Our Products
Risk Management
The cost of insurance premiums is only a small element of the total cost of any incident. The Health and Safety Executive (HSE) estimate that the total cost to a business following an incident is somewhere between 8 and 36 times the cost of the claim paid as additional costs such as employee down time, management time and lost customers etc. also need to be factored in.
In addition, studies have shown that the majority of companies cease trading following a major disaster; a robust Business Continuity Plan is the only realistic way of ensuring the company has a fighting chance of surviving a disaster.
Whilst most businesses transfer the risk of loss to an insurance company, it does not mean that we should sit back and let claims happen. If we do, premiums will rise, as well as a rise in the additional uninsured costs, and a likely drop in employee morale!
It is often the case the future premiums (and uninsured costs) will reduce after following a risk management programme, and on occasion insurers may even contribute to the cost. Individual programmes are tailored to your specific requirements; ring us to discuss your specific requirements.
Our products include:
Health and Safety:
Development of plans
Audit of existing plans
Identification of 'hot stops'
Motor Fleet audits :
Audits
Driver Training
Online risk assessments
Business Continuity Plans :
Complete design
Assistance in setting up
Review and testing
+44 (0)161 830 5415
David Lennon ACII, BA (Hons)
Head of Department – Group Claims and Risk Management
david.lennon@reichinsurance.co.uk
T: +44 (0)161 834 8877
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