Is Insurance Really Enough in Today’s Unpredictable World?
In this dynamic threat environment, organisations are confronted with new challenges to keep their people safe every day.
Insurance is essential in managing the financial impact during a crisis or an incident. However, it does not cover the required time and effort spent on managing the situation, and most importantly, insurance does not prevent incidents from happening in the first instance.
If a business trip or assignment is interrupted because of an illness, injury or a security incident, it could end up being costly to your company, not just due to immediate expenses incurred, but in lost business opportunities, impact to organisational reputation and employees losing their trust in your health and safety practices.
How are you ensuring your people understand the risks they face before heading off on their trip or assignment? Following an unexpected event, how can you act quickly to minimise the impact on your people and your business continuity, whilst providing targeted support where it is needed the most?
All-encompassing workforce risk management programmes focusing on proactivity, preparation and planning allow you to reduce the likelihood and cost of business disruptions due to health or security incidents, whilst upholding your Duty of Care responsibilities to your people.
of calls from clients working jointly with International SOS and their insurer were resolved with no additional costs*
anticipate risks to their travellers to increase or stay the same in 2022**
*Based on an analysis of 8,550 joint cases with Chubb over a period of three years
**Based on findings from a survey of c. 1,000 risk professionals across 75 countries, carried out by Ipsos MORI.