Even businesses with the best-laid strategic and tactical plans are likely to have their operations impacted by an unforeseeable and challenging world event such as COVID-19—which has prompted responsive, dramatic, and sometimes hurriedly made changes to business operations, as well as uncertainty about the future.
One definite certainty in any crisis — and a safeguard for the future — is the need to mitigate the potential risks that arise from rapid changes in business practices and procedures.
Your insurance agent or broker can provide valuable insights when assessing and managing these risks; here are three key areas you’ll want to review.
Changes in where, if, and how employees work can impact business exposures.
Shuttered Buildings and Operations
If you have shut down your building or equipment, make sure you have taken the appropriate defensive measures.
Supply Change Management and Operational Repurposing
Changes in how you’re conducting business and using your operations and facilities can necessitate changes to your insurance policies and risk management program.
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