Risk Control
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Prevention is better than cure!
Surveys, risk assessments, training and advice
Our risk surveys and assessments are a distinguishing feature of the service we provide, delivering tangible benefits to policyholders – whether it’s risk improvements, protecting not just the insured items, but the business as a whole, or risk assessments, identifying weak spots in procedures and helping to prevent reputational damage. And, of course, effective loss prevention keeps renewal premiums down.
Whilst traditional underwriting surveys of storage premises are the core activity of our risk control team, we compliment our service with training and advice on a variety of topics, tailored to the individual needs of brokers or policyholders, such as supply chain risk analysis from supplier to customer, supply chain contingency planning, route risk assessments and driver security awareness training including vehicle anti-hijack procedures, warehouse fire and security measures, advice on yard security, loading and/or unloading surveys and much more.
Supply chain analysis
Our supply chain collaboration with BSI Supply Chain Services and Solutions enables brokers to further support clients, through leveraging the consultative partnership, to better understand their supply chain risks to address potential areas of vulnerability.
With BSI’s vast experience in supply chain security and risk management and our understanding of the cargo and freight liability insurance industry, this partnership will provide policyholders with the necessary knowledge and skills to take a proactive approach to becoming more resilient in their supply chain operations, as well as helping to reduce losses and claims.
It is estimated that cargo crime accounted for GBP 115 million worth of goods stolen last year in the UK alone, an increase of approximately 20% from the previous year.
Understanding the risks, where they exist, and how likely they are to occur is therefore vital for organisations to help reduce the delays, financial loss, costs and dangers that can result from such cargo crime threat. Our work in partnership with BSI, aims to improve the management of supply chain risk and to help counter the increasing threat of cargo crime for businesses.
Insurance brokers can sign up to hear our risk control news first and receive our exclusive Cargo Theft reports in partnership with BSI, together with opportunities to attend webinar sessions by subscribing to our email newsletters.
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