Risk Analysis and Management

We believe your insurance needs to fit your business and the specific risks you face. You need to understand the risks and take steps to mitigate them. Applying good risk management can help ensure you get the right cover and in some cases, it can reduce the cost. Our team will work with you to get to know your business and provide ongoing risk management advice to ensure your business is fully resilient.

Risk Analysis and Management

Our risk analysis covers:

Visit
A visit to your premises to understand its construction and security. Where applicable, this may also involve visits to contract sites and those of your customers and suppliers.

Review
A review of your companies’ assets.

Business Understanding
An understanding of your businesses’ customers, suppliers and dependencies, including anticipated growth areas in terms of both product and geographical location.

Reinstatement Values
Establishing reinstatement values for the assets upon which insurance is required, keeping a close eye on fluctuation in stock levels and proposed capital expenditure in the forthcoming 12 months.

Contractual and Financial Position
A view of the business’s contractual & financial position.

Liability Limits
A review of liability limits required by customer.

Claim Analysis
Analysis of past claim causes, costs and options for mitigation

This process is conducted by one of Castlemead’s senior team and they will be your point of contact throughout. We are on hand to provide ongoing risk management advice to support your business.