Loss of reputation overtook business interruption as the top concern of companies in the United Kingdom, according to a survey of top firms by Aon Limited.
Aon said loss of reputation, now seen as the number one risk, was ranked fifth in importance in 2003 by companies in the UK.
Max Taylor, deputy chairman of Aon Limited in London, told National Underwriter that a threat to a company's reputation "knocks the share price, knocks the ability to sell products and services."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
