This unit deals with minimising risk to all aspects of agency business.
Element |
Performance criteria |
- Analyse potential risks to agency and clients.
|
| 1.1 |
Objectives of agency and client are confirmed by consultation
with key personnel and reference to available information. |
| 1.2 |
Likelihood of risk to objectives is assessed against an inventory
of the current and planned agency/client assets, functions and
existing risk management strategies. |
|
- Implement agency policies and procedures to minimise risk.
|
| 2.1 |
Causes of potential risk or existing threat to agency/client
objectives are accurately identified. |
| 2.2 |
Potential sources of risk or threat are thoroughly evaluated
to establish extent of risk and correct procedures implemented
to minimise risk in line with agency policy. |
|
- Establish ongoing monitoring and reporting systems to minimise
risk to agency and clients.
|
| 3.1 |
Potential risks are determined by monitoring risk environment
with consideration of agency/client role, location and market
stability. |
| 3.2 |
All potential risks/threats experienced by like organisations
are assessed for relevance and the need to implement precautionary
action. |
| 3.3 |
All risk information is accurately recorded to enable frequency
and extent of potential threats to be remedied according to
agency policy. |
|
- Ensure security of managed properties.
|
| 4.1 |
Agency business objectives and asset security are maintained
by establishing appropriate insurance arrangements. |
| 4.2 |
All premium payments and claims are made in accordance with
agency/client and insurance company requirements. |
|
