Web4Law Property Risk Management Guide
This guide is intended to help you identify and manage the risks associated with your ‘general’ insurances and to assist in the production of your Business Continuity Plan.
It is important to understand that your insurance cover may be conditional upon certain risk control measures being in place These conditions are often detailed and specific. This guide is designed to enable you to consider and minimize insurance risks. However, you will still need to read and understand any specific conditions that may apply to your insurance cover.
The guide enables you to assess the following risks:-
- Storm Damage
- Business Continuity
- Health and Safety
The Guide enables you to establish which issues apply to your business and whether you need to take further action to safeguard your business. You can use the guide as a checklist and should refer to it regularly.
Where you have previously considered items as “implemented”, it enables you to review and test your arrangements, to ensure that they have been maintained and remain appropriate. For those items not implemented, you should consider whether the situation has changed and whether you now need to address these issues.
Controlling risk is beneficial to the long-term success of your business and will help to reduce your insurance premiums over time.