Does your Business insurance include REPUTATIONAL DAMAGE?

The phrase “no harm done” doesn't always apply in business. Reputational harm is damage that can be done to a company by a disgruntled employee, an internal scandal, or a mishap with a recalled product.

This can result from a variety of factors, including regulatory breaches, CEO misbehaviour, employee indiscretion, cyber attacks, damning consumer reviews, or critical social.

Reputational damage claims are a type of business insurance claim that can occur when a company's reputation is harmed. 

Reputational harm claims are among the most costly claims, averaging over £40,000. If the claim involves a lawsuit, it could cost as much as £60,000 to defend and settle a case.

Reputational harm can stick with you for years, and it can have a negative impact on your business. 

For a competitive insurance quote speak to our specialists at LBH Insurance on 01702 347889 or email enquiries@lbhinsurance.co.uk.