Professional specialist risk management consultants, due diligence investigations, assessment and control of risk. We draw upon the expertise of our private investigators, mercantile and security staff, and their wide breadth of experience, encompassing many associated fields. Phone 1300 966 103, 24/7 email us at [email protected], free quotes.
The basics: A hazard is a problem, a risk is associated with that hazard. The risk is generally comprised of two components, being the probability of the risk eventuating and the consequence of that event happening. There is a multiplying effect of repeated exposure (something that you get away with once may bite you if you continue to risk it).
Generally, you can establish controls to attack
either the probability of the event, or the consequences of the event
occurring. There are times when you can reduce your exposure to repeated
events (often utilising a third party for the task), but you may not be
able to reduce the consequences for the job timeline, of using a third
party operator.
Once you decide on the controls they must be
implemented, and assessed for effectiveness. You must also check that no
unintended effect has been created. This is the basics of risk
management. Failure to address risk is a bit like playing with a
grenade. It might not go off in your hands, but.......
Things that are often incorporated as part of your risk management may include: Probity Checks for all new employee's (Resume verification) and prospective clients or business partners. Background research before starting a new venture, sometimes referred to as 'Due Diligence'. Financial reviews, Keeping Debt in check, Having sound Terms and Conditions and ensuring these are accepted by clients, Good record keeping, Training and competent staff. Also ensure you read any big business contracts, and have them reviewed by a legal third party, before signing.
Due diligence investigations related to work injuries; the requirement to investigate suspected Workplace Injury insurance fraud, Workplace injuries are a great financial risk, as the impact the
company in both the short and the long term, with regards premiums, and
government department action. These are the more conventional Risk
Management area's.
Now the more unconventional risks: Dealing with protests and protesters, dispute resolution, breach of duty, breach of contract, breach of franchise conditions, industrial espionage (spying), theft of intellectual property, these were once remote risks. Industrial espionage (spying) has become an option in the toolbox of the social warrior. Industrial sabotage, including contamination of product, theft of dies, or parts, crucial to the business (often then dumped).
There is environmental sabotage or feigned
environmental disaster, distorted research, online profile and social
media attacks (including using Not For Profits as fronts), surveillance
and counter-surveillance, robbery, personal security risk (bodyguards
etc). These can be like dealing with a time-bomb! 24/7, when you need to
deal with these send an online inquiry to us.
These were all once considered remote risks, however activism, Union thuggery, and the entitled protester able to justify, in their own mind, criminal actions, have all arisen in recent years. These are now real risks. We do give free quotes. For urgent
matters a phone call is recommended.
