Everyone has a different view of risks and how we perceive their importance. In the latest issue of Business Insurance they shared the top 10 risks of 2023, as voted upon by the general public. Here are the top 5: climate change, cyber security risks, new security threats, social tensions, and pandemics. For more information, check out the article here. Each of these areas of risk can have a varied strategy for business owners. It is expected that these risks will remain at the top of the list as we roll into 2024.

We at AdvoCap Insurance Agency, Inc. always like to use this time of year to remind our friends that it’s a good idea at the beginning of each year to talk about your concerns and goals for the coming year with the business professional partners you choose for your business. Your insurance professional, financial professional, and tax professional can all share strategies for the coming year to help you stay ahead of and hopefully mitigate the risks.

If you are interested in talking to someone about cyber risks and available coverage for 2024, reach out to us at AdvoCap. We would love to talk with your firm about your needs for the coming year.