Business Risk Assessment
Echelon Australia provides a strategic approach to risk management that combines the management of operational risks with financial risk management techniques. This Business Risk Assessment addresses risk exposures in an integrated, organisation-wide context.
The Business Risk Assessment incorporates:
- Hazard identification
- Hazard analysis and evaluation
- Determination of the risk’s insurability
- Recommendations on procedural enhancements to reduce risks
- Calculations of the total cost of risk facing the organisation
- A framework for the daily management of risks
Adopting this strategic approach:
- Facilitates informed decisions regarding risks exposures, controls, retention capacity and risk financing alternatives
- Promotes efficient utilisation of financial resources (especially risk financing)
- Ensures compliance with statutory requirements
- Assists due diligence responsibilities of executive management
- Entrenches a risk management attitude into the organisation’s culture
For further information please contact us.