November 11, 2021

Gallagher Risk Insights — Edition 20

Welcome to the latest issue of our newsletter. As we head into winter, businesses continue to face challenges from supply chain issues, inclement weather and the ongoing presence of COVID-19.

In this edition of our newsletter, we explore these issues and how you can protect your business and manage the risks from these threats. Visit our Gallagher News and Insights page for more updates and articles.

How the insurance sector can help supply chain risks?

One of the latest risks facing UK businesses are supply chain issues. Broken links in the supply chain can lead to severe disruption and is a risk generally only partially protected by traditional insurance products. The impact of supply chain disruption can cause much more than a temporary financial loss to a business. If an organisation cannot maintain its supply of raw materials or critical component parts, in the wake of a disruptive event it could have a significant and long-term impact on revenues, profits, market position, reputation, or a reduction in investor confidence. In this article, we explore the issues businesses are currently experiencing and what they can do to manage the problems arising from them. Read more.

Flood risk management; the invisible flood defence

The Environment Agency estimates that 1 in 6 properties in England is at risk of flooding, including 236,000 commercial properties. To what extent would you be able to carry out business as usual in the event of a flood? While we can’t hold back the elements, in this article, we explore the steps you can take to minimise the risk and impact of flooding including signing up for flood alerts and how we support businesses like yours. Read more.

Live events reinsurance scheme

The live events industry is beginning to see a come-back over the last few months. With COVID-19 still presenting a challenge to the
sector, organisers for events of every scale are presented with a dilemma between planning in advance and responding to changing government guidance on gatherings. Take a look at how the Governments’ recently announced Live Events Reinsurance Scheme provides support in the event of cancellations. Read more.

Discover CORE360®

The Gallagher CORE360® risk and insurance audit helps identify your vulnerabilities today and your potential exposures tomorrow.

Giving you back control. Giving your organisation the confidence to make the right decisions. Putting risk management and cost certainty at the heart of your strategic growth. Find out more and arrange your complimentary audit.

We hope that you find the articles of interest, please do get in touch if you require any further guidance or advice.

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