The SupplyChainBrain Podcast Mitigating Supply Chain Risk: Is Insurance Up to the Challenge?
Jul 18, 2025
Join Jeff Lang, Executive Vice President at Venbrook Group, as he dives into the intricate world of supply chain insurance. He discusses how geopolitical events, like Trump’s tariffs, complicate risk management and highlights the need for businesses to reassess their insurance coverage for non-physical disruptions. Lang emphasizes the role of strategic partnerships in identifying coverage gaps and navigating the evolving landscape of supply chain challenges, all while considering the future hurdles for newcomers in the insurance market.
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Passive Insurance Approach Risks Gaps
- Many businesses take a passive approach to insurance, focusing on individual policies without understanding their interconnected risks.
- This lack of a holistic risk perspective leads to coverage gaps amid complex supply chain dynamics.
Risk Management Reaches CEOs
- CEOs are increasingly involved in risk management discussions as insurance stakes rise.
- Elevated involvement reflects a growing awareness of holistic risk at the highest organizational level.
Risk Transfer Is Last Resort
- Risk transfer via insurance is low on the list of risk management methods; avoidance and mitigation come first.
- A strategic approach to risk leads to better outcomes than relying solely on insurance.