What are the five risks that businesses should prepare for?

Read more: Always expect the unexpected

“Global Planning Month is a good time to remember that if you want to grow and succeed as a business, leaders need to look for potential disruptions, respond effectively when they happen, and improve after each incident,” he added.

During National Preparedness month, Hernandez said Insurance Business Five high-risk businesses should be prepared:

Extreme weather events

Hurricanes, floods, wildfires, tornadoes, and hail lost billions last year. Business leaders are rightly concerned, but Hernandez said assessing their companies’ risks to the region and to all affected areas will be key to minimizing losses and disruptions. Event planning can also help speed and quality of response to major weather events.

“What is important is to complete a list of hazardous weather events for businesses and locations. They must consider not only the impact on what the business does, but also on suppliers, equipment suppliers, other services, and customers. Making a risk analysis helps to determine how the worst weather can affect how it will affect, and above all, disrupt business,” Hernandez explained.

Water damage

This threat can occur even outside of strong winds and heavy rain but it can be very destructive. Every minute of delay in responding to a water event increases property damage and business disruption, according to Hernandez. Water spreads quickly, and even in the early stages of flooding, it can irreversibly change wooden and metal structures.

Businesses should thoroughly inspect internal water supply lines, drains, pipes, fixtures, and equipment. They should also check for leaks, and have gutters and roofs inspected and cleaned every year.

“There is a technological breakthrough in looking at sustainable and sustainable water that can tip the scales in reducing water damage for residents and businesses,” Hernandez said.


Ergonomic hazards are aspects of a job or task that cause discomfort, stress, or injury to a worker. These risks affect work performance and quality of life. The breakdown of the supply chain and the increase in the cost of raw materials are causing a lack of tools that support or support physical activities, which can lead to ergonomic exposure.

“Shortages can force businesses to figure out how to increase their operations. This can include changes to things like using more resources, traveling more frequently, and exposing employees to high-risk situations. [if equipment isn’t available],” said Hernandez.

Reducing repetition, reducing mental demands, and reducing fatigue will go a long way toward keeping employees safe, and businesses from going astray.

Then there’s the big debate about remote work versus back to the office. Hernandez said that businesses need to respond to different ergonomic indicators, or a combination thereof.

Cyber ​​threats

No company is immune to a cyberattack these days: attackers are looking for business information to collect ransom money. A company does not need to carry sensitive information to be a target; often the goal is to stop the business, which means leaders need to be prepared with a plan to continue.

Hernandez also mentioned third-party platforms such as browsers and mobile devices, preventing data backups from unauthorized access, and ensuring that businesses are not using the latter platforms as a number of online security measures.

“Businesses need to move quickly before the aid ends, which is essential to ensure the highest level of security,” he said.

Employee awareness can also be enhanced through programs that emphasize cyber security as everyone’s responsibility.

Financial instability

Problems related to supply chain, inflation, rising oil prices – there is no shortage of economic problems today that can disrupt the work of companies.

“Unforeseen past events and travel restrictions continue to occur. International operations are limited and very dangerous, especially when you consider the other risks we have discussed,” said Hernandez.

Leaders must plan for long-term business disruptions and set aside time to get their operations back on track. In the midst of the economic crisis, business leaders must maintain a positive mindset, according to Hernandez.

“You can’t eliminate distractions, but you can manage them with good business promotion programs,” he added. “Meeting with key stakeholders to implement disaster management plans, to see what can be done through better planning and other measures [leaders] he can do it.”