Explore the Category

Pirates turn to kidnapping and away from hijacking, IHS Markit says

08 November 2016

Onshore dynamics impact offshore risks in Gulf of Guinea and Southeast Asia.

Shipping without insurance could bankrupt an SME

04 November 2016

Small business owners and private individuals who decide to despatch or receive goods via shipping container, are exposed to substantial risks that they may not be aware of. This according to Singeon Green, Account Director at Risk Benefit Solutions, who says that while only around 600 to 2000 containers are lost at sea per year on average, depending on catastrophes reported, according to the World Shipping Council, lost cargo still costs the insurance industry and companies billions of dollars in losses globally.

Risk mitigation for travelling employees: Whose responsibility is it?

01 November 2016

Globalisation and the search for new business opportunities is forcing organisations to send more and more employees into Africa and abroad. However, the social and ethical dimension of responsible travel management, goes beyond sustainable procurement.

One accidental spill could bankrupt a transport company

27 October 2016

Companies transporting potentially hazardous materials could be held liable for damages long after an incident. This according to Gillian Wolman, Head of Litigation Risk at Risk Benefit Solutions, who states that environmental risk management and environmental liability are becoming increasingly complex and difficult to navigate.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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