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According to UK insurer Premierline Direct, 20% of small to medium sized companies don't have anybody at their organization who is responsible for implementing a risk program, and they have no plans to do so in the near-future.

The reason for such inaction is partly understandable. Aside from budget concerns, the most cited risk fear of small businesses is customers not paying bills, which is difficult to plan for. However, the next two most cited concerns are directly associated with proper risk planning; natural disasters and suppliers missing deadlines.

When questioned on what the small businesses thought they should be doing to implement a risk program, the most frequent response was manage their suppliers more carefully.

Most small businesses understand what their risk program strategy should focus on, they either lack the resources or know-how to address their supplier risk problem.

In the absence of a comprehensive risk program, small businesses with tight budgets concerned about supplier safety should focus on the basics of supplier risk planning. Screening suppliers for safety records and verifying that suppliers have current insurance that meets contract requirements. Risk management planning should not be the exclusive realm of large corporations, even small businesses face vast supplier risk, and very basic planning can mitigate this source of risk.

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