A recent Sentry report reveals that while 47% of business leaders are optimistic about their companies thriving this year, 67% are experiencing higher stress levels compared to last year. Major concerns include economic uncertainty, supply chain issues, and rising healthcare costs. Notably, 72% of executives worry about increasing litigation risks, and 90% reported their businesses were impacted by severe weather in the past five years. Many executives are delaying crucial upgrades due to cost issues, and there’s a significant desire to enhance worker safety and insurance coverage as preparedness for mounting external challenges.
74% of executives aren't completely confident their company's current insurance is adequate - with 42% of executives looking to expand their coverage.
Nearly half (47%) of executives cite economic uncertainty as their biggest worry, along with supply chain challenges (44%) and rising healthcare costs (41%).
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