The Price of Risk for Business
The risks to businesses are increasing across all threat landscapes, including litigation, fines, data theft, ransomware, transaction fraud, and devastating natural disasters.
Too often these risks are ignored due to lack of knowledge of what to do about them. But that doesn’t reduce the risk. BeneTechs offers simple, easy to understand, cost-effective ways to address the risks associated with the problems facing businesses today: breach and cyber protections, chargebacks, Employment Practice Liability, disaster recovery, and flood risk protection. BeneTechs services help businesses protect against these risks and offer programs that enhance the user experience, provide meaningful benefits to employees and members, reduce lost time, improve retention and attraction rates, and create new opportunities.
The detriments to a business of ignoring risks are:
- Decision avoidance or poor decision-making
- Increased costs
- Business credibility and reputation loss
- Possible entire business shutdown
The Price of Risk for Individuals
Individuals and families are confronted by a daunting set of risks; breach and cyber protections, family privacy, caregiver stress, disasters, and floods. Similar to businesses the reaction is often avoidance because they don’t know where to turn for help. Avoidance doesn’t make the problem go away—it increases stress. BeneTechs offers straight-forward, intuitive solutions to these risks that include one-on-one assistance favored by people facing stressful and potentially disastrous situations. Combining traditional personal assistance with modern, problem-solving technologies yields benefits from extraordinary efficiencies and peerless effectiveness.
The detriments to an individual of ignoring potential risks and their related stressors are:
- Problem avoidance and poor decision-making
- Lack of protections against cyber fraud and identity theft (credit card and privacy fraud)
- Ignorance of potential physical disasters
- Lack of protections from physical disasters
- Declining health
- Missed deadlines or lower quality performance at work
- Higher absenteeism