Risk Mitigation and Evaluation
Business environment is evolving each and every day across the world with new risks emerging in ways that are both challenging and difficult to cope. Basket One Consulting and Advisory Limited will create both opportunities and solutions in managing these risks to allow your business to enjoy the positive changes and security to continue as each daily cycle repeats.
We will work closely with you and other experts to analyse and design cost-effective risk mitigation programs by looking at exposures inherent in your operation. On-site consultation is provided to help you with setting up management driven programmes for risk control and cost reduction. We will design comprehensive programmes that could cover areas such as Effectiveness Assessment, Training Services, Data Analysis, Loss Control and Alternative Risk Financing Strategies.
Utilizing our strength and experience, our dedicated team will collaborate and work with you to discover the optimum risk management solutions for your business.
Risk Mitigation and Management Services
Basket One Consulting and Advisory will work closely with our clients and other experts to analyse and design cost-effective risk mitigation programs by looking at exposures inherent in your operation. We have comprehensive programmes that could cover areas such as Effectiveness Assessment, Training Services, Data Analysis, Loss Control and Alternative Risk Financing Strategies.
Alternative Risk Transfers
Buying insurance is not the only method in handling risk exposures. Basket One Consulting and Advisory Limited offers advice on alternative risk transfer techniques, including the most popular method of captive insurance as well as other non-traditional insurance tools and strategies. ART not only mitigate risks, they can be an effective way to save you money and, otherwise paid to primary insurers, thereby enhancing your bottom line and assist you in quicker recovery from any loss.
Disaster Recovery and management Services
In an ideal world, every business must be prepared should a disaster strike. These may include storm, flood, hurricanes and the continuing problems of terrorism around the world. Due to the above many corporations are putting into place a business continuity disaster planning system and procedures to face such an outcome if it materialized. Business continuity disaster plans enable companies to protect their employees and assets and restart operations in a fast and efficient manner. Since no two organizations are the same, we will assist you to develop, set up, implement and review a customized plan by performing the following:
- A risk control manual that clearly defines roles and responsibilities, including support organization functions.
- Emergency situation management and responses.
- Recovery locations and emergency operations centres.
- Continuing operations [manual management] until technology is repaired.
- Information Recovery Procedures.
- A business continuity/disaster plan awareness program through-out your organization. It is strongly recommended that you consider the above since this is critical in preventing a major catastrophe.
