Employment issues favor heavily among the "micro risks" middle-market business owners are most concerned about, according to a survey by QBE North America and the Association for Corporate Growth (AGC). Leading concerns regarding employees include attracting and retaining talent, ensuring workforce safety, growing costs for employee benefits and issues around diversity. In addition to employment issues, cyber risks and COVID-19 continue to be top of mind for mid-market business owners, the survey found. Further, two-thirds of respondents reported having unmet needs related to risk mitigation, with digital assets protection/coverage and risk management "expertise provided by the industry" the most pressing areas, QBE North America reported. "By documenting the risks facing mid-sized businesses along with gaps in mitigation efforts, this research highlights areas where companies stand to benefit from outside capital and expertise," Kathryn Mulligan, content director for ACG's Media Group, said in a release. "ACG members are dedicated to driving growth in the middle market, and this report's findings further underscore the vital role for investors, insurers and advisors in helping companies navigate an increasingly complex risk environment." The above slideshow highlights the top macro-risk concerns of middle-market businesses, according to QBE North America and AGC. Related: |