Risk management

Risk management has been defined as:

“The identification, assessment and prioritisation of risks, followed by co-ordinated and economical applications of resources to minimize, monitor and control the probability and/or impact of unfortunate events”.

In practical terms this means ensuring there is a detailed understanding of how and where a business operates so that the risks to which it is exposed to can be quantified and a process found to mitigate, reduce or remove them.

Demonstrating an understanding and positive management of risk are key factors in the design, extent of and cost effectiveness of any insurance programme.

At Towergate Milton Keynes we undertake a detailed review of activity and risk exposures, then provide practical advice in implementing effective management and/or insurance of these risks.

Some examples:

Please note these services are not regulated by the Financial Services Authority.

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