Legal Risk Management

In today's competitive economy and fast-changing business environment, the wide-ranging risks a business faces are getting tougher to identify and more difficult to manage. The “success” of a business is to an extent dependent on its ability to identify risks and to manage them in the most effective manner.

The pitfalls of an incomplete risk management approach are that not all risks, especially legal risks are identified and some risks are underestimated leading to an inaccurate risk profile, incorrect or inadequate protection and which in turn negatively impacts on the effectiveness of the insurance programme.

The result is that legal risks remain dormant until something happens to trigger claims and legal action.

Aon's Legal Risk Management unit has developed practical and innovative legal risk products and services to assist businesses with the identification and management of legal risks and exposures to complement existing insurance and risk management programmes in a seamless and cost-effective manner.

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