Property
Businesses invest significantly in physical assets and the protection of these assets is crucial to business success and protection of the lives of people involved. These physical assets are exposed to the threat of damage, either by fire, malicious damage, storm, flood or theft. Insurance can provide part of the solution but there are often significant uninsured losses (such as excesses/deductibles, investigation, expenses, disposal costs and hiring costs), as well as the impact these losses have upon profits, shareholder confidence, customer relationships, bad publicity and goodwill. Sound risk assessment will help highlight potential problems before they occur, allowing business to eliminate, reduce, or control the risks.