayment. The International Monetary Fund lowered its growth projections three times in 2022, expecting a $4 trillion drop in growth through 2026.
Trade Credit
Low impact
High frequency