Systematic risk assessment

Things are going well, but the unexpected may always happen. What can you foresee possibly happening, and how would it impact your business? We can help you review this systematically.

It is not just disasters like a fire or a flood which can affect you, but catastrophic loss of data from your computer, due to a virus or hardware malfunction could also be disastrous. How would you recover from such a set back, in detail, and how long, realistically would it take? When and how would you start to be able to trade again? What does you insurance cover and would you be seriously out of pocket?

Are there other factors which could affect you, like a new road, a new development, a pollution accident, expiry of a lease, loss of a major customer perhaps following a take-over, a new regulatory regime or other possible sequence of events?

Might you suffer an unexpected financial penalty, like an industrial tribunal award, a claim for damages, a fine for pollution or under the Health and Safety at Work Act, or tax? See Tax for some possible tax risks. Could you survive such a penalty financially, and what preventative measures could you take hopefully to avoid being penalised?

We can help you take a realistic look at possible risks to your business, and to formulate plans to cope with them, so that you can respond nimbly and minimise the damage. Please Contact us.