Retail and wholesale traders have had to deal with changing environmental as well as geopolitical landscapes. The ongoing pandemic has further exacerbated an industry which is vital to a country’s economy.
Business risks can usually be categorized into 4 quadrants – strategic risk, compliance risk, operational risk, and reputational risk. While the majority of the insurable risks fall under the operational side, others such as compliance and reputational have also added to the risks faced by the Governing Bodies steering the Organisations.
There are many unseen risks emerging with regard to the decisions being taken by the Board of Directors as well as those connected to digital changes being made to the Organisational landscape. ADZIB has a very strong team overseas that they collaborate with handling insurance related to Directors and Officers as well as cyber liability.
