Risk Management

many of the risks to business today relate to people. Have you considered how your employees’ wellbeing, health and engagement related to your business performance? When was the last time you did an audit of who the key people in your business are?

as your biggest asset and most challenging resource, people and their employment represent a critical aspect of leading a successful business. When did you last review your employment policies to ensure they are aligned with ever-changing employment legislation and procedures.

how confident are you that your current practices meet all the correct legal and regulatory requirements (Health and Safety Executive for example) and do not leave you exposed to avoidable claims? When was the last time you undertook a survey to understand your true exposure to liability-led claims?

from ransomware and hacking to identity theft and electronic fraud – you now face potentially ruinous financial loss, litigation and reputational damage due to the sharp increase in cyber crime. Have you trained your team to be aware of these risks? When was the last time you reviewed your cyber security

many property owners insure their building for the market value. But the value that matters for insurance is the rebuild cost. Do you know how long it would take and how much it would cost, including demolition and fees, to completely rebuild your commercial or residential property in the event of a loss? 

when was the last time you considered the balance between credit terms you offer to your clients and their ability to pay? By understanding their ability to pay better through a partnership with a credit insurer, you can optimise your credit risk profile and therefore profitable growth.