Cyber risk on the rise, but watch out for forgotten risks
In recent years, the concept of corporate risk has evolved. Businesses are increasingly aware of cyber security threats, partly due to the exponential increase in cyber attacks documented in the media. Today, protecting data and digital infrastructure is no longer an option, it is a concrete priority.
And that is a positive sign. However, just as the focus shifts, rightly so, to the digital dimension, we realise that some fundamental risks are slipping down the priority ladder. We are talking in particular about civil liability and natural events.We often think that a flood, a landslide or a storm are rare and distant events. But recent chronicles have reminded us of the opposite: just think of what happened in Valle Maggia or Mesolcina, where the violence of nature put entire communities and businesses to the test. Climate change makes these phenomena more frequent, less predictable and often more intense. And the consequences, if not adequately covered, can seriously jeopardise a company's business continuity.
The issue of liability is also often perceived as secondary. In reality, it is one of the most critical covers for anyone operating in the market.
A mistake, an unintentional damage, an accident can trigger high claims and jeopardise the financial stability of a company. What is more, liability today touches on increasingly complex areas, from environmental protection to product liability and reputational aspects.
Risk cannot be eliminated, but it can be distributed, understood and strategically addressed.
That is why it is important not to be guided only by the emergencies of the moment, but to build a balanced cover that takes into account real and not only perceived vulnerabilities.
At ARES Insurance Services, we support companies and professionals with a comprehensive view:
- Cyber risk, because digital is everywhere
- Personal lines, to protect human capital
- Civil liability, to protect your role
- Natural events, so as not to be caught unprepared