Fairfield County Personal Risk Management: What do Americans Fear? 

Travelers recently released the findings of its second Consumer Risk Index report which measured public opinion about the general perception of risk involved in Americans’ daily life. The study, which was conducted in late July of this year by outside firm Hart Research, survey of 801 adults from different parts of the country to gain a better understanding of what American’s believe are their greatest exposures to losses and how individuals are managing those risks.

The survey found that 1 in 4 American consumers believe that the world today is very risky, with 6 in 10 respondents expressing concern that the world is growing increasingly risky. Some of the largest concerns included:

• Distracted Driving- The vast majority, 89 percent, of survey participants believe that the distracted driving of other motorists increases the likelihood of them being in an auto accident. However, over fifty percent of respondents seem unconcerned about their own distracted driving habits impacting their chances of being involved in a crash.  Despite the proven statistics that teen and young drivers are far more likely to be involved in an auto accident, 1 in 5 respondents were “not at all concerned” about their young drivers’ distracted driving habits.
• Loss of Private Data- According to the report, over eighty percent of respondents report some level of fear regarding personal privacy loss, yet only between 20 and 30 percent expressed major concerns about identity and personal data theft. However, this number may have increased due to the number of security breaches and cyber-attacks reported in the months after the survey was given.
• Severe Weather Events- Nearly two-thirds of respondents showed concern about that superstorms and severs weather events were happening more frequently, and roughly 40 percent of respondents felt that harsh weather was a growing concern in their region. Yet just over a third of respondents felt that severe weather events could cause damage to their homes and property.
• Financial Security- The majority of respondents expressed concerns about money and the security of their financial assets. While nearly seventy percent of the respondents reported that have acquired ample personal insurance coverage for their homes and vehicles, nearly all respondents reported some level of concern over their financial security.

Whether you share these fears or hold your own, you will inevitably face risk exposures throughout the course of your life. At Sinclair Risk & Financial Management, we understand that the world can be a scary place. That’s why we offer a complete array of personal insurance solutions that are customizable to meet the unique needs of each of our clients. Our Fairfield County personal risk management specialists will work with you one-on-one to assess your needs and craft a complete risk management strategy designed to protect yourself and all of your assets. To learn more about or holistic approach to Fairfield County personal risk management, we invite you to contact us today at (877) 602-2305.