Risk Management ServicesInsurance Brokers Sydney
Standards Australia describes risk management as actions that prevent "the chance of something happening that will have an impact on our objectives".
Risk management is the process of thinking systematically about all the possible risks, problems or disasters before they happen and setting up procedures that will avoid the risk, or minimise its impact, or cope with its impact. It is also about making a realistic evaluation of the true level of risk. The chance of a tidal wave taking out your annual beach picnic is fairly slim. ‘Identifying and eliminating the serious hazards to which your business is exposed’.
By implementing and adopting good risk management practices a company will be better placed to withstand the demands of modern business life, become more efficient and ulitimately more profitable. It can also have a substantial effect on your insurance premiums. Milne Alexander Risk Management Services will help you, as part of an ongoing partnership, to identify the serious hazards to which your business is exposed. We will then help with your plans to eliminate or reduce such hazards. In conjunction with a nation-wide network of specialists we can assist you with.
- Health & Safety
- Business continuity planning
- Employment practice
- Environmental issues
- Physical asset protection
- Diaster recovery services
- Motor fleet risk management
- Contract vetting
- Pre-acquisition Due Diligence
Safeguard all your assets of the business, cannot be achieved through insurance alone and a systematic approach to risk identification and assessment is fundamental to developing an effective strategy. Our recommendations may include self-insurance and, where considered necessary, Alternative Risk Transfer.
The world of corporate governance too is moving rapidly forward in this area and it is now becoming common, and in some cases mandatory, for Auditors to ask to see your contingency plans before signing off annual accounts.