All businesses need protection against threats:

It is important that management respond to the physical and financial risks of business in a similar way that other business functions are managed; for example a detailed Business Plan for forecasting Profit and Loss.

Corporate decisions on Risk should ideally be based on a pre-arranged strategy…"a Business Plan for Risk"

Our approach

Risk management is a strategy to deal with hazard and risk, designed to ensure that priorities are made, action taken and available resources put to maximum effect.

We can provide guidance and practical assistance with this and also introduce expertise in

Health and safety
Asset Protection
Crisis Management
Environmental
Corporate Governance
Motor Fleet Risk Management
Product Safety
Employment Law
Credit risks
Loss Management
Training

Initial Threat Appraisal

The first stage of a risk strategy is to identify the key issues. An Initial Threat Appraisal provides a systematic examination of defined risks which could threaten the operations of a business and in addition, identify those areas where further operational analysis may be required.

Working in partnership with our client is a fundamental aspect of the process and the parameters of the project are agreed at the outset with the client agreeing the areas of risk for investigation.

Threats which may be either insurable or un-insurable may then identified and evaluated using the widely accepted components of Likelihood, Severity and Control, and a prioritised action plan is produced.

Risk Strategy

Information collected during the initial investigations is used to formulate a plan designed to reduce risks to a minimum. A programme will be organised over a realistic time frame, usually 2 to 3 years, and will include allocation of responsibilities, upgrading of policies and procedures where appropriate, and on-going risk evaluation and management.

Training is a vital component of a Risk Strategy assisting with an enhanced "risk" culture, and acceptance of responsibility.

Benefits

The major features and associated benefits are:

· Identification of the major threats to a business within prescribed areas of risk
· Relative assessment of threats in terms of the combination of likelihood, severity and control
· Benchmarking where studies are undertaken at multiple locations
· Development of a prioritised action plan with broad costing indications
· Guidance on the development of an appropriate risk strategy
· Assistance with related Corporate Governance.
· Measurement of the effectiveness of existing management controls
· Development of existing risk management initiatives through a programme of education and training
· Control of the strategic process and over a period a reduction in the "total cost of risk"
· Minimum cost for insurance and risk transfer.

A SELECTION OF RISK MANAGEMENT SERVICES

Formulation of Risk Strategies

An integral part of the risk process is the development of a risk control programme to manage risk in areas such as – property loss control, injury to employees and other persons, damage to reputation through a badly managed response to a problem or crisis, motor fleet risk management, employment legislation.

These arrangements will include the recognition of the necessary procedures and documentation, planning and implementation, organisational duties and responsibilities, training, monitoring and review.

Ongoing Risk Management Programmes

Once developed, it is vital that these strategies are maintained and developed. We can assist from the preparation of the appropriate documentation, transferring skills by training, through to final auditing. Areas that can be covered include:

· Property Loss Prevention and Protection
· Health and Safety Management Systems
· Fleet Risk Management
· Crisis Management – see further information below.

Training

Training is key to a successful risk strategy and we can develop and deliver tailor made solutions to your risk management training needs.

For example, Health and Safety Director responsibilities, Fire Safety Training, Risk Assessment.

Crisis Management Project Management

With a crisis management programme, it is often more cost effective for us to transfer skills at an early stage, and to take on the role of project manager. This will include:

· Training to cover Threat analysis, Critical Assets, Organisation for Crisis management and testing requirements.

· Project management of a Crisis Management Plan. In addition to training this extends to include overseeing of the development of the plan, review and desktop testing.

The service can be extended to include full site visits to assist with identification of the threats and critical assets, if preferred.

Corporate Governance

Corporate Governance in its widest sense seeks to evaluate all areas of significant risk to an organisation. This includes financial and business risk, but many of the traditional risks are sometimes overlooked. This is an area in which we can assist with an Initial Threat Appraisal to identify and evaluate and compare the major threats to the business in key areas of property, health and safety, environmental, natural perils, general liabilities, security, personnel and commercial risks.

Underwriting Risk Information Audits

Surveys of client premises to collect information of the physical and administrative features of the premises and to identify and evaluate risk in areas of Property, Health and Safety, Business Interruption, General Liability.

The capture of accurate information on the risk profile is an essential part of a correctly arranged and costed insurance programme.

For further information about these or any of your Risk Management requirements Please contact David Cartwright at:

T L Dallas & Co Ltd,
Dallas House,
Low Moor,
Bradford BD12 0HF

Telephone: 01274 465500
Email: davidc@tldallas.com