Austria is a safe country, some companies think – and save on security. Often, something doesn’t happen until something has happened.
In Risk Engineering & Consulting we support you to better manage and reduce your risks with the goal of securing your values!
With our team of experts from the technical, scientific and economic fields, Risk Consult is the leading provider in Austria of risk consulting services for commercial and industrial companies, with a focus on: Fire protection, natural hazards, business interruption issues, process risks, ….
We accompany you in the deeper analysis of your company with the aim of loss prevention and continuous improvement through the implementation of risk-minimizing measures. In doing so, we work with you to develop individual, industry-dependent security concepts and discuss with you how to further improve your protection standards. Thanks to our decades of experience in claims settlement, we are particularly well placed to identify risk situations typical of the industry in advance. Our risk-averse approach is to evaluate any hazards in advance and then effectively avoid them.
The aim of our activities is to optimize your business risks and to create a healthy basis for maintaining and securing your business operations in the long term.
The basis for any insurance concept is the “authenticity” of the sums “at stake”. The valuation quickly provides the insurance company, brokers and policyholders with a statement of their replacement values and thus forms the ideal basis for good, long-term customer relationships with policyholders.
For a risk-based assessment, you need sound information about the value of buildings, plants and equipment. If the sums stated in the insurance contract are lower than the actual replacement values, this is referred to as underinsurance. In the event of a claim, underinsurance can lead to lengthy discussions and procedures for insurers, and on the other hand can have consequences that threaten the existence of policyholders.
Risk Consult’s experience: Underinsurance as the rule
From more than 30 years of experience, an alarming picture can be derived: Depending on the industry, 70 to 90 percent of companies are underinsured, with the degree of underinsurance ranging from 20 to well over 100 percent (!).
The causes are complex and varied
- Acquisition values do not correspond to replacement value (especially machinery)
- Own contributions are not capitalized for accounting purposes and are not included in the sums insured
- Incorrect differentiation between buildings and technical equipment; here there is a massive difference between information in the accounts and actuarially relevant variables.
- Incorrect values due to index revaluations when used for too long (>10 years)
We define claims management as the professional monitoring of major losses in the industrial and commercial sector. In an exceptional situation such as a damage claim, it is difficult for the injured party to maintain an overview and to inform all the responsible agencies in a coordinated manner. This is where time really is money, because with proper claims management, the amount of damage can be reduced by up to 30%. Such exceptional situations are routine for our consultants.
In order to contain or prevent consequential damage and long business interruptions in good time, our experienced consultants coordinate – usually on behalf of an insurance partner – all the parties and interests involved, such as:
- Authorities
- Employees
- Customers
- Suppliers
- Neighbors
- Owners/Shareholders
- Claims Professionals
- Insurance(s)
However, damage management is also a strategic control task: Many points that are important in an emergency can be fixed for organizations and companies as part of a preliminary analysis (and a resulting emergency plan).
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Countries visited
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Business trip days 2022
1 million €
Managed loss amount 2022
1 billion €
Values 2022 made safer by our services
We understand how to deal with risks
We make a difference with our services! Our decades of experience, interdisciplinary expertise and international footprint are our key success factors.
Vienna is the gateway to Central and Eastern Europe! With our offices in Vienna, Kufstein, Bratislava, Warsaw, Bucharest and Istanbul we cover large parts of the CEE region with our services.
The application works uncomplicated and fast via our application form. This is kept short and contains only the most important information.
Alternatively, you can send us your application by mail to career@riskconsult.at.