What is RISKARMIS®?

Our RISKARMIS® service is a high-level Risk Assessment survey that helps identify threats to your business and how these can be minimised.

What does it look at?

The survey is tailored to your business and usually includes a mix of some or all of the following:

• a review of your supplier contracts;
• a review of your consumer terms and conditions;
• a statutory and regulatory compliance check of your website; and
• an employment health check and business protection analysis of your employment, worker, and contractor agreements and policies.

Why do I need it?

Complying with your legal and regulatory duties, helps you minimise your risk of uninsured claims, civil, and criminal liabilities, or penalties. Such compliance is not optional. You are unlikely to be insured for all commercial risks that your business faces but that doesn’t mean any such threats to your business cannot be minimised.

Your employees are also one of your most important assets. It is important to ensure that you are complying with your obligations as an employer and protecting your business from the threat of claims and team or individual moves.

Experience shows it is rare that a business is doing all it can all of the time to minimise such risks. Best practice, rules, and regulations change constantly.

What does it cover?

It depends on how your business operates but usually provides an overview of your compliance in areas such as;

• Compliance with the Package Travel and Linked Travel Arrangements Regulations 2018 (where applicable),
• Consumer Protection from Unfair Trading Regulations 2008,
• Data Protection Act 2018,
• UK GDPR,
• Employment Rights Act 1996,
• Equality Act 2010,
• Any other industry specific regulations as appropriate.

What do I get?

The results of a RISKARMIS® assessment will indicate, in simple terms, the extent to which you are complying with your current legal obligations in key areas of your business. It will highlight areas where improvements to reduce your risk exposure can be made, to protect you and your business.

The results of the survey and any subsequent remedial action could be shared with your Insurers. Some clients find that they are then able to secure more competitive insurance quotes as a result, saving your business money.

How much does it cost?

The survey is offered free through some of the organisations we are business partners with. If you are not a member of one of these organisations, please contact tom.mitchell@milesfanning.co.uk for a quotation.

What do I do next?

To initiate a RISKARMIS® review, ask a question, or get a quote, please contact Tom Mitchell at tom.mitchell@milesfanning.co.uk.