Proactive risk management: limiting client damage and loss events

Applying Risk Consulting principles and loss prevention strategies to existing facilities, as well to major construction projects, services motor and heavy goods transportation can reduce the likelihood of loss, the extent of damage resulting from the loss related to property and business interruption. HDI groups these distinct business lines under the banner of HDI Risk Consulting.


Scope of services at a glance

HDI Risk Consulting

HDI Risk Consulting provides clients worldwide access to more than 180 engineers and specialists in electrical engineering, construction, mechanical engineering, vehicle manufacturing and other industrial disciplines. Based on their specific business requirements, clients are assisted in identifying and quantifying risks and in implementing cost effective damage mitigation and loss prevention solutions. A brief overview of our service capability is given below.

  • On-site inspections
  • Performance of property risk and business interruption analysis as well as development of fire-protection action plans
  • Risk reduction action advice and support
  • Training to improve operational safety and security standards
  • Development of emergency action plans to minimise the consequences of damage following loss events
  • On-site support for installation and construction projects
  • Risk inspections of technical plants and systems conventional and renewable power generation in particular
  • Risk dialogue based on our expert knowledge and experience as an industrial insurer
  • Real-time monitoring of shipments worldwide using our global Risk Consulting team
  • Development and implementation of safety and security related strategies to ensure damage-free shipment and handling
  • Training in a range of logistics related disciplines, including packaging technology and load securement
  • Assistance with the organisation of multimodal shipments, e.g. route surveys
  • Assistance with cold-chain risks, specifically where pharmaceuticals are involved (GDP)
  • Enhancement of warehousing, and review of shipping conditions for automotive logistics
  • Analysis of natural catastrophe (NatCat) exposures for global supply chains and development of strategies to ensure their robustness
  • Risk and safety-related assessment of fleets and development of specific risk prevention action plans
  • Comprehensive, detail-focused advice on the issue of fleets/vehicle pools plus conduct of and support for negotiations with service providers
  • Technical and logistical organisation of accident repairs for cars and vans within a proprietary garage network
  • Risk-related analysis of car dealerships and development of specific fire and theft-prevention action plans

Highlights

Worldwide risk analysis and loss-prevention support provided by a global network with a presence in 21 countries

Based on sound risk analysis, risk engineers assist worldwide with the implementation of damage mitigation and loss prevention strategies.

NatCat, burglary/theft, business interruption support

Our risk engineers worldwide can conduct location-specific natural hazards as well as analysis of burglary/theft, business interruption and other location or client-specific exposures as requested for all lines of business (property, marine, engineering, services, motor).

Safety and security takes priority

Specialist analysis development of specific protection strategies and provision of professional property protection advice following loss events.

Production process and supply chains vulnerability analysis

Analysis of business interruption and supply chains exposures. Development of business continuity strategy via a combination of mitigation measures and risk transferral.

Construction planning support

Project-planning, co-ordination and liaison assistance with regulatory authorities for both new construction and building extension projects.

Early identification of technical malfunctions

Risk engineers conduct status test, e.g. on machinery and technical systems, in order to identify possible malfunctions in time and prevent loss events.

Client-specific vehicle fleet support

We provide specific support to vehicle fleet operators and create tailored risk strategies jointly with them.


Experts’ tip

Take active measures to prevent damage from heavy rain

Heavy rain can flood entire streets or even parts of cities in a very short period of time. For example, according to the German Meteorological Service, in May of this year more than 150 litres of rain fell per square metre, in some cases within 12 hours - throughout Germany it rained an average of 770 litres per square metre for an entire year (GDV 2018).The experts at HDI Risk Consulting (HRC) therefore recommend actively limiting potential damage by taking the following measures:

  • Ensuring sufficient roof and location drainage in addition to cleaning and servicing twice a year wherever possible
  • Sealing doors, windows, cellar shafts and areas where there are supply and drain lines
  • Preventing the sewage system from overflowing by inserting non-return flaps
  • Moving critical equipment such as IT, heating and power supply systems to elevated locations
  • Developing and updating operational contingency plans on a regular basis