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These Intangible Threats Are Top Culprits of Business Interruption
These Intangible Threats Are Top Culprits of Business Interruption
Today’s evolving risk landscape contains a wide range of intangible threats—cyber-attacks, broken supply chains and the mental health of your employees, to name a few—that all have the potential to cause noticeable business interruption within your organisation. In fact, recent research found that 20 per cent of organisations feel ill-prepared for unforeseen events in 2019. Clearly,...

Brexit is Coming: Prepare Your Data and Technology
Brexit is Coming: Prepare Your Data and Technology
Time is limited for the UK and the EU to craft a proper withdrawal agreement before Brexit takes place on 29th March 2019 (unless an extension is granted), leaving room for a range of possible outcomes. Despite the uncertainty, however, it’s crucial for your business to be prepared for anything—especially in the realm of data and technology. 

No-deal or not, ensure your organisation...

It's Time to Remove Modern Slavery From Your Supply Chain
It's Time to Remove Modern Slavery From Your Supply Chain
It has been three years since the Modern Slavery Act 2015 was enacted to fight against modern slavery in supply chains and decrease practices of forced labour. However, recent research revealed businesses have taken minimal action. In fact, a survey from the Chartered Institute of Procurement & Supply (CIPS) found only 23 per cent of companies have completed site inspections to check for evidence...

Brexit Uncertainty can be mitigated by Trade Credit Insurance
Brexit Uncertainty can be mitigated by Trade Credit Insurance
With just a few months left until Brexit takes place on 29th March 2019, the UK and EU have yet to create a solid withdrawal agreement — keeping the possibility of a ‘no-deal’ scenario intact. And although this uncertainty remains, your organisation cannot afford to be unprepared for the potential impacts of Brexit.

ICB Group has a specialist Trade Credit Insurance division...

The Biggest Risks Facing UK Businesses in 2019: Revealed
The Biggest Risks Facing UK Businesses in 2019: Revealed
In the past 12 months, the UK has experienced several changes that impacted businesses across the nation, regardless of size or industry. 

Between growing cyber-security concerns from high-profile breaches and the GDPR, broken supply chains from a commercial CO2 shortage and the collapse of big-name companies like Carillion, various risks have taken precedence. Not to mention, 2019 will...

Don't Become a Statistic: Here's Why You Can't Ignore Brexit
Don't Become a Statistic: Here's Why You Can't Ignore Brexit
For many SMEs, Brexit preparation has been placed on the backburner in order to make way for more immediate concerns, such as cyber-security cover and GDPR compliance. 

Indeed, a recent insurance broker survey revealed nearly 25 per cent of SME clients ask their broker for GDPR guidance on a regular basis, whereas only 10 per cent have enquiries regarding Brexit.

In fact, 35 per...

Prevent a 'Chain Reaction' During Disaster With These Useful Tips
Prevent a 'Chain Reaction' During Disaster With These Useful Tips
As flood season approaches, many organisations are bolstering their risk management practices to prevent serious damage from a natural disaster. But unlike the downpour of a flood, many business disasters don’t have a season—they can happen year-round.
Whether it be a deadly cyber-attack or a costly material shortage, business disasters can often cause a chain reaction for organisations...

CO2 Shortage: Save Your Supply Chain with Business Continuity
CO2 Shortage: Save Your Supply Chain with Business Continuity
Manufacturers throughout the country are struggling to cope with the continued carbon dioxide (CO2) shortage. The shortage, which is a result of several supplier plants either shut down for maintenance or closed altogether, has hit food and drink manufacturers particularly hard. Due to this major supply chain disruption, these organisations are left without a key ingredient to their products, leaving...

Support Your Supply Chain or Suffer Consequences: Here's How
Support Your Supply Chain or Suffer Consequences: Here's How
From the drive-through window to the supermarket shelves, businesses are suffering at the hands of broken supply chains. Earlier this year, the fast-food chain, KFC, disappointed customers across the country when they temporarily closed hundreds of stores due to a chicken shortage. 

Currently, food and drink manufacturers are experiencing tough times from the carbon dioxide shortage, leaving...

What You Can Learn From KFC's Supply Chain 'Fowl-Up'
What You Can Learn From KFC's Supply Chain 'Fowl-Up'
In February, nearly two-thirds of KFCs across the United Kingdom were closed or offered a limited menu after its new distributor failed to deliver enough chicken on time. 

With no backup plan for how to get more chicken, customers took to social media to vent their frustrations at the fast-food restaurant chain. 

While KFC tried to handle the response with grace and good humour,...