Industrial property is normally an essential resource for revenue creation and profitability. Industrial property will normally contain essential stock that cannot be easily replaced or specialist equipment that is essential to the business process.
Industrial property and the machinery and stock it contains is not easy to replace like office space so a combination of Planning, Risk Management and well designed Risk Transfer to insurers is essential to maximise the chances of recovering after severe business interruption or disaster.
Many industrial clients we talk to, believe there is very little they can do to affordable reduce the risk profile of their businesses. This is not the case so we look forward to discussing this in more detail with you.
EMERGENCY: If you are currently suffering from a Disaster or Business Interruption at your Industrial Property we can help! Please contact us.
Industrial Property Risks
Industrial property environments are traditionally high risk when compared to office space due to the presence of heavy machinery, hot works, ground floor access and the often hazardous activities of neighbours. The most common business interruptions to industrial property are for the following reasons:
- Denial of Access
- Power Failure
The risk profile of each industrial property is unique due to it’s use, location, age and current risk mitigation activity. Our unique disaster recovery planning process identifies the risk profile of each industrial property to develop an appropriate (risk based) recovery strategy.
Industrial Property Recovery Strategy
The ideal industrial property recovery strategy starts with a Risk Mitigation approach that minimises the likelihood of needing to invoke a recovery. The recovery strategy will be based around a thorough understanding of essential business processes, equipment and stock. Any risk that cannot be effectively mitigated should be transferred to insurance. Effective business continuity planning and risk management can often lead to significant Business Interruption (insurance) premium reductions.