Insurance is just one method that a business has of managing risk,
and is for many the only method used when in fact it should be the
last!
Businesses are exposed to many risks that have the potential to jeopardise
their efficient and effective operation. Even though insured the
actual cost of managing accidents involving damage to property
and or personal injury is considerable, and believe it or not most
are avoidable.
There is also a raft of legislation with which all businesses must
be familiar and comply with. Some are universal, others are industry
specific but all are about providing a safe working environment.
Risk management is concerned with identifying the areas of Risk,
be it damage to property or personal injury and finding ways to either:
Reduce the exposure Control the exposure Eliminate the exposure Transfer
the risk
Effective risk management will lead to considerable long-term savings
to the business with a consequent positive effect on bottom line
results as well as insurance premiums.
CIB Ltd have access to:
Risk Management Companies
Insurers offering Risk Management Services
Risk Managers to meet you personally to discuss your exposures and
assist you with their individual management.
You can also access the HSE website via Useful
Links
