Risk Management

 

Managing Risks is an essential part of any modern business.

Insurance is only one aspect of this (called Risk Transfer),

but there are many other ways including:

 

• Loss Control – minimising the risk as much as reasonably and financially possible
• Risk Avoidance – not becoming involved with such risks at all.
• Risk Financing – provisioning funds to manage potential risks
• Risk Transfer – transferring the risk away contractually such as using risk carriers such as insurers, or contractual conditions

Your insurer will appreciate you very much if you take risk management seriously

On this page, we intend to give some tips in other effective ways to manage many of the risks your business faces without necessarily utilising insurance protection.

Remember foresight is better than hindsight in preventing losses. To do this is to plan effectively and we can help you with this.

For now, think about the following risks and how you could manage them better:

Financial Risks to Business

• Managing Risks of Bad Debtors
• Managing the Financial Risks in the event of death
• Managing Risks of Errors & Omissions
• Managing Risks of Brand Damage
• Managing your Professional Risks
• Managing Risks of Fraud and Embezzlement
• Managing Risks of Loss of Data
• Engaging Contractors or Trades Peoples
• Managing Cyber Risks
• Managing Risks of Climate Change
• Managing Risks of Under-insurance
• Managing Risks of Scammers 
• Managing Risks to Trade Marks
• Crisis Management

Managing Risks to the Householder

• Managing Risks of Credit Card Skimmers
• Managing Risks of Scammers
• Fire Safety and Prevention
• Managing Risks of House Break-ins
• Is your House prepared for a Cyclone?
• Managing Risks of Bushfires
• Hazards of Home Renovations
• Why deadlocks are good
• Are Grilles worth using?
• Are you under insured?
• Managing Risks of Bed Bug Infestations
• Managing Risks of Alcohol and Fluoxetine

Managing Risks of Natural Disasters

• Managing the Risk of Flood
• Managing Bushfire Risks
• Managing Risks of Solar Weather
• Managing Risks of Storms
• Is your House prepared for a Cyclone?
• Sandy reminds us to be prepared
• Managing Risks of Earthquakes

Managing Workplace Risks

• Giving Greetings or Goodbyes
• Managing Risks of the Office Party
• Managing Risks of Welding and Hot Works
• Eight Tips to Prevent Employee Fraud
• Managing Risks of Job Stress
• Asbestos Risks and how to manage them
• Managing Contractors Plant & Equipment
• Managing Risks with deep fat fryers
• Managing Risks in a work from Home arrangement
• Effects on a worker who uses both Alcohol and Fluoxetine

Managing the Security to your Business

• Managing Security with Video Surveillance
• Alarm Systems are worth it
• Are Grilles and Bars worth it?
• Consider getting a Safe

Managing Risks of Motor Vehicle Use

• Texting at the Wheel – a global issue
• Managing Risks of Car Break-ins
• Managing Risks of Driver Fatigue

Man’s influence on disasters

• Gas Drilling has caused earthquakes
• Faulty Wells, not fracking, blamed for water pollution
• Climate Change
• EPS Sandwich Boards – increased fire risks

 

Try Zurich’s Risk Management Health Check here

Global Risk Report 2014

What are the biggest risks concerning businesses in Australia?

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