Improve Your Risk Evaluation and Control #3

Identifying new risks and additional controls can provide visible and evident benefits to the organization but can initially seem daunting.  By following these tips, you can expedite this step and grow your network while enhancing your organization’s defences.

Tip #3 Examine the facility inspection

While speaking with the risk manager, ask for a copy of any recent inspection of the facilities conducted by your insurance carrier.  If one has not been completed recently, your contact may be able to request one.  Ideally, you should accompany the insurance inspector as he/she examines the facilities.  Analyse the report and follow-up with the inspector on any questionable details.

Discuss with the inspector his/her estimated recovery time for each risk identified.  This will give you a basic idea of how long you may be without your facilities after certain events. The inspector might also have an understanding of other high risk operations in your area. Taking full advantage of this resource can save you time and money.

Return tomorrow for our next tip…

(For more information on DRI’s professional practices please read Professional Practice One – Program Initiation and Management DRII Professional Practices  June 1, 2012 Version 1)

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