Airmic has released a step-by-step guide to managing reputational risk and laid the foundations for increased insurance cover for losses incurred as a result of reputational damage.
The campaign to put risk management and insurance firmly on boardroom agendas has made significant advances over the past 12 months, according Airmic chief executive, John Hurrell.
Policyholders should be willing to pay higher insurance premiums for contract certainty, according to an Airmic report on the importance of business-critical insurance launched at its annual conference.
Businesses should consider appointing an executive risk leader to navigate today’s increasingly complex world, or risk leaving their company exposed to the next big crisis, according to Airmic and other leading business organisations.
