Note No. 10 in this series1 provided an overview of risk and professional indemnity (PI) insurance, explaining the basic principles of technical, commercial and reputational risk. This follow-up note looks at reputational risk in more detail.
Reputational risk is the hardest of these three types of risk to quantify, and much will depend on your attitude to risk. Consequently, this note does not off er specifi c guidance on how to address such risks.
However, it will look at areas where reputational risks may arise and discuss how the line between risk and opportunity can be managed.
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