Critical business insurance: A practical guide for board members

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Outlining the importance of insurance to the board, this guide can support insurance buyers in raising the role of insurance, and demonstrating their value as an insurance professional.

In today's dynamic business environment, insurance matters to companies and to the directors who run them. One of the key roles of board members is to understand the vital importance of business insurance as part of their overall responsibility for, and oversight of, their company's management of risk.

Clearly, it is not possible for directors to know every detail of the insurance buying process. But the onus is on them to know enough to be able to ask pertinent questions around the boardroom table, and to challenge other executives and insurance professionals when necessary. This guide provides them with many of the insights they need to do so.