Blog: Machinery breakdowns - what are the risks to businesses?
Although cyber takes the headlines, machinery breakdown can be equally damaging to businesses, according to Owen Lewis, group manager for account engineering at FM Global's London operations, with a recent analysis of the company's client losses revealing 28% of all losses are a result of equipment failure.
While malfunctioning equipment has always been a risk that businesses face, there are several potential factors behind the increase in the frequency of losses caused by equipment breakdown.
The
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