The next IOSH ‘Managing Safely’ course will be held in Glasgow 10-13 May. Special early bird rate available for bookings made by 15 April. The course flyer and booking form is available in pdf format, click on the link below to download your copy:

 iosh-course

 

80% of businesses affected by a significant disruption close within 18 months of the event taking place because they had no continuity plan.
(Source: London Prepared Website - Business Continuity Advice)nsurance and Risk Management are directly linked. Having a proactive approach to risk allows an organisation to demonstrate it’s commitment to good Risk Management practice should an insurance claim be raised.

What is Risk Management?

The principles of risk management are simple and can be adopted by any company. Large complex organizations will require more complex solutions but for the average SME business, risk management is an important and cost effective tool.

“It is not just about insurance, it’s about managing risk. All companies face threats and our role is to help them identify, manage and control them. The business benefits to properly managing risks can be enormous.”   Craig Eason, MD of IMG Ltd

Managing Risk

The management of risk is a fundamental business issue, by breaking risk down into different categories we help companies identify and manage these risks. Many risks faced by a business are not insurable and how businesses manage these can be critical to their growth and prosperity. We offer IOSH accredited Health & Safety Training as part of effective Risk Management and control.

The Cost of Risk

The cost of implementing the appropriate measures, e.g. Health & Safety compliance, should outweigh the consequences of not taking action. The true cost of risk is very much like an iceberg with the potential cost of non-compliance dwarfing the cost of managing the risk.

Case Study

Last year the financial cost to a Company involved in a serious Health & Safety investigation was £20,000 in fines. In addition, the three Company Directors had legal defence costs totalling in excess of £900,000. The loss of business reputation is unquantifiable, not to mention loss of production time.

Compare this loss to the cost of implementing a robust system of managing safety, which would have helped to prevent the accident and defended the Company in court - The benefits are clear.

Our Diligence product has been specially designed to meet the industry specific Insurance and Risk Management requirements and is available for a wide range of Industries including Hospitality, Care Homes and Manufacture. Inventive Step has been designed for Technology and Life Science.

For Further Information Call 0141 225 1777 or   Email Us.