Business Interruption, Property Damage are Critical Risks to Global Growth
Business interruption is the leading cause of losses for companies, multinational organizations and non-governmental organizations (NGOs) that operate outside the U.S., according to a new survey by Clements Worldwide. The Clements Worldwide Risk Index released today also shows that property damage and general liability are the close second and third largest sources of financial losses among respondents.
In the face of these risks, 35% of organizations indicate they may delay global expansion. This is up from 27% in the Winter/Spring 2016 Edition of the Clements Worldwide Risk Index.