Risk Analysis for International Companies in Germany

Risk analysis in german subsidiaries – when does it make sense?

If you have to reckon with one or more of the following risk areas:

Business interruption

Is there a risk that production in your company could come to a temporary standstill? Due to technical damage, supply bottlenecks, staff shortages, late payment, illness, etc. If your company suffers a prolonged production stoppage, business interruption insurance compensates for the financial loss suffered. All fixed costs and lost profits are reimbursed.

Material risks (business assets, goods, equipment)

Do you have expensive office equipment including IT systems? There are also risks associated with static and mobile machinery or stored goods. A risk analysis must be carried out for the entire inventory. Business contents insurance covers all business assets against fire, water, burglary and vandalism.

Liability risks

A company has unlimited liability for damage caused by third parties. Liability insurance covers damage caused to other companies or business partners and defends against unjustified claims against the insured company.

Accident risks

What is the accident risk for your employees and customers? Where are the accident risks located? How can they be prevented? Employees can be insured inexpensively through their employer. The insurance cover applies to both private and professional accidents.

Risk analysis in the event of loss of decision-makers
Key person coverage in Germany

Suppose important managers, the owner of a company or decision-makers in a company become permanently ill and are no longer available to the company. In that case, key person insurance provides financial compensation to the company, which then has the financial means to hire an equivalent replacement. Incidentally, the company is the policyholder, premium payer and beneficiary in the event of death and survival. Further information on our landing page – D&O insurance.

Technical risks (machinery, electronics, etc.)

Do you have expensive production machinery in your company? This is where machinery breakdown insurance comes in handy. Electronic equipment such as a large IT system can be covered by electronics insurance against operating errors. However, the latter does not cover data loss or hacker attacks. Cyber insurance is responsible for this.

Cyber risks

More and more companies are exposed to hacker attacks and shitstorms. Internet fraud in web stores is also on the rise. Cyber insurance covers your own financial losses and those of third parties. In addition, specialists help to restore IT and recover data.

Transport and traffic risks

If you have several vehicles registered to the company, fleet insurance is worthwhile. The vehicles can be grouped together and insured without a no-claims discount. Comprehensive insurance is required for mobile machinery. The transportation of goods should always be covered by separate goods transport insurance, even if they are shipped via an external carrier.

Risk of financial loss due to incorrect advice

If you advise customers professionally, you are generally liable for all financial losses that the customer may suffer as a result of incorrect advice (so-called financial losses). This damage is covered by financial loss liability insurance. For many professional groups, this insurance is also compulsory and the authorities monitor its maintenance.

Fidelity risk

Through own employees
In the stressful day-to-day business, your own employees can easily pass on confidential company knowledge and data to unauthorized persons, thereby causing very high losses to the company. This can be covered by taking out fidelity insurance.

 A risk analysis for your business in Germany offers you the following advantages:

1. You can save costs for insurance policies that only offer inadequate protection
2. You can efficiently cover certain risks yourself
3. You have contingency plans at hand that can be implemented quickly if the worst comes to the worst
4.You protect your liquidity and, in the event of a claim, stabilize your income

5.Our professional risk analysis gives you a quick overview of your current risk situation

6.You will receive our advice on which risks you can manage yourself and which risks are best outsourced to an insurer.

Our risk management specialists will be happy to assist you on request.