Cybersecurity, Climate and Liability - 3 Risks Companies Can't Ignore
With the second half of the year underway, July is a strategic time for companies to assess their degree of exposure to risk and how they are protected. With heatwaves becoming more frequent, cyberattacks on the rise and new legal requirements on environmental and labour responsibility, the challenges for businesses are constantly growing. The good news? Business insurance is rapidly evolving to meet this new context.
We highlight three major areas of risk that are at the centre of companies' concerns in 2025, and how an adequate insurance plan can make a difference.
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Cybersecurity: the invisible risk that grows every day
Cyber attacks continue to grow, and it's not just large companies that are being targeted. SMEs, clinics, accountancy firms and digital businesses have been easy targets for ransomware scams, data theft and digital fraud.
What could be at risk?
Customer data and invoicing
System downtime and loss of productivity
Damage to reputation and legal sanctions (especially with the GDPR)
Recommended solution:
Cyber-risk insurance covers data recovery costs, incident response, legal support, compensation to third parties and even loss of revenue caused by outages. It is now essential protection for any connected company.
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Extreme weather and natural events: the new reality for those with physical facilities
Heatwaves, rural fires, floods and sudden storms have caused significant damage to businesses across the country, and July is traditionally one of the most critical months.
What could be at risk?
Structures and equipment
Stocks and raw materials
Vehicles
Business continuity
Recommended solution:
Up-to-date business multi-risk insurance guarantees protection against damage caused by natural phenomena, with additional cover for operating losses (loss of profit), rubble removal costs or temporary relocation.
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Civil liability: what used to be the exception is now the rule
With increasing legal, environmental and social demands, compensation claims against companies are becoming more and more frequent, whether for accidents at work, damage caused to third parties or breaches of contract.
What could be at risk?
Lawsuits from customers, suppliers or employees
Large compensation payments
Legal defence costs
Recommended solution:
General or professional liability insurance can protect the company and its managers against material, bodily or moral damage caused to third parties, whether accidental or not. In the service sector, it is increasingly essential.
Summer is a time for prevention, not just reaction
July is traditionally a month of lower activity in many sectors, but it can (and should) be used to review contracts, assess cover and correct gaps. Many companies only discover that they are not protected after a claim. At Grumese, we anticipate risks - so you can focus on growth with confidence.
Our team specialising in business insurance is on hand to find the most appropriate, effective and tailored solution for your sector.
Talk to us - 214 131 310
jose.monteiro@grumese.pt
Grumese, always with your confidence
Cybersecurity, Climate and Liability - 3 Risks Companies Can't Ignore
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