Our services

Discover how TechRisk's comprehensive suite of specialized services can fortify your business against uncertainty. From meticulous risk management strategies to precise project oversight and authoritative advisory services, we offer the expertise and insight needed to navigate today's dynamic landscape with confidence and resilience.

These are some of the services we offer;

Business Impact analysis

The Business Impact Analysis (BIA) is a systematic process for evaluating the repercussions of interruptions on the daily operations of a business or entity.

It involves assessing the criticality of each process to the organization’s healthy functioning, uncovering dependencies among processes and resources, and recognizing the potential impact – be it financial, operational, legal, customer-related, or reputational – that a disruption to any process may have.

The BIA also aims to determine the maximum time an organization can function without a specific process before its health and survival are at risk. It identifies the resources needed to recover processes to a minimally acceptable level within the allowable downtime window.

Furthermore, the BIA assists in prioritizing recovery activities and resources in advance, ensuring that the most critical processes are restored first in the event of a disruption. The ultimate goal is to establish a robust recovery strategy.

Risk and Loss Assessments

Conduct thorough risk and loss assessments to identify and analyze potential exposures, offering recommendations to minimize or eliminate risks across various industries and activities. The primary objective is to reduce potential losses, enhance safety, and bolster overall system resilience.

These assessments furnish underwriters with vital information for evaluating risks, determining pricing and coverage, and making well-informed decisions about accepting or declining risks. Leveraging risk assessments allows underwriters to align decisions with the insurer’s risk appetite and business goals.

Additionally, TechRisk, through site visits and consulting, not only executes assessments but also communicates results effectively, providing creative solutions for risk improvement. Reports are delivered within agreed-upon timeframes, ensuring compliance with service level agreements.

Emergency Response Planning

A prompt and effective response during the initial moments of an emergency can significantly influence whether the situation evolves into a minor incident or escalates into a major disaster. Given that emergencies can occur unpredictably, sound management practices necessitate the presence of well-defined response plans.

These plans should not solely focus on attempting to prevent the emergency but also acknowledge the inevitability of its occurrence. In doing so, the response plan must encompass measures aimed at minimizing threats to both life and property, taking into account the specific conditions prevailing during the emergency.

Business Continuity and Disaster Preparedness Policies and Plans

Create policies and plans for business continuity and disaster preparedness, incorporating recovery strategies to sustain critical or time-sensitive functions identified in the business impact analysis.

While it may not be feasible to entirely eliminate threats to the business, anticipating and mitigating potential impacts is achievable by integrating awareness of risk management issues through a comprehensive business continuity plan.

This involves identifying all business functions at different levels, ranging from organization-wide to division and department levels.

Terrorism Risk Evaluation

Evaluate the risks associated with a potential terrorist attack on the facility, incorporating a semi-quantitative analysis of the site’s vulnerability. Factors such as the visibility of the facility as a target, site accessibility, and the effectiveness of existing preventive measures are key considerations.

Terrorism risk, marked by intentional property damage, differs from conventional insurable risks in its unpredictability, influenced by variables such as the types of explosive devices, sizes of explosions, and locations of devices.

Construction and Erection Update Survey Reports

This report provides a description of the asset being constructed, an assessment of the project situation as-found at the time of the survey and risk recommendations (where appropriate)

Insurance Advisory Services

We assist our clients in navigating the complexities of insurance products, coverage options, risk management strategies, and regulatory compliance. We serve various industries including construction, financial institutions, manufacturing, public sector, real estate, processional services, transport and logistics, aviation, and the micro sector.

Services arrange from; Risk Assessment, Insurance product selection, Policy Review and Analysis, Customized Solutions, Claims Assistance, Risk Management Strategies, Client Advocacy, Market Insights and Trends, Education and Training

Portfolio Natural Catastrophe (NATCAT) Analysis

Natural perils information from global recognized tools will be integrated into the reports, which is especially important given the market focus on such exposures.

The intent of this information is to give stakeholders a place where they can see -with a high degree of precision – where each and every property is located (for their own accumulation management purposes) and to understand the key natural perils exposures across the policy.

For more information, contact us on:

TechRisk Advisors and Loss Adjusters Limited

Plot 30 Kent Road Kent Lane Kira Road

P.O Box 131001 Kampala, Uganda

Email: [email protected]

[email protected]

Tel: +256 782 017345, +254 799716945