文档介绍：Insurance
Risk Management
CGU/ RISK MANAGEMENT
INTRODUCTION.
enerally speaking, where an insured demonstrates a responsible attitude towards risk
Gmanagement and implements necessary safeguard and preventative measures, this action
tends to lessen an insured’s business risk profile. Consequently, and CGU Motor Trade
Insurance saw a need to develop a suggested Risk Management Program for its insureds.
PURPOSE
he main purpose of this document is to assist small Motor Traders to appreciate, identify and
T control certain risks in their business. Accordingly, this document provides basic, yet useful,
information for insureds including tips and tools necessary to allow small Motor Traders to get started
on a path that would ensure that they can avoid, eliminate and reduce risk and hazards.
The information contained in this document is general, indicative information only. Accordingly, we
encourage you to consider implementing prehensive quality management program that will
cover all facets of your business in conjunction with advice from an independent, licensed financial
adviser or expert risk manager. Please be aware that implementing any or all of the suggested
risk control measures contained in this document is no guarantee that an insurer will reduce the
premiums which you might pay.
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CGU/ RISK MANAGEMENT
CONTAINING THE COST OF RISK
In today’s insurance marketplace, business insurance premiums are rising faster than at any time in the past
twenty years. A number of factors are forcing insurers to not just increase premiums, but to also reassess the
viability of providing risk insurance for some of the occupations/business types they insure.
As a Motor Trade business owner, the challenge is to present your business risks to insurers so that they will
offer terms and premiums sustainable to both parties.
As part of their evaluation process, Insurers will look at the nature of the occupation, the sp