Today, more than ever, business management should have, as it main purpose, it Human and Heritage resources protection. Frequently, they are exposed to several risks that most of the times the company is not aware of.
Not because it is unknown, it is less important. The real consequences of these risks occur when there is an accident, which, depending on the scale, can affect people, performing or even the existence of the company.
Risks management main goals are:
- People protection
- Preservation and guaranteed of the Heritage
- Preservation and guaranteed of the economic outcomes
For achiving these goals, ADSI will develop an extensive and thorough job in all these steps:
During this first step, ADSI will analize the company performance, risks, insuranced levels and the current warranty state of the different risks.
The conclusions after this first analysis, together with the action points to eliminate or improve the situation, will allow the company a first decision-making.
At the same time, among this step,the existed insurance contracts will be analyzed, with the intention of auditing if the assurance needs are fullfilled.
Once the situation of the insurance programmed is known, we would proceed to the inspection and analysis of the risks, which will allow us:
- To evaluate existing risks
- To detect conflictive elements.
- To determine when, how and where it’s recommendable to work.
- To recommend the operational guidelines to follow for decreasing or stemming the loss’risk.
Risks inventary.
During which every situation will be related, identifying them with their most significative quality, such as:
- Ubication, activity, context, construction features,..
Inspection and risks analysis:
ADSI will study, after the inspection of the different situations:
- The risks they are submitted.
- Quantification of them.
- Protection measures they have.
Transfer of risks.
Once ADSI is aware of the risks that need to be protected and its contingencies, the decision about assuming or giving to a third part the full risk or part of it, will be taken.
When fully known the risks to be protected and its contingencies, we will decide which ones should be transfered to a third party, or which ones the company should assume through the self-insured.
That´s why, it will be necessary to know previously:
- The subject matter of the insurance.
- Coverage
- Sums insured.
With it, an insuranced project will be prepared, which will be the technical base, through wich the insuranced brokers will apply for the possible offers on the insurer market.
ADSI, will take part on this step advising the company about the proposals received, evaluating the technical content and checking the proposed Insurance Programs´compliance degree.
Risk Management
One of the main aspects about risk management is to know risks progress in terms of time, having into account, aspects such as, changes on the way of managing, processing and on the insuranced capital increasement or dicreasement.
ADSI, under request, could monitor it Insuranced Department on these tasks, making sure the fullfilment of the legal and contractual obligations derived from the insurance policies taken from the Insurances Programs.
The identification and evaluation of the Risks by a Team of Professionals allows Companies to make the decision to assume them or transfer them to third parties.