When discussing Risk Management with businesses a question that we get asked on a regular basis is whether our policies are insurance based, and this is a very interesting and pertinent question to be considering.
A good risk policy is NOT an insurance policy, but it can help you keep your business insurance premiums down, especially your Public Liability Insurance.
So the policy document is not insurance, but it will protect you from prosecution if you apply it to your business. This is because it will demonstrate that you have a safe system of work and you have carried out your due diligence in the protection of your workforce and the general public. It will give your enforcement liaison team the ability to defend you should the worst happen.
At Fleet Risk Consultants we have worked to develop a specific policy for small businesses to offer them a cost effective solution to this issue. This unique approach for small businesses will be officially launched at www.fleetriskconsultants.co.uk on Monday 12th January 2009.
An important thing for you to consider when you are looking for a provider for risk advice is whether they have Professional Indemnity Insurance in place to cover the advice they are giving you. A reputable provider will be happy to supply you details of their insurance details.