Insights & Impacts

Universities must view risk at a higher level to understand, prioritise and then manage those risks that can result in the biggest losses to the university.

One of the biggest risks businesses may experience in the next 12 months is the postponement of risk management and mitigation processes. As businesses reassess, reframe, adjust and adapt, our advice to all businesses is that these cutbacks must be short-lived, if they happen at all.

Steps to take and resources from FM Global to help protect your facilities that may be in the path of bushfires.

Last-minute commercial/industrial windstorm and flood preparation to help mitigate damage from cyclones.

Risk can take many forms. As important as it is for company directors to monitor risks from the pandemic, a close eye must also be kept on more traditional property risks including fire or damage from natural disasters.

While it might be tempting to focus on the greatest risk at hand, it’s crucial to put holistic resilience building in the driver’s seat. From natural hazards to mechanical failure, cyber attacks or fire – each of these risks remain important to acknowledge to mitigate through strategic planning.

Amidst the increasing frequency and intensity of natural catastrophes it is time to revisit the purpose and content of building codes, argues FM Global’s Michael Stuckings.

A pandemic shouldn’t be a litmus test for the readiness of your business continuity plan, says Stuart Selden, Manager Business Risk Consulting and Chief Risk Officer, FM Global Australia.

Michael Beaumont discusses why boards and risk managers need to prepare today for the possibility of a pandemic related shutdown and idling of sites down the line, warning that calls for facilities to be shut down could come suddenly and traditional hazards remain in addition to new ones.