Mid-market - technology: Hi-tech help
Too large to benefit from government initiatives but too small to employ their own risk managers, mid-market businesses can inadvertently find themselves taking on unexpected levels of risk. As these businesses grow and face new and increasingly complex risks, expert support and new technologies like drones and wearables are essential
Failing to identify and mitigate a risk can be an expensive mistake, no matter what the size of the business. And something mid-market brokers should be as much aware of as their corporate equivalents.
“Ignorance is no defence,” says Ashwin Mistry, executive chairman at Brokerbility and BHIB Insurance Brokers. “If they fail to meet their legal requirements, they will be treated exactly the same by the courts as a firm that knowingly cut corners.”
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