Top 10 Risks to Businesses – 2018

Each year Allianz Global ranks the top 10 risks to businesses, according to a survey of U.S. risk managers. Here’s how they ranked the risks for 2018:

  1. Cyber incidents (e.g. cybercrime, IT failure, data breaches)
  2. Business interruption (including supply chain disruption)
  3. Natural catastrophes (e.g. storm, flood, earthquake)
  4. Market developments (e.g. volatility, intensified competition/new entrants, mergers and acquisitions, market stagnation/fluctuation)
  5. Fire, explosion
  6. Legislative and regulatory Changes
  7. Loss of reputation or brand value
  8. Impact of new technologies (e.g. increasing connectivity, nanotechnology, artificial intelligence, 3-D printing, drones)
  9. Climate change/increased weather volatility
  10. Talent shortage

Since 2017, the risk of cyber incidents has increased from second to first place. Concerns about climate change/weather volatility and talent shortages are new to the list.

For more information on protecting your business against the threats above, please either call or email Barker Phillips Jackson at: 417-887-3550 or

Source: Allianz Global Corporate & Specialty Insurance Company