The time to take action is now. Organisations must move from planning to response.
It is important to take a People-First approach by listening to employees' concerns to ease anxiety and preparing to amend policies and plans based on evolving advice from governments and health officials.
While most firms plan for emergency situations that impact business continuity, the COVID-19 pandemic has caught many off guard. Marsh has been helping clients prepare for and respond to the outbreak to protect their people, business operations, and reputation.
Key questions to ask:
- Do you know what needs to be done now to protect your people and business interests?
- Do you know how your organisation might be impacted in the near and medium term?
- Do you have confidence in your plans to be able to respond and quickly recover?
- How long can your people and systems cope under these extraordinary circumstances?
- Does your insurance provide any cover for this crisis?
Economic distress dominates companies’ top concerns, yet leaders must act now to address the knock-on effect of far-reaching environmental, societal, and technological risks.
As COVID-19 continues to affect how we all do business and interact socially, we want you to know that we’re here for you. Our priority is the safety and health of our clients, colleagues and communities.
As people opt to work from home during the current COVID-19 pandemic, Marsh Risk Consulting has created the below list of security tips to help aid in a secure working environment.
Hundreds of cases of the coronavirus have been reported and the World Health Organization (WHO) is considering the outbreak "a high risk, regionally and globally."
Millions of people who have never worked from home are now doing so because of the pandemic. A few small changes to their home work environments can help create more comfortable, safe, and productive telecommuting experiences.
The coronavirus (COVID-19) outbreak has fundamentally challenged ways of working and has created an enormous demand for better remote meeting and virtual collaboration.
As the COVID-19 outbreak continues to spread around the world, uncertainty is growing among people; not only does the virus seem to evolve, public opinion about the outbreak shifts rapidly amidst the spread of unverified news.
Investing in employee wellness makes business sense. With the coronavirus (COVID-19) threat in all countries, particular attention is needed.
In the face of this risk, it’s important that businesses take steps to plan for and protect against the potential implications for revenues, operations, customers, vendors and, especially, employees.
Significant change has occurred in many countries' economic, political, and security risks, reflecting COVID-19's impact on countries, businesses, and people.
Many construction sites could be forced to close or have their work slowed. It is vital that companies respond without delay to reduce the potential for significant consequences later on.
As the COVID-19 pandemic impacts people and economies, it raises coverage, claims, and risk management issues for businesses and insurers. Explore what is top of mind for both.
Risk professionals, with their insurance advisors, should review policy language to refresh awareness of what is/is not covered, to ensure that coverage will be triggered in the event of a loss.
While you may have planned for emergency situations that could impact your operations, you may not be fully prepared for COVID-19's prolonged effects on staff welfare, operations, supply chains and the broader economy.
The novel coronavirus (2019-nCoV) and other disease outbreaks pose social and economic risks that businesses can address through appropriate risk transfer and mitigation strategies.
The COVID-19 outbreak and efforts to contain its spread are disrupting economic activity - what are the implications for the trade credit and surety insurance markets?
The spread of coronavirus and its impact on global oil prices will have implications on the marine insurance market.
The rapidly evolving COVID-19 pandemic has prompted governments and businesses to take extraordinary steps to help slow the spread of the virus and keep people safe.
The societal and work adaptations since the Middle East and North Africa went into COVID-19 lockdown have been challenging. The question now facing organisations and individuals is: are they ready for what comes next?
Kindness is the theme for this year’s Mental Health Awareness Week, which is taking place this week, and it’s worth bearing in mind that kindness brings huge business benefits, too.
Cyber policies offer incident response services that can help in the COVID-19 risk environment. Underwriters also have new concerns to be aware of for renewal discussions.
Maintaining liquidity can act as a bridge until economic activity improves, and a number of insurance and risk management strategies can enable that process.
COVID-19 is creating opportunities outside of the traditional 9-to-5 that so many skilled workers are a fit for but haven’t been able to take advantage of because of their circumstances.
We are here for you
As COVID-19 continues to affect how we all do business and interact with one another, we are committed to continue to deliver timely and relevant information to our clients and broader community. If you have any questions or would like to have a conversation about the impact coronavirus is having on your business, please reach out to your Marsh representative, or email us here.
You can also follow us on LinkedIn to stay abreast on our latest updates.