Some of the biggest costs to businesses today come from property-related risks.
As organizations look to create value from rationalizing assets and streamlining supply chains — concentrating assets in the process — so these potential exposures increase. The effects of a badly managed property risk include business interruption, increased claims, damage to reputation and expensive insurance.
In addition, owners and landlords of commercial property are required to uphold a range of property-related regulatory standards to protect their property and the welfare of staff and the public in it.
This regulation requires them to undertake risk assessments and surveys to collate information on the exposures at sites and the adequacy of building design and materials to cope with risks such as fire.
More recent regulation, such as The Regulatory Reform (Fire Safety) Order place further burden of proof for adequate fire safety on the person responsible for the premises.
Critical questions you need to consider
- Are you confident that you have adequately assessed all of your property risks?
- Are you confident that you know what property-related risk is costing your organization?
- Does your Property Damage/Business Interruption claims history require you to develop more effective loss control strategies?
- What steps has your organization taken to ensure it meets its duties under new fire regulation?
- How does the quality of your risk management, level of claims and cost of insurance cover compare to similar organizations?
Additional Thought Leadership
January 09, 2015 | Views: 57347 | Comments: 0
Law puts back in place federal backstop for terrorism insurance first established in 2002. >>
August 14, 2015 | Views: 3609 | Comments: 0
Declines mark the ninth consecutive quarter of decreases, but there were exceptions in specialised lines. >>
August 13, 2015 | Views: 35248 | Comments: 0
Owner Controlled Construction Insurance Programs (OCCIP) allow project owners to purchase a master insurance program to cover all construction, the owner, contractors, architects, ... >>
January 16, 2015 | Views: 24581 | Comments: 0
Are we prepared for the greatest threats to our world? >>
December 17, 2014 | Views: 59121 | Comments: 0
Expiration has implications for almost any line of insurance coverage. >>
November 04, 2014 | Views: 62510 | Comments: 0
Million Dollar Cargo Liability Judgements – And No Insurance?In addition to the greater liability that the carrier or intermediary is taking on through a negotiated contract of car... >>
January 16, 2014 | Views: 43682 | Comments: 0
Top global risks include fiscal crises in key economies, unemployment, water crises, and income disparity >>
December 16, 2013 | Views: 37676 | Comments: 0
The gusting winds, heavy snow, and freezing temperatures associated with winter are normal and often anticipated occurrences throughout most of the world’s cold weather climates. H... >>
October 23, 2013 | Views: 38524 | Comments: 0
The risk exposures and inherent dangers associated with any surgical procedure require that organizations undertake complex preventative measures to reduce the chance of complicati... >>
September 20, 2013 | Views: 37447 | Comments: 0
Toxic mould has become a preeminent concern for property owners and managers. However, mould contamination can be prevented through measures that control moisture, and respond effi... >>
| Change selection(s) to sort. Sort by: |
March 30, 2011 | Views: 69685 | Comments: 0 |
Marsh Canada’s Energy Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the world. Read More...
February 17, 2011 | Views: 69451 | Comments: 0 |
Marsh Canada’s Hospitality and Gaming Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the wor... Read More...
February 17, 2011 | Views: 70476 | Comments: 0 |
The Agriculture industry is competing in a global marketplace where the high cost of Canadian production must be offset by capital intensive investment in productivity. Read More...
April 17, 2011 | Views: 72648 | Comments: 0 |
No two Brownfield sites are identical and for this reason there are generally no “off-the-shelf solutions” to manage the risks associated with their redevelopment. Marsh Canada Lim... Read More...
July 04, 2011 | Views: 72087 | Comments: 0 |
Disasters disrupt thousands of businesses and lives every year. Each disaster has lasting effects to both people and property. Some businesses and services never recover when force... Read More...
February 17, 2011 | Views: 70876 | Comments: 0 |
Marsh Canada’s Construction and Design Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the wo... Read More...
September 17, 2012 | Views: 71638 | Comments: 0
The Marsh Canada Educational Institutions Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing educational institutions in Canada. Read More...
April 21, 2014 | Views: 71516 | Comments: 0 |
Marsh Canada’s Healthcare Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the world. Read More...
February 18, 2011 | Views: 81648 | Comments: 0 |
The Machinery Risk Solutions Practice carefully analyzes the exposures relating to specialized equipment being used by our clients by means of both our risk control and brokering e... Read More...
February 17, 2011 | Views: 70813 | Comments: 0 |
As a manufacturing client of Marsh Canada, you are drawing from the full breadth of Marsh & McLennan Companies’ expertise and service solutions. Marsh has built its business model ... Read More...
| Change selection(s) to sort. Sort by: |
September 29, 2011 | Views: 10392 | Comments: 0
While catastrophe-exposed risks experienced tough insurance market conditions, pricing decreases in other lines of business fostered a stable environment over the past three months... Read More...
July 10, 2011 | Views: 8469 | Comments: 0
Following the first quarter’s earthquake in New Zealand, floods in Australia, and earthquake, tsunami and nuclear disaster in Japan, the second quarter of 2011 brought more d... Read More...
| Change selection(s) to sort. Sort by: |
August 26, 2011 | Views: 105747 | Comments: 0 |
As of 5 am EDT on Monday, August 29, Irene was a post-tropical cyclone with its center approximately 100 miles northwest of Houlton, Maine, according to the U.S. National Hurricane... Read More...
August 10, 2011 | Views: 71959 | Comments: 0 |
Following recent violence in London and throughout the United Kingdom, Marsh produced this client adviser to assist affected organizations. Read More...
November 19, 2010 | Views: 93290 | Comments: 0 |
Soft commercial insurance market conditions are expected to persist through the fourth quarter of 2010, according to preliminary rate information published last week by Marsh. Read More...
October 20, 2010 | Views: 91647 | Comments: 0 |
Typhoon Megi hit northern Philippines earlier this week, with powerful winds, high waves, and heavy rains, according to the Joint Typhoon Warning Center (JTWC). The storm is expec... Read More...
October 12, 2010 | Views: 91500 | Comments: 0
The ninth hurricane of the 2010 Atlantic hurricane season, Paula, is expected to approach the east coast of the Yucatan Peninsula in Mexico tonight with sustained winds of 75 mph, ... Read More...
October 11, 2010 | Views: 91687 | Comments: 0 |
The United States, UK, and Japan issued alerts last week, warning of a possible "Mumbai style” terrorist attack in Europe, including to transportation systems and tourist attractio... Read More...
September 30, 2010 | Views: 91556 | Comments: 0 |
President Obama signed a bill today to extend the National Flood Insurance Program (NFIP) through September 30, 2011. Read More...
September 29, 2010 | Views: 91322 | Comments: 0
Tropical Storm Matthew, the nineteenth named storm of the 2010 Atlantic hurricane season, hit Central America over the weekend, triggering flash floods and landslides across the re... Read More...
September 20, 2010 | Views: 91554 | Comments: 0 |
The 2010 Atlantic hurricane season had been forecasted to being “active to extremely active,” with the 11th named storm (Hurricane Karl) making landfall in Mexico last week. Read More...
September 02, 2010 | Views: 91887 | Comments: 0 |
Earl was downgraded to a category three hurricane today, with sustained winds of 125 mph, and is expected to pass near the North Carolina Outer Banks tonight, according to the Nati... Read More...