Mitigating risk should be seen as a dynamic and ever evolving process that includes Readiness, Response and Recovery. The actions in each phase combined with the transfer of data and learnings between each will ensure continued growth and capacity to manage emergency situations and minimize loss of life, limb, property and reputation.
This is your starting point. Responsible business practise means managing your business through proactive and preventative safeguards. There are various initiatives’ that can be embarked on to build capacity in this space and to lessen the effect of loss be it physical injury, financial, property or reputational.
Despite our best efforts, incidents happen! How you respond to an incident is critical and can drastically reduce your potential losses. Most rely on staff and assistance companies to manage their incidents and evacuations and whilst these are often carried out with acceptable outcomes, the mine field of potential exposures that have been “escaped” en route is terrifying. There’s a lot more to it and right now, whether you have realized it or not you are likely to be exposed!
Once the dust settles, a different but all-important phase of managing risk begins. It is a vital stage in the risk management cycle as it involves picking up the pieces and re-building yourself or your business to the position you were in prior to the loss. I can be a technical space where you find yourself out of your depth. We are there to assist. It should involve a post incident Risk Analysis so that you and your team can draw learnings and make improvements that are driven into your Readiness phase so you can build capacity to minimise the potential of a loss going forward.