RISK MANAGEMENT

Risk Management

As a business owner, you need to know about the risks you face. Some risks are obvious, while others only reveal themselves to someone who knows where to look and what questions to ask.

LMG Insurance Brokers Ltd works with you to identify trouble before it happens and suggest ways to control, reduce or eliminate risks altogether.

To learn more about the benefits of loss prevention, speak to one of our specialized insurance brokers, they have the knowledge and expertise to advise you on whether a loss control inspection is necessary for your business.

 


 

Business Safety Tips

The ability of your business to quickly recover from an unexpected event is a priority we share. But we also want to help you protect your business now, before something happens. So you can focus on doing what you do best – running your business – without interruption. That’s why we put together this simple checklist of workplace safety tips to help you safeguard your business.

Simple things you can do to keep things business as usual:

  • Place portable fire extinguishers throughout the premises, and have them serviced and tagged annually
  • Store combustibles far away from ignition sources such as stoves, electrical panels and light fixtures
  • Have fire protection equipment such as sprinkler systems, fire alarms, and fixed extinguishers serviced and tagged on a regular basis
  • Ensure that electrical repairs and upgrades are conducted by a licensed electrician
  • Arrange for illuminated exit signs, emergency lighting and back-up power generating equipment to be inspected and tested on a regular basis
  • Keep exits clear and accessible at all times, and make sure self-closing fire doors are always fully closed (not wedged open)
  • Keep all indoor and outdoor walking surfaces smooth and even
  • Conduct effective winter maintenance (snow shoveling, salting etc.) on your property as soon as possible, and keep a record of when duties are performed
  • Install exterior lighting on your property as a way to deter break-and- enters
  • Remove bushes, shrubs or other objects close to the perimeter of the building – they could be used to conceal potential intruders
  • Always store sums of cash and valuables in a safe labeled with its burglary resistance rating
  • Store duplicate computer information off-site; data kept on-site should be stored in a fire-resistive safe designed for the storage of electronic media
  • Establish guidelines for employees who handle cash
  • Stagger deposit times and visits to the bank
  • Exercise key control and limit access to safe/vault combinations
  • Develop procedures to be followed by employees during a robbery
  • Conduct routine audits
  • Do not place high-end or target merchandise in or near display windows
  • Perform criminal checks on current and potential employees
  • Maintain accurate and accessible inventory & equipment records

Let us know how we can help you

Have questions or need to find the right coverage? We can help, contact us today.