Benchmark Review Report Risk Management Tool Launched by Haven Knox-Johnston
by Haven Knox-Johnston Commercial 29 Sep 21:17 AEST
Benchmark Review Report © Haven Knox-Johnston Commercial
Haven Knox-Johnston Commercial, the marine trade insurance experts, have launched a brand-new, highly useful risk management tool to help businesses of all shapes and sizes trading in the marine environment to assess their exposure to risk. The 'Benchmark Review Report' provides businesses with an important starting point when it comes to understanding their unique risk profiles.
Risk management forms the cornerstone of insurance and is a vital topic for organisations to dedicate time to and focus on, ensuring stability and long-term continuity. The new 'Benchmark Review Report' is an independent health check for businesses which looks to help not only spot areas of risk that need to be addressed, but also provide reassurance on the areas that don't.
Malcolm Stewart, Head of Haven Knox-Johnston Commercial, said: "Identifying areas of weakness and understanding opportunities allows for effective strategic risk planning. A periodic review of risk can help provide a solid story to take to your insurers and can demonstrate the tangible evidence needed to confirm you are a better risk when it comes to setting premiums and conditions. As a dedicated advice-based marine insurance broker, following the review we can offer appropriate insurance solutions to protect your business from the risks identified."
Completion of the Benchmark Review Report provides a high-level view of business performance against five pillars of risk management: people, asset protection, resilience, cyber risks and motor risks. It provides a red, amber or green score for each pillar, along with a summary of reasons and recommended actions for the red and amber areas which is designed to be clear and insightful. The report highlights where meaningful risk reduction is possible, outlining the potential consequences of unaddressed areas and the benefits of taking action.
As marine trade insurance experts, Haven Knox-Johnston Commercial fully understand the challenges and complexities businesses in the marine industry face across day-to-day activities and are on hand to help with practical advice and appropriate policies to guard against risk. To find out more visit HavenKJCommercial.com or call the team on 01905 930 760.