A planned approach to the provision of risk management and insurance solutions

From experience, inevitably the best outcomes for InterRISK clients are achieved when we are involved early in the process and are able to identify and work with our clients and to understand the risks associated with their projects. The appropriate risk transfer options including: the right insurance solutions; and, to ensure we put in place a comprehensive, ongoing risk management strategy.

The Team at InterRISK has experience with:

• scale projects, rail, ports (air & sea), utilities, mining resources and developments
• Individual investors, foreign and local
• Protection of foreign real estate assets
• Government projects

Many issues confront managers of infrastructure assets. At InterRISK we can effectively deal with an extensive range of complex risk issues including:

• Asbestos
• Environmental exposures
• Due diligence/compliance with financiers requirements
• Toxic mould
• Terrorism
• Financial securities/insurance bonds/performance guarantees
• Uninsured loss management and recovery
• Lease and contract review - hold harmless, warranties and insurance requirements
• Construction risks, principal controlled vs contractor controlled
• Advanced loss of profit/rent (delayed start up)
• Extension of existing property - construction risk
• Business interruption
• General property protection
• Public and product liabilities
• Adequacy of sums insured
• Self retention vs premium trade-off
• Political risks

Planning the on-going service program is also paramount, with a scheduled process for; renewal information gathering - insurance marketing - reporting in a concise and informative manner - the value of secure markets - clear recommendations - meeting your insurers. This process allows for due consideration and understanding to take place well before renewal dates.

Our Approach

Often as organisations expand their property portfolios they encounter a large variety of existing relationships. Many of these relationships are longstanding and often complex. At InterRISK we have a proven capability to quickly ascertain the value of these arrangements and to integrate them into your existing business with best effect and minimal disruption, whilst ensuring maximum risk management is achieved.

From our Letter of Engagement through the development of a tailored service and/or project plan to the delivery of your insurance manual and the ongoing management of your portfolio's insurance requirement, our objective is to have clear professional and above all transparent communication with our clients.

Global Expertise

With the rapid expansion and success of Australian businesses around the world, the skills necessary to manage global insurance programs is paramount. At InterRISK we have the staff with the proven project management skills required to identify and manage the best available resources in any location. We work with local suppliers to ensure that a focused, properly resourced and performance oriented service is provided.

Although InterRISK is Australian based, we have access to all reputable insurance markets through agreements with key intermediaries on a global basis. We are not limited by the need to use any particular service providers in accessing other insurance markets. Nor is InterRISK tied to any insurance underwriters. Therefore, we ensure that the most suitable and skilled intermediaries assist us, to obtain the best result for you. This independence and selection of service providers also continues through to risk management services, an area in which we are able to provide specific solutions to meet your needs.

Claims Management

In understanding the claims exposure you may face InterRISK can assist you by tailoring a solution to address your situation. We can work closely with third party claims providers of your choice or can arrange providers on your behalf. In addition we can work closely with your organisation as an additional technical resource. Our extensive claims experience is aimed at reducing the total cost of risk.

Our Practice Leader for the Infrastructure Industry is:

Scott Hastings
Level 13, 500 Queen St, Brisbane QLD 4000
Ph: 61 7 3833 8600
Email: scott.hastings@interrisk.com.au