Risk Management

Russell Scanlan Risk Analysis Service

Modern businesses are exposed to a complex range of risks. Some are obvious to managers, some are known but their potential impact is underestimated and others lie undetected through lack of awareness or because they are buried deep in the firm's administration. If survival in business is to be assured, then exposing and controlling the risks must be worthwhile. Whether the issues are practical ones such as security and safety or administrative ones such as employment law and legislative compliance, the key to building reliable defences is to analyse, prioritise and then take action.

Risk analysis helps owners and managers to target and control issues that threaten the survival or profitability of their business. Through systematic examination of 15 key areas of the business, risk and management levels are assessed then converted into an agenda for action.

It must be recognised that insurance is only part of a complete approach to risk management. Here are just a few reasons why :

• Risk management benefits profitability. By identifying and tackling key issues, efficiency of the business is improved.
• An improved risk profile will enhance your negotiating position with Insurers.
• 80% of UK businesses that suffer a major fire or flood go out of business within 3 years.
• Less than 25% of businesses operate reliable personnel, safety or security procedures
• Less than 20% of businesses operate any organised form of IT security.

Service Description

The Risk Analysis Session

A risk management professional carries this out with the business owner or manager on site in one day. The analysis studies 325 issues broken down into the following 15 areas of risk management.

• Financials, Customers & Markets
• Security
• Employment
• Premises Management
• Cash
• Health & Safety
• Building Maintenance
• Embezzlement
• Environmental Management Disaster Planning
• IT Security
• Credit Management Vehicle Management
• Financial Protection
• Contracts & Administration

The Risk Analysis Report

This provides a precise record of the data recorded, charts for each segment to help set priorities and an agenda for action with clear pointers to the steps required.

Monitoring and Support

We will then guide you on a range of risk management solutions including the provision of sample procedures that have been tried and tested in other businesses. Most importantly, we will regularly monitor and review your progress to help you achieve a steady reduction in risk levels.

For further details please contact Andy Jenkins or click on the link below for a copy of our Risk Management brochure.