Risk Management Tips to Reduce Premiums & Claims

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Practical risk management strategies that help Combined Insurance policyholders reduce claims, protect assets, improve safety, and secure lower premiums from insurers.

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We compare quotes from leading insurers

  • Allianz
  • Aviva
  • QBE
  • RSA
  • Zurich
  • NIG

IMPROVE SAFETY • REDUCE LOSSES • LOWER PREMIUMS

  • Property icon

    PROPERTY PROTECTION

  • Liability icon

    LIABILITY REDUCTION

  • Operations icon

    OPERATIONAL SAFETY

  • Claims icon

    CLAIMS PREVENTION

Why Risk Management Matters for Combined Policyholders

Insurers reward safe, well-managed businesses with lower premiums and better coverage terms. Implementing effective risk controls also reduces claims, protects staff and assets, and helps ensure your business remains uninterrupted by avoidable incidents.

Property Risk Management Tips

Reduce fire, flood, theft and physical damage risks across your business premises.

  • Install and maintain fire alarms & extinguishers
  • Regular electrical testing (EICR compliance)
  • CCTV monitoring and security lighting
  • Intruder alarms and secure access controls
  • Store flammable materials safely
  • Up-to-date building valuations to avoid underinsurance
  • Routine maintenance of roofs, drains and structural elements
  • Flood defences and raised storage in flood-risk areas
  • Secure perimeter fencing and controlled entry points
  • Clear, documented property inspection schedules
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Liability Risk Management Tips

Reduce claims involving staff, visitors, customers or third parties.

  • Documented health & safety policies
  • Regular staff training & induction
  • Slip, trip and fall prevention measures
  • Clear aisles and hazard-free walkways
  • Up-to-date risk assessments for all activities
  • COSHH compliance for chemicals
  • Machine guarding and PPE enforcement
  • Visitor sign-in and escort protocols
  • Clear near-miss reporting processes
  • Appropriate supervision for high-risk tasks
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Operational Risk Reduction Tips

Improve processes, reduce downtime, and prevent business interruption losses.

  • Regular plant & equipment maintenance schedules
  • Documented business continuity plan (BCP)
  • Cyber policies & access controls
  • Supplier and contractor vetting
  • Vehicle/fleet safety protocols
  • Backup systems for critical data and equipment
  • Fire drills and evacuation plans
  • Clear documentation of processes
  • Stock management and controlled storage
  • Professional risk surveys and insurer guidance
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FREQUENTLY ASKED QUESTIONS

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Do insurers offer discounts for strong risk management?

Yes. Insurers often provide reduced premiums, better terms and lower excesses to businesses that demonstrate proactive risk control and low claims frequency.

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How can I reduce the chance of a property claim?

Improvements such as fire protection, CCTV, alarms, flood prevention and regular maintenance significantly reduce the risk of property-related losses.

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Can risk management reduce liability claims?

Yes - training, hazard control, PPE, COSHH compliance and proper supervision all reduce the frequency and severity of liability claims.

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Do insurers require risk surveys?

Sometimes. For larger or higher-risk businesses, insurers may require a risk survey. Good practices can improve your rating and reduce costs.

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How quickly can risk improvements reduce premiums?

Some benefits apply immediately at renewal, while others affect long-term pricing as insurers see a reduced claims history.

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