Risk Consulting

Risk Consulting 1 (1)

The International Standard for Risk Management (ISO31000) defines “risk” as “the effect of uncertainty on objectives”. Any organisation that has plans in place to achieve a variety of financial, operational or other goals is exposed to risks.

How you identify, analyse, evaluate and treat those risks will be unique to your organisation’s structure and operations. That said there are guidelines for good practice that exist and we base our risk consulting work on these guidelines.

Our experience

We have provided risk consulting services to new businesses that have made a start on designing and implementing a risk management strategy, through to larger organisations that are looking for some practical guidance to take their risk management efforts to the next level.

How we can help

Talk to us about Alternative Risk Consulting
For more information or to seek our help, please contact our specialist team at Barrack Broking.
Insights
Market UpdateImpact Of Climate Change
10 Sep 2020

The impact of Climate Change

By Barrack Broking
IAG and the US-based National Center for Atmospheric Research (NCAR) have released the second edition of the Severe Weather in a Changing Climate report. The updated report incorporates new research and feedback from the scientific community and reinforces that extreme bushfires, tropical cyclones, storms, hail and floods are becoming more frequent and intense in a […]
Risk TipHazardous Materials 2
14 Aug 2020

Flammable Liquid Risks

By Barrack Broking
Flammable liquids are one of the largest groups of hazardous materials. Vapours are invisible, they spread quickly and ignite easily, causing an explosion/fire that includes rapid flame spread and is extremely difficult to extinguish.  While substituting with non-flammable alternatives is the only way to eliminate this risk, there are steps you can take to manage it.  Contain your flammable liquid risks  Where possible, it is best to substitute […]
Market UpdateCanva Lightning And Tornado Hitting Village (1)
21 Jul 2020

Risky Business: A risky year for directors and officers

By Barrack Broking
Directors and officers are required to adhere to a raft of rules and legislation when operating a business, including corporate and prudential; work, health and safety; environmental; copyright; and customs.  The direct impacts of the 2020 bushfires and Covid-19, as well as the subsequent and sustained financial downturn, will create significant additional risk to company […]
Risk TipClaims Management & Consulting (1)
21 Apr 2020

Impacted by bushfires? Take our six simple steps in making a property claim

By Barrack Broking
Bushfires have an immediate and ongoing devastating impact on many communities, be they directly hit by fire or indirectly affected. Insurance has its role to play and we’ve seen a number of insurers setting up emergency response procedures. We anticipate that for the large majority of policyholders, their claims will handled through these processes and […]
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