Every organization is exposed to various risks. While pure risks are handled as operational and safety issues by professionals, finance personnel have to address the risks arising out of failure of above operational and safety measures. Sometimes the interface issues between technical and financial operating systems remain unaddressed. An exercise on Risk Management and Insurance Planning is required for any organization to review their risk management strategies and to opt for risk transfer measures like availing insurance cover etc.
Considering the problems arising out of compartmentation of activities of any organization, an unbiased study by an external agency on technical risk management measures adopted and insurance practices followed will help the management of the organization to manage the risk effectively and profitably.
Circles Safety has a team of risk management and insurance planning experts with a wide experience of each having over 17 years in the relevant area. The team members have carried out similar studies for organizations belonging to various sectors like fertilizer manufacturing, power plants, mines etc and helped the managements of those organizations to manage their risks effectively and profitably. The suggestions made by the team are technically possible and practically viable.