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Some of the biggest costs to businesses today come from property-related risks.
As organisations look to create value from rationalising assets and streamlining supply chains - concentrating assets in the process - so these potential exposures increase. The effects of a badly managed property risk include business interruption, increased claims, damage to reputation and expensive insurance.
Critical questions you need to consider
- Are you confident that you have adequately assessed all of your property risks?
- Are you confident that you know what property-related risk is costing your organisation?
- Does your Property Damage/Business Interruption claims history require you to develop more effective loss control strategies?
- How does the quality of your risk management, level of claims and cost of insurance cover compare to similar organisations?
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