Property Risk Surveys
Property risk surveys
Property risk surveys can assist with your insurance coverage and
premiums
Property owners are increasingly challenged by the increasing costs of insurance
premiums, obtaining reasonable insurance terms or retaining insurance
coverage. Property risk surveys can assist by demonstrating proactive risk
management, continuous improvement and corrective actions which will assist
with due diligence and informing risk evaluations.
We conduct property risk surveys to showcase risk management
We conduct property risk survey reports to validate what risk controls are in
place in the areas of business operations, asset protection, public liability and
workplace health and safety. Our reports are comprehensive, targeted, timely
and affordable
Demonstrating effective risk management supports positive insurance
outcomes
Property risk surveys play an important role for business owners, commercial
property owners and insurers in determining risk and liability exposures,
informing risk evaluations, informing insurance terms and providing property
owners with an opportunity to demonstrate effective risk management of their
assets.
Insurance brokers and insurers are increasingly requesting property
risk surveys
Property risk surveys for commercial properties and assets are increasingly being
requested by insurance brokers and insurance companies to accompany
insurance renewals and quotation requests.
The current insurance landscape has seen a spike in catastrophic claims globally
which has forced a hard insurance market. In simple terms, this means that
insurers have re-evaluated the risks they are prepared to underwrite and in some
cases have completely withdrawn from some sectors.
This has also placed an increased level of rigor and assessment on property and
asset owners risk management practices and exposures, this is where property
risk surveys play an important role.
Showcasing risk management practices
This highlights two important factors for business owners and commercial
property owners:
Having sound risk management provisions in place for business, people,
property and assets; and
Proactively demonstrating or “showcasing” these risk management
provisions (compliance, risk controls etc)
An independent property risk report can assist all parties with understanding the
property risk profile as it provides a number of key benefits:
Targets key areas of risk (relevant to the business, property, insurance)
Validates risk controls (elimination, reduction, mitigation)
Identifies risk vulnerabilities and exposures (absence of controls, gaps in
controls, noncompliance)
Recommendations to address risk vulnerabilities and exposures (corrective
actions, risk controls, compliance requirements)
Where businesses and commercial property owners have sound risk
management provisions in place, the property risk survey will formally capture
and report on this. Where risk exposures are identified, the property risk survey
will provide recommendations to assist with addressing vulnerabilities and
exposures.
Our risk survey management program:
Property risk audits form part of our insurance risk survey and management
program which includes (but is not limited to):
Property risk
Business risk
Operational risk
Business interruption
Asset protection
Public safety and liability
Workplace health and safety
Thermal imaging and diagnostics
What we look at
The way we conduct risk surveys:
Our approach for conducting property risk surveys includes information
gathering, review of compliance processes and documentation, risk control
validation and a physical inspection (site visit) of the property.
The property risk surveys are comprehensive and typically capture:
Property, building or facilities
Physical conditions and workplace practices
Plant and equipment
Security systems and infrastructure
Fire equipment, systems and compliance
High-risk areas, equipment or activities
Business interruption and continuity
Our property risk audit report includes observations, risk controls, exposures and
recommendations to address risk vulnerabilities.
The survey content and structure is aligned to Australian standards for risk
management, work health and safety regulatory requirements and industry
structures includin COPE structure (construction, occupancy, protection and
exposure).
A simple process to conduct your property risk survey:
We keep the process simple so that we can conduct our property risk assesments
efficiently, effectively and comprehensively:
1. We arrange a date and time that suits you for a site visit to conduct the
risk survey.
2. We request and review preliminary information and documentation in
preparation for the site visit.
3. We conduct the risk survey during the site visit including physical
inspection, risk information gathering, documentation citation and risk
control validation.
4. We provide a risk inspection report capturing observations, risk controls,
exposures and recommendations to address risk vulnerabilities.
Leadership is risk, safety and management consulting
Simplifyrisk has worked with some of Australia’s most prominent organisations
including the Australian Grand Prix Corporation, Netball Australia and the
Australian Red Cross.
Our ability to simplify the complex, facilitate change and tailor our approach to
our clients’ needs is what we are known for and the reason our clients continue
to engage us.
Our staff are seasoned risk management, health and safety and management
consulting professionals having worked across a wide range of business sectors
for over 15 years.
Sector experience includes:
Government
Insurance
Agribusiness
Major events and sports
Tourism and hospitality
Marketing and entertainment
Not-for-profit and community
Telecommunications
Assets and facilities
Manufacturing
Roads and infrastructure
Construction
In addition to this, we are recognised for our ability to facilitate and deliver
comprehensive business risk survey services to private, commercial and
insurance entities.
Our portfolio of business risk surveys and property risk surveys have captured:
Workshops and fabrication
Manufacturing
Warehousing and storage
Tourism, recreation and sports
Commercial properties and tenancies
and more…..
We pride ourselves on being flexible, affordable and timely in what we deliver.
Get in touch to arrange your property risk survey
Contact Simplify risk on 0417 895 215 or
email ryankellen@[Link] to discuss our services in more detail or to
arrange a property risk survey.
More information and testimonials
If you would like more information, please get in touch. If you would like to see
what other organisation have to say about working with Ryan and the
Simplifyrisk team, refer to our testimonials
page [Link]
