How can risks be identified?

A detailed risk analysis will identify all the potential risks, such as fire or hacker attacks, and prioritise them based on your answers to the following questions: 

• What could threaten the existence of my company?
• How high is the maximum loss to be expected?
• Who pays if a loss is incurred?
• How high an excess can I afford per claim event?

The risk catalogue produced via this process can be used to determine and then conclude the insurance policies needed. The risks faced by a company should be regularly reassessed to ensure that it continues to benefit from the optimal insurance solution even if circumstances change.

As the risk analysis process is extremely challenging and requires a great deal of expertise and experience, VZ will be happy to assist you with this process.