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Composite Insurance Broking Services |
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The strategy for allocating risk amongst stakeholders should be undertaken on a rational basis based upon the risk profile of the project and factors such as the degree of control over the activity, expertise in relation to controlling the risk and financial capacity to fund a loss.
Risk allocation and transfer are undertaken essentially through contract or insurance. Contractual mechanisms include indemnities, warranties and hold harmless provisions.
Our work in property loss control is centered around the fundamental question on how to integrate risk control improvements recommended by risk engineers with appropriate actions within the company. Systems for monitoring and analyzing performance can be used to ensure accountability and to ensure accurate reporting to all stakeholders.
Where required, our team of experts are able to conduct surveys on property, plant and machinery risks directly for our clients. This would include training and education on technical aspects of risk identification and assessment techniques and loss control.
Our team of risk management specialists focus on reducing the frequency of worker injury, assisting injured workers to faster recovery - to work and reducing the cost of insurance. The team develops comprehensive programs to ensure a safe work environment is maintained at all times. This includes assisting in the development of policies and procedures, training and education programs.
In all countries, as international laws are created, companies conduct business globally and governments legislate to protect consumers, liability issues are becoming increasingly onerous. We understand how companies can be liable for acts and omissions. Through workshop based risk assessments, or through our team assessing liability risk exposures, we can focus on what can cause an organization to be exposed to general, product, professional or directors' liability risk.
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