Welcome to our new online hub for risk and continuity guidance

Posted on: 05 June 2019

It’s not enough to periodically cross off points on a checklist. New risks are constantly being introduced to workplaces, while existing ones evolve and old ones resurface. If your business is going to carry on today, tomorrow and each day that comes after, risk management needs to be front of mind in your everyday business operations.

Staying in control in a world of risk, hazard and change and ensuring your business is going to thrive, survive and its people are being kept safe, is the responsibility of all business owners and managers.

We’ve created this website to help you understand and control work-related risks by sharing the knowledge and expertise our team of loss control engineers has developed through many years of experience surveying businesses. You’ll find a library of guidance that has been produced by subject matter specialists and is designed to help you avoid a wide range of disruptive scenarios.

The difference between a 'risk' and a 'hazard'

If you ask your search engine of choice for a definition of 'risk' you should come across lots of phrases including words like 'danger', 'harm', 'damage', 'loss' and 'threat', as well as 'possibility', 'probability', 'potential' and 'uncertainty'.

In the context of the guidance in this website, risk is the probability of being harmed by a hazard; and a hazard is something that can cause harm. For further clarity, when we talk about 'risk management' for your business, we’re dealing with what can be reasonably foreseen.

What is 'business interruption' and 'continuity planning'?

Business interruption is non-physical loss caused by any event, big or small, that makes it challenging or impossible to continue normal business activities. Continuity planning identifies the potential for interruptions and the counter-measures required to (a) prevent and (b) minimise any interruption. 

If the business can’t operate as it usually would, and it’s losing money, its reputation is getting damaged, or customers are going elsewhere, it has been interrupted. An effective continuity plan should make the business more resilient and adaptable so it can endure temporary change while the business recovers from the cause of the interruption.

Examples of what might cause interruption can be found in the ‘Business continuity’ section on this website.

Prevention is preferable, but don’t neglect the cure

It should be obvious that stopping a bad thing from happening (risk management) is better than coming up with ways to deal with the consequences (business continuity planning), but both are important.

In theory, if you keep the cycle of risk management going, doing as much as is reasonably practicable to identify, eliminate and control risks, you shouldn’t need to use your business continuity plan. Unfortunately, theory doesn’t match up to reality and it must be accepted that there are things that can’t be foreseen or controlled, such as severe weather events, crime and the actions of other people. For this reason, business owners need to be prepared for all sorts of scenarios.

Get to grips with your risks and continuity

Make sure you’re driving your business safely and securely by using this website to help with the continuous management of risks.

Our 'risk topic' guidance pages are split into categories to help you narrow down your search if there’s a particular subject you have in mind:

Alongside the guidance, we’ve created some form and checklist templates to give you a starting point with certain matters, and in the ‘Support’ section there’s a range of trusted suppliers who can help with an array of risk management issues.

Also within this site, you’ll find a ‘business impact assessment’ tool that may help you identify scenarios that that should be factored into your business continuity plans.

I hope you find ‘Allianz risk management’ to be a useful resource and that it helps you stay in control.