As companies grow in size and cross geographical boundaries they face considerably more complex risks. The issues that arise from conducting business across geographic, cultural, and legal lines creates additional pressures and compounds existing ones that companies must face, such as:

 

• Natural risks.

• Man-made risks like terrorism, etc.

• Business interruption.

• Political risks.

• Crisis Management / Disaster Management.

• Employee-related risks and issues like cultural differences, etc.

• Regulatory and Corporate Governance issues.

 

ISHAN INSURANCE can help you mitigate these risks using their local expertise and access to our global network of resources that work together to help companies address these and other risks. Since creating the proper solutions requires identifying the appropriate issues, we objectively analyze our clients' businesses through a variety of risk management processes.

 

Once we create a risk profile that accurately reflects a client's entire organization, we design and implement solutions that may involve traditional insurance products, alternative financing techniques, or an entirely new product created to address a specific problem.

 

We offer the solutions for the entire risk management process

The Process of Risk Management as is well known involves:

• Risk Identification, Analysis, Avoidance and Retention

• Risk Financing

• Risk Transfer through Insurance

• Risk Transfer-Alternative Risk Transfer (ART) Techniques

• Risk Control / Loss Control

• Risk Engineering and Loss Prevention

• Lenders Insurance Advisory

 

We at ISHAN INSURANCE can help you in the entire process of risk management. Each stage in the process involves application of various techniques. Our highly experienced & well qualified experts can prepare a complete risk profile of the risks to which your business is exposed, and to suggest solutions suitable for your organization.

 

Risk identification, Analysis, Avoidance & Retention

The whole exercise is carried out using the techniques suitable for your industry and strategically suitable solutions are suggested for your requirements. PRIME INSURANCE backed by their experience worldwide is capable of suggesting the strategy for risk avoidance & retention.

 

 

Risk Financing

Based on the risk profile, current structure of risk finance, loss history and risk tolerance of the organization, an optimal structure for risk finance is drafted, taking into account the possible use of forms of self-insurance like deductibles and currently available types of insurance.

 

Risk Transfer through Insurance

Risk transfer mechanism consists of transferring the risks to insurers or to the third parties by contractual obligations. The exercise starts with a complete insurance audit of your risk exposures and deciding your risk profile. There is a broad range of insurance covers available. PRIME INSURANCE can help you obtain the most appropriate insurance cover at optimum cost. PRIME INSURANCE can also help you in the process of claim settlement in the unfortunate event of loss.

 

Risk Control / Loss Control

Risk / Loss control form the implementation part of process of Risk Management. This involves the whole range of detailed risk audits of the premises such as fire safety, fire systems, electrical safety, industrial safety, natural hazards & environmental and suggesting suitable solutions to mitigate the risks at economical cost.

 

Risk Engineering and Loss Prevention

 

ISHAN INSURANCE Brokers is able to properly identify, evaluate and analyze Risks and to subsequently design strategic Insurance Programs, according to the specific requirements of its clients.

This area offers a great variety of national and international experts providing optimal services such as on-site surveys for identifying complete range of risks, mitigating solutions

 

Main Services:

• Loss source studies.

• Identification of unsafe conditions, actions and situations.

• Industrial hygiene and safety surveys.

• Complete industrial safety audit.

• Fire prevention and control.

• Fire systems consultancy.

• Safety of electrical installation.

• Evaluation of atmospheric, water and soil pollution.

• Ergonometric study at work place.

 

Insurance related risk engineering services such as complete insurance risk survey, machinery breakdown survey, Post fire loss technical investigation, fire separation consultancy, feasibility study for Industrial All Risk policy, Rating advice.