Having weathered the initial impact, organisations will find themselves responding to a changed business environment. Protracted periods of social distancing and remote working will challenge all businesses in all industries, but in very different ways. Risk appetite and tolerance of organisations will change in the short term and possibly for some time to come.
In order to be able to respond effectively, organisations should engage in the following activities:
- Online pandemic response assessment
- Colleague safety and guidance
- Property safety and guidance
- Insurance Management
- Claims reporting
- Business resilience
- Cyber Implications
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.
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.
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