Wednesday, May 28, 2014

Travelers List the Top Risk Concerns for American Businesses

American businesses of various sizes identified medical cost inflation, legal liabilities and technology risks among their top concerns, according to Travelers' newly released annual Business Risk Index.

Travelers polled more than 1,100 business decision-makers to learn what they believe pose the biggest threats to their business--and, perhaps not surprisingly, many of those polled said the risks they identified as their biggest concerns are also the ones their business is least prepared to address.

“While the new Business Risk Index revealed some typical risks for businesses, it also uncovered some uncertainties that are indicative of the times, including medical cost inflation and technology risks,” said Bill Cunningham, Travelers' executive vice president of business insurance. “Many respondents believe their businesses are least prepared to handle these risks. The good news is that many of these risks can be mitigated and there are resources available to help businesses of any size stay protected.”



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