Property Owner
Scott Winton Insurance Brokers takes a pro-active approach to the implementation of risk management procedures with clients so they can aim to provide an environment that protects the personal safety and assets of the proprietor, tenants etc, consequently reducing the potential for financial loss through incidents involving same.
To conduct risk assessments of client's property one must identify and quantify risks and develop control solutions to reduce exposure. This may include the following steps.
- Identified hazards
- Assess the likelihood and severity of the identified hazards
- Evaluate & priorities the risks
- Prepare & agree on an action plan
- Monitor progress through to its completion
Risk audits and/or inspections should be done at least once a year depending on the size and volume of the risk. (Properties that are experiencing liability incidents or claims should carry out inspections every three months). The inspections should include areas such as:
- Car Park Area
- Electrical
- Housekeeping
- Public Liability
- Security
- Environmental
- Fire Protection
- Emergency Procedures
- Report Incident Management
Whilst Risk Management programs are designed to identify and/or reduce/eliminate exposures, there is no guarantee that your contingency plan will be totally infallible.
A documented Risk Management Program is an important tool, and in conjunction with a comprehensive insurance program, will provide you with the necessary reassurance that you have done your utmost to protect your assets and liabilities. If you would like to discuss this invaluable addition, please contact one of our executives to find out how.