Threats highlight growing need for regulation and proactive resilience strategies
In a survey involving 1,000 US business owners, Gallagher found widespread concern about external risks affecting operations over the next year.
The survey reported that 72% of respondents are concerned about cyberattacks, 69% about supply chain disruptions, and 69% about severe weather events.
Nearly 87% of U.S. business owners with insurance coverage filed a claim in 2024. Among these, 73% had claims of $25,000 or more. The claims most frequently fell under property (29%), employment practices liability (28%), cyber (27%), and flood (27%) insurance policies.
Gallagher’s analysis also indicated a rise in business interruption risks linked to inflationary pressures and increased incidents of cargo theft. These developments have created additional …