Insurance is just one element of a broader risk management strategy. Insurance and risk management are complementary to one another, and when addressed collectively, your business can be empowered to make commercial decisions with greater confidence.
When organisations find it difficult to achieve their goals, it is often because they have not identified risk events that can present as roadblocks. If and when risk events arise, many organisations are unable to respond appropriately to minimise their impact.
If you haven’t identified risks that will prevent you from achieving your business objectives, your chances of reaching them are reduced significantly.
Generally, insurance only covers around 30% – 40% of the risks that can impede the ability of a business to achieve its core objectives.
With a comprehensive understanding and a clear strategy on how to manage those risks, you can take control and substantially reduce uncertainty in your business.
A sound risk management program can ensure the risks which threaten the sustainability of your business are identified and addressed proactively, so you can look to the future with added certainty.
Risk Management Services
EngInsure’s specialist risk consultant will work closely with your key people to develop and implement an effective risk management strategy.
Our risk specialist can;
- Develop new risk management programs;
- Review existing risk management structures and programs to comply with ‘good practice’ and regulatory requirements;
- Perform risk assessments on specific issues and projects;
- Deliver training programs for your people;
- Test crisis and business continuity plans;
- Ensure annual insurance expenditure accurately reflects the risk profile of your business.
A clear and comprehensive risk management program can ensure your business is equipped with the necessary tools to effectively respond and manage hurdles that threaten your commercial success.
To find out more about EngInsure’s specialised Risk Management services, please call us on 1300 854 251 or contact your adviser.