Risk Management Services

NZI is a market leader in Risk Management in Thailand. We work closely with clients to avoid, minimise and mitigate losses. Reduced claims means reduced premiums, less wastage, and less interruption for the client. We take this issue so seriously that we have made a senior management appointment to oversee the Risk Management function in Thailand. 

Our extremely experienced risk engineers able at short notice to undertake technical reviews of risk management facilities at any type of business or industry. We regularly bring Risk Management experts to give the best possible support to our clients and intermediaries, and to add real value to the offering of NZI Thailand. 

Our risk management objective is to identify any potential hidden risk exposure, which may give rise to incident of the personnel injury and property damage. Our survey also reviews the physical risk such as its occupancy, construction of building, fire protection, security, and the management controls in place, e.g. housekeeping, smoking control, fire safety, etc 

While assisting in the development of the loss control programme for your organization, we have focused on aspects of your business that can benefit most from our Loss Control Services. At the end of the survey, we will provide a Risk Improvement Recommendation to clients for reduce or minimize risk potential. 

Possibility of Effects From Accident 

Financial Assets

  • Loss of return on capital investment
  • Loss of investor confidence
  • Loss of favourable lease
  • Seizure of fire insurance payments by uneasy creditors
  • Inability to buy at most advantageous time / volume
  • Loss of valuable records or that cannot be replaced
  • Loss of earning power of patents, trademarks, etc.
  • Loss of value of past advertising
  • Loss of improvements and betterment which by contract belong to lessor 
  • Loss of contract performance bond
  • Coinsurance penalty / deductible / retention loss
  • Increased replacement cost of damaged property

Employee Assets

  • Increased training costs / hiring costs
  • Employee morale (hassle, stress, burnout)
  • Loss of key people / labour pool / team effort
  • Increased salary for new key people

Production Assets 

  • QC/QA mistakes in subbed out work
  • Cost of accident investigation, fire department reports
  • Expenditures on emergency supplies and equipment
  • Cost of excess shipping rates to customers
  • Time spent managing the consumer / public relations
  • Price reduction cost to compensate for delays blic relations

Market Assets

  • Loss of market share
  • Loss of customer goodwill
  • Loss of suppliers