A 5-Point Risk Management Checklist for Business Leaders
Business leaders today aren’t facing a single threat at a time. Cybercrime, regulatory shifts, workforce challenges, and economic volatility are colliding simultaneously. This is what many experts now call a polycrisis.
At Concannon Insurance Agency, we’ve helped businesses navigate uncertainty since 1903. More than a century of experience has taught us one thing: the right preparation doesn’t eliminate risk. It makes it manageable.
To help B2B service firms stay resilient in 2026 and beyond, we’ve developed this 5-point risk management checklist.
1. Strengthen Cyber Defense for the AI Era
Cyber risk is no longer limited to stolen passwords or ransomware. Today’s threat environment is driven by AI. Deepfakes, automated malware, and highly targeted social engineering attacks are accelerating both frequency and severity.
For B2B firms that manage sensitive client data, a single breach can disrupt operations, erode trust, and create long-term reputational damage.
At Concannon, our Cyber Liability Insurance solutions go beyond coverage. We help ensure your controls, response plans, and privacy practices are aligned with today’s rapidly evolving threat landscape.
2. Audit Your AI Tools for Hiring and Workplace Bias
New regulations, particularly in states like Illinois and California, now hold employers accountable for algorithmic bias. If your organization uses AI for hiring, performance reviews, or workforce decisions, liability can arise even without intent.
We support clients with Employment Practices Liability (EPL) Insurance paired with Risk Management Consulting, helping you evaluate AI tools, strengthen workplace practices, and stay compliant with emerging state and federal standards.
3. Prepare Leadership for Rising Litigation Costs
Over the past decade, liability claims have increased by more than 50%, driven in part by third-party litigation funding, where outside investors finance lawsuits in exchange for a portion of the settlement.
The result: higher jury awards, longer legal battles, and increased exposure for executives and boards.
Concannon specializes in Directors & Officers (D&O) Liability and Umbrella Liability Insurance, helping protect leadership teams from the escalating costs and complexities of today’s legal environment.
4. Map Your Digital Supply Chain
For many service organizations, the supply chain is no longer physical; it’s digital. A disruption at a single software vendor, cloud provider, or platform partner can create a cascading operational shutdown.
In 2026, leaders must understand their mean time to recover (MTTR) and plan for continuity when (not if) technology disruptions occur.
Our Risk Management Consulting team works with clients to identify vulnerabilities, improve recovery planning, and reduce exposure, often resulting in stronger risk profiles and more favorable insurance outcomes.
5. Monitor Exposure to “Forever Chemicals” (PFAS) Liability
PFAS litigation is one of the fastest-growing areas of environmental liability. While commonly associated with manufacturing, B2B service firms are increasingly named in lawsuits tied to failure-to-identify or disclose PFAS risks.
At Concannon, we review Professional Liability (E&O) and General Liability policies to identify emerging exclusions, coverage gaps, and environmental exposures before they become costly surprises.
Securing Your 2026 Horizon
Insurance should never be a once-a-year transaction. At Concannon Insurance Agency, we operate as a full-service brokerage and risk partner, offering both project-based and ongoing consulting to protect your people, your operations, and your future.
The question isn’t whether risk will evolve in 2026.
The question is whether your organization is ready.
Contact us today to schedule a comprehensive policy and risk audit and ensure your business is prepared for what’s ahead.
