Awareness and concern for natural hazards has increased significantly in recent years, both from internal risk management as well as insurance liability perspectives.
TÜV SÜD Global Risk Consultants (GRC) regularly helps companies identify these exposures, evaluate their severity and potential impact, develop action plans, and implement cost-effective mitigation strategies at the local site and corporate levels.
An effective natural hazard analysis and control program is based upon simple, basic data. TÜV SÜD GRC acknowledges the importance of this and collects both primary and secondary building and site data, which can then be imported into hazard modeling programs. Using this collected data, aggregate loss potentials can be developed across a portfolio of properties.
TÜV SÜD GRC’s engineers are trained in natural hazard analysis and identification, allowing them to gather accurate information regarding critical construction and building envelope elements, as well as site-specific features. Each assessment will identify key non-structural recommendations and any remedial action that can be taken to minimize the potential property loss and subsequent impact on ongoing operations.
Since these types of losses frequently fall under the deductible of most insurance programs, benefits will accrue directly to your company’s bottom line.