A wider lens: Understanding your risk profile
10/29/2023
When the pressure is on to reduce spend and balance budgets, forgetting to update or increase insurance, or even cutting coverage, can be seen as a way to achieve cost savings. However, while it may seem cost-effective in the short term to opt for minimal insurance coverage, the long-term consequences of inadequate protection can be financially crippling.
The foundation of any successful insurance programme is a comprehensive understanding of your organisation’s risks to ensure you have the most appropriate risk transfer solutions in place.
The latest chapter in our 'A wider lens' series hones in on the value of understanding your risk profile - from ensuring you're not underinsuring your assets, or even overinsuring them, to the key considerations you must take into account when assessing your profile.
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