Whilst most businesses recognise that financial protection is essential in helping a business recover after a crisis and consequently effect appropriate insurance, many businesses fail to recognise the impact such a crisis would have on their business. Yet every year nearly 1 in 5 businesses suffers a major disruption and 80% of those businesses go out of business within 3 years.
Planning for such disruptions is good business practice and is fundamental to the survival of a business. Furthermore, risk management can improve the profitability of a business by:
- Identifying and tackling any key issues
- Reducing the likelihood and impact of costly accidents
- Increasing the efficiency of a business
- Improving the negotiating stance with key stakeholders
Masterpolicy has also found that insurers are placing a significant reliance on Risk Management factors in their decision on whether to accept a risk and the terms they apply to the risk. Where a business is able to demonstrate good Risk Management practices, MasterPolicy has been able to use this information to secure significantly improved terms from insurers.
Consequently we have developed a series of Risk Management solutions for both small and large businesses. For more details click on the links below:
Solutions for smaller businesses:
Solutions for larger businesses:
If you would like some general information, we have compiled the following fact sheets which are available free of charge:
- Business Risks Fact Sheet
- Security Fact Sheet
- Health & Safety Fact Sheet
- HR Fact Sheet
- Disaster Recovery
- Engineering Fact Sheet
- Fleet Risks
- Your Practical Guide to Fire Risk Assessments
If you would like a quotation, or a copy of our fact sheet, please contact our office to discuss your requirements or complete our enquiry form, and one of our team will be happy to assist you.