Effective risk management is fundamental to a successful event

E ent risk analysis

management and controls for safety and emergencies, effective event management is becoming a top focus and a significant concern for event organisers.

An experienced organisation brings together expertise in risk management, analytics, handling risk and insurance management for event organisers and venues across the UK providing effective solutions. They act as an extension of the organisers’ staff with a focus on risk and insurance issues, allowing them to focus on their primary task – producing outstanding events.

Every event comes with a variety of risk issues that could potentially impact normal operations and cause an interruption and/or a financial loss, of both an insurable and non-insurable nature.

To assist event owners, risk analysis will help evaluate the effectiveness of risk management controls for any event.

Risk analysis will look at risk management under the following key areas: Security, information technology, environment, finance and management, contracts, site services, loss control (health and safety, fire medical) and emergency response planning.

Risk analysis will examine the current risk management controls in place and evaluates them using a categorised risk rating.

The risk rating will be based upon an evaluation of the effectiveness of the existing controls that are currently in place, such as policies, procedures, transfer mechanisms, or physical measures that are designed to reduce the magnitude of the risk’s impact and/ or the likelihood of it occurring.

Risk ratings are derived from a benchmark of the reviews of risk controls used by other events and venues. The benchmark experience includes summer and winter events, conferences, sport stadiums, sports tournaments, weddings and music concerts. Provides a benchmark management controls similar events and venues.

Outlines risk improvement recommendations that will assist in the operational planning of an event. • Is an effective risk management tool to control and reduce insurance premiums. Demonstrates that a robust risk management program/approach is in place. Regardless of the size of event, understanding the potential risks associated insurable and non-insurable will help to make the event successful and memorable. • • • of risk against