If you’re worried about possible disruptions to your supply chain and the impact that could have on your business, there are insurance options to protect certain aspects of your business. Depending on your business needs you may want to investigate one of these risk management solutions.

  1. Cyber liability insurance: think ransomware attacks impacting logistics and freight platforms, or data breaches etc.
  2. Trade credit insurance: imagine if your customer cannot pay due to insolvency, political unrest or delays payment past the agreed term causing a squeeze on your cash flow
  3. Logistics coverage: think loss/damage of goods in transit, port issue, rerouting of cargo etc
  4. Business interruption: think production or supplier stoppages/shutdowns or, as we’ve seen recently, import issues related to geopolitical/tariff issues

For more details on these insurance solutions read this article