2007 - April

3.0
Information on the company’s activities
The Risk Manager carries out regularly an analysis of the main
insurance policies taken out by Group companies in order to
ensure that the cover in place was sufficient and adapted to
their activities.
All of the abovementioned policies have been taken out with
companies outside of the Group, except for the personal
protection program, which has been taken out with Axeria
Prevoyance, which is part of the Group.
The following table outlines the various policies and their
level of cover:
POLICY TYPE
Executive liability
Broker professional liability
Insurer
(External / Internal)
EXTERNAL
EXTERNAL
In 2007, the following policies were fully overhauled by the
Risk Manager
Broker professional liability;
Financial guarantee;
Banking and financial prospecting;
Universal office risks;
Universal IT risks.
The policies have been fully reviewed and new policies taken
out for 2008. The insurers selected for these new policies
are still outside of the Group.
Cover
€7.5 million
(Sub-limit of €3.75 million for
non separable fault)
€7 million ou €7.6 million
depending on the business of
the company concerned
(all damages included)
Deductible
No deductible
€15,000 or €150,000
depending on the
company concerned
This review is in line with a commitment to managing
risk transfer costs more effectively within the Group,
combined with an optimization of the guarantees
acquired set against the expansion of the Group’s
activities, in terms of both their nature and their volume.
3.6.6. Other specific risks
The risk factor identification process presented above and
more specifically the implementation of mapping processes
in virtually all of the Group’s operational companies made
it possible to identify a series of untreated operational or
strategic risks, both in-house and externally, with the level of
effective control assessed in each case.
On this basis, various internal control projects and potential
subjects for internal audits have been identified. In 2008,
they will be incorporated into the audit plans at Group,
division and company levels, based on an iterative quality
loop, with the risk mappings for 2008.
Franchiser professional liability EXTERNAL €750,000 per damage €7,000
Financial guarantee EXTERNAL €115,000 No deductible
Universal systems risks
EXTERNAL
€5,106,170 (cost of replacement
with new equipment)
€1,500
Universal office risks
EXTERNAL
Maximum commitment of up to
€13.6 million (as-new value of
furniture, material, goods)
€1,804
Supplementary health and personal
protection
INTERNAL (Axeria Prévoyance
for personal
protection)
Standard guarantee for management
and non-management
staff
No deductible
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