UK businesses should be preparing for what could be the riskiest year yet, says Aon.
In its 2007 Risk Report, Aon has warned senior management to take the lead in stepping up their business continuity management (BCM) in the face of major risk challenges.
According to Aon, some companies continue to neglect BCM as senior management do not think it warrants their time.
Hugh Leighton, risk consultant - director at Aon, said: "The main reason some companies are still holding back from BCM is that establishing an effective programme requires the most precious resource of all, namely senior management time, while appearing to yield little in the way of return should the disaster never strike."
He added: "If ever there was a false economy, this is it."
The report highlights pandemics, network risks, directors & officers' liability, emerging markets, environmental liability and energy prices as the main risks in 2007.
