Mid-Sized Company Risk Report
There’s a theory that middle children often get the least attention from parents, who often focus on the eldest sibling and coddle the baby of the family. Much like children in the middle, we often see data and insights focused on Fortune 500 companies or small businesses.
From Manufacturing to Technology companies, Retailers, Finance businesses and Healthcare organizations, mid-sized companies make incredible contributions to our economy. In fact, this segment, with revenues of between $200 million and $3 billion were among the fastest-growing sectors in the U.S.
In an increasingly volatile world, mid-sized companies need to be more cognizant than ever about their risks and we thought it was important to focus on their unique concerns. Predicting, preparing and protecting against emerging risks can make the difference in a company’s ability to be successful and resilient over the long term.
The Mid-Sized Company Risk Report presented by QBE North America and the Association for Corporate Growth shows over half (58%) of mid-sized businesses have unmet needs related to
reducing risk exposure with coverage for digital assets and pandemics most often cited.
Despite 2020’s unique business landscape, many companies also remain worried about general business risks citing concerns around financial risks, digital assets, litigation and talent and culture.
The report also captures a number of worries tied to the current environment including pandemic risks, social unrest and climate concerns.
What are your most concerning macro business risks?
To learn more about QBE North America, please visit their website.