This edition of the Knowledge looks at risk management within the SME sector, with a focus on how brokers can support and guide clients to do it better.
SME clients are increasingly seeking risk management advice from brokers to go hand-in-hand with guidance on insurance products. Small and medium businesses are often as much affected by technology-driven change and broad economic trends as their bigger corporate competitors. But they lack corporate-size budgets to help tackle these challenges. Identifying, quantifying and figuring out how to mitigate risk form the basics of a risk management strategy. The Knowledge looks at how brokers can help to embed risk management thinking in their own and their clients workflow as part of their insurance offer.