Risk self assessments

Risk Engineering Self-Assessments

Analyze your own property loss control risks

Analyze your own property loss control risks

Self-Assessments Built by Engineers

Property risk engineering self-assessments help organizations understand their own property loss control risks and fill in gaps in their underwriting COPE data. In cases where in-person inspections are not practical, self-assessments empower organizations to get a better understanding of their risk profiles and take meaningful steps towards mitigation.

Self-assessments consist of a detailed questionnaire filled out by staff at the facility level. Self-assessments can include standard assessment data fields or be upgraded to a completely customized version tailored to a company’s unique requests. If desired, risk engineers can then analyze the questionnaire and provide recommendations to mitigate risk.

HOW RISK ENGINEERING SELF-ASSESSMENTS WORK:

  • Choose our standard questionnaire to distribute to teams at locations around the world.
  • Upgrade to a customized package that includes an initial consultation with risk engineers to develop a customized questionnaire unique to your risk profile. The package also includes a post-assessment evaluation where risk engineers examine the raw data, crunch the numbers, and make recommendations to help reduce potential risks.
  • All data metrics are available for download.

Large multinational organizations use risk engineering self-assessments to analyze risks at smaller facilities where it doesn’t make financial sense to send risk engineers in person.

For example:

  • A company is hoping to prevent fire losses at facilities around the world. A self-assessment can help determine if there are issues such as: sprinkler protection without routine inspections or human element programs that are inefficient in protecting against human error.
  • A company wants to protect against natural hazards. A self-assessment can determine each location’s past natural hazard event history and check for mitigation strategies. 
 

SELF-ASSESSMENTS FROM TÜV SÜD GRC:

  • Speed – TÜV SÜD Global Risk Consultants can deploy self-assessment questionnaires in days – not weeks.
  • Assess all facilities, not just your largest or most vulnerable – With self-assessments, no facility gets forgotten. Self-assessments help find risks at facilities where human element and fire protection mitigation strategies are not always scrutinized for best practices. Furthermore, the value of these locations may fall under the insurance deductible. That means losses are self-retained by your company, affecting profitability.
  • Cost effective – Our standard self-assessment is an affordable way to gain critical information about your risk profile so you can take appropriate action.
  • Position yourself to handle the hard insurance market – With data about more locations, risk managers have a better story to tell underwriters, which can help insurance placement – especially in today’s hard market.
  • Customizable content – Self-assessments can use standard data fields or be upgraded and customized according to your unique needs.

TÜV SÜD Global Risk Consultants: The leader in Self-Assessments

GRC has the engineers and capability to deliver standard or fully customized self-assessments to companies in all sectors upon request. We have already worked with some of the largest companies in the world to help them better understand their risk profile using this method. With self-assessments, risk managers are in a better position to develop strategies to protect their facilities from their most critical risks. Upon request, GRC engineers can offer suggestions on how to reduce critical risks.

Contact us if to learn more:

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