IQ-Magazine-Issue-12

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IQ business support NEVER THAT WOULD HAPPEN TO US Helping businesses keep safe, Miles Vartan emphasises the importance of risk assessment and management Over the weekend you have seen an article on TV showing a raging fire in a warehouse. All the stock in the building and adjacent buildings has been lost; the Chief Fire Officer cannot confirm that all those who were in the warehouse when the fire started have been accounted for, and is suggesting that the fire was probably caused by arsonists. Imagine being in this situation and how devastating it would be... ‘Thank goodness that was not us’ you may say to a fellow Director on Monday. But could it have happened to you, and what are you doing now to prevent your company from having to suffer such devastating circumstances? This scenario was discussed when we set up our Risk Management Bureau. Where could you go to get Crisis Management and Business Continuity, Health & Safety and Security advice? Our vision was and is to provide an accessible source of competent advice, which if used, will reduce any company’s risk profile, and be a go-to source of information and help when attempting to assess risk. Making sure that your company is adhering to The Health & Safety at Work Act 1974 is a good starting point for ensuring that all risks are assessed. Auditing where you are in relation to this key piece of legislation will create a clear picture as to where there are gaps in your protection strategy. Recovering from a serious accident where an employee, a contractor or a member of the general public has been hurt or even killed, will put financial performance into stark perspective. As The British Continuity Institute explains, “Business Continuity Management is a holistic management process that identifies potential impacts that threaten an organisation and provides a framework for building resilience and the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.” Spend some time considering your company’s Risk Management strategy and give yourself the comfort of knowing that you are taking positive steps to reduce such an incident from happening. As my Secret Santa mug says, “A little risk management saves a lot of fan cleaning”!! More Information www.milesvartan.co.uk Our vision was and is to provide an accessible source of competent advice, which if used, will reduce any company’s risk profile, and be a go-to source of information and help when attempting to assess risk. issue 12 | page 65
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Issue 12: Feb 15 - Apr 15
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info@cubiqdesign.co.uk | 01638 6664
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