What's your bottom line - introducing reputation risk insurance
In a fast changing world, even the best thought out decision may expose your business (and your personal brand) to increased scrutiny. Add in social media, shareholder scrutiny and increasingly complex regulatory and governance requirements and it's easy to understand how one wrong move could lead to a significant impact on your bottom line. Reputation risk insurance solutions provide a safety net to mitigate the effects of an event that could otherwise damage your standing in the market, and with customers.
Digital transformation has brought with it many positive social and economic benefits. At the same time brands are being challenged by the expectation of transparency, further fuelled by social media and online conversation that can positively or engatively impact brand reputation and value within a matter of minutes.
Political risk is also becoming a growing concern for many businesses, especially where that places you at increased risk of a regulatory breach. Staying on top of the detail whilst fully understanding your position can be challenging, that's where a specialist insurance advisor comes in.
For an obligation free conversation with a reputation risk specialist, call us on today on 1800 240 432 or complete the form opposite and we'll be in touch.
What is reputation risk
It is essentially the measure of your exposure to a specific set of risks that could impact your ability to operate as normal should an event trigger a material impact on your reputation.
Aspects of reputation risk
Several business elements can leave your company exposed to the threat of reputational risk:
- Financial irregularities or misconduct
- Environmental concerns
- Product recalls and quality control errors
- Data and security breaches, including cyber attacks
- Associations with external third parties that bring your brand into disrepute
- Legal investigations
- Regulatory breach
- Professional malpractice
- Executive misconduct
- Ethical violations and challenges
Need more information? Let's talk.
To speak with one of our reputation risk advisors, call us on 1800 240 432. Alternatively, complete the form opposite and we'll be in touch at your preferred time.