Medium-sized firms failing to address risk

Many medium-sized businesses are failing to adequately manage risk and ensure that they have sufficient insurance cover.

Mid-corporate businesses are the worst for ensuring adequate insurance cover for their people and assets according to Tom Heward, a director in Grant Thornton’s Claims Solutions Team. He recommends that such firms consider investing in a risk manager or at least ensure that key risk and insurance responsibilities are placed in the hands of one reliable member of staff...

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