Overview

Risks such as Fire, Occupational Accident/ Injury, Machinery Breakdown, Explosions, Accident, Terrorism, earthquakes, hurricanes, hail, and floods can have a profound impact on a business.  But while such risks are unpredictable, they can be managed.

With insurance rates on the rise, organizations are re-examining their approach to risk management. Risk evaluation can help organizations assess their particular exposures and possible damage to their infrastructure and a range of risk reduction measures such as building upgrades can be deployed.

Critical questions you need to consider:

• Are you aware of worst-case scenarios and extreme events? A one-in-100 year loss could happen this year.
• Have you re-evaluated your information relating to the location and value of your property in exposed areas?
• What measures do you have in place to mitigate catastrophic events?
• Is there a danger that you are either over or under-insured for these risks?