Risk Management

Reduce Operational Costs

Risk Management

Risk Management allows an organisation to –

> Assess Risk
> Evaluate Risk
> Manage Risk
> Measure Risk
This process brings an element of control over inherent risks to allow the consequences to be considered. 

Benefits of good Risk Management 

  • Creates and protects value
  • Reduce insurance premiums
  • Is an integral part of all organisational processes
  • Is helpful in decision making
  • Explicitly addresses uncertainty
  • Is systematic, structured and timely
  • Is based on the best current information available
  • Is bespoke to the organisation
  • Takes human and cultural aspects into consideration
  • Is transparent and inclusive
  • Is dynamic and responds to change
  • Facilitates continual improvement within the organisation
  • Reduces operational costs

Several studies conducted have proven that uninsured costs of accidents are usually greater than the insured costs.

A conservative estimate of losses for every £1 of direct accident costs, there is at least £8 of indirect costs. Some studies indicate the hidden costs can be 36 times the insured costs. Indirect costs to consider include:
  • Time lost from work by injured employee(s)
  • Loss in earning potential
  • Economic loss to injured worker’s family
  • Lost time by fellow employees
  • Cost of training a new worker
  • Lost time by supervision
  • Damage to tools, equipment, and other property
  • Loss of efficiency
  • Time lost for replacing damaged equipment
  • Loss of production
  • Spoilage –  fire, water, chemical, explosives, etc
  • Failure to fill orders
  • Overhead cost (while work was disrupted)

Health & Safety

No two industries, or businesses within those industries are the same – each has their own Risk Profile

Our highly trained Risk Management professionals will initially undertake a full Safety Management System Gap Analysis to identify all areas of vulnerability taking into account legislative compliance, civil defence and reputational damage risks.
Once we are aware of the areas which can be improved we will advise how to prioritize the risks and put a full program of control measures into place taking into account cost, effort and time required ensuring that the core business isn’t effected during the process.
Our solutions will be tailored to the needs and wants of the client and can be a mixture of consultant led solutions or on-line support which will include our comprehensive suite of e-learning modules.
All of our recommendations will be flexible, accommodating all working patterns and will tangibly demonstrate a good return on investing by reducing accidents, reducing lost time and lower insurance premiums.

We cover:

  • Risk
  • Display Screen
  • Asbestos
  • Stress
  • Slips, trips and falls
  • MSDs
  • Temperature
  • Work at Height
  • Manual handling
  • Mechanical lifting
  • Electricity
  • Workplace transport 
  • First Aid
  • Noise
  • Gas
  • Vibration
  • Young people
  • Occupational disease 
  • Work equipment
  • Fire
  • Occupational Health 
  • Safeguarding
  • Pregnant Workers
  • Equipment

Industries Covered

  • Manufacturing
  • Engineering
  • Retail
  • Production
  • Warehousing
  • O shore
  • Health & social care
  • Agriculture
  • Catering
  • Waste and recycling
  • Woodworking
  • Food
  • Wholesale
  • Education
  • Motor vehicle repair
  • Quarries
  • Chemicals
  • Explosives
  • Diving
  • Cleaning
  • Late Night Entertainment
  • Sports & Leisure
  • Construction

Safety Management System Gap

With fines being uncapped in the Magistrates Courts, the Health and Safety Executive introducing Fees for Intervention and the new Sentencing Guidelines coming into effect, we are seeing an unprecedented number of  fines, both corporate and individual.  
Fines themselves are also increasing dramatically with the more prescriptive approach to sentencing. Fines now start at £300,000 for a micro-company and extended to £20,000,000 for a large company.
We can offer a comprehensive Safety Management System Gap Analysis based on OHSAS 18001 which incorporates the Health and Safety Executives standard HSG 65.
The report will be a full Board Report which can be disclosed to all stakeholders. It will contain recommendations for improvement with the approximate cost and recommended timescales reflecting the degree of risk.

Compliance Check

If a full Safety Management System Gap Analysis is not required for your business but you would like to ensure that you are complying with all of the appropriate legislation.
Romero Risk Management offer a 3 hour advisory visit during which time one of our Qualified Risk Management professionals will assess your Safety Management System against OHSAS 18001 and discuss with you any obvious areas of vulnerability. 
Please contact our Risk Management Co-ordinator on 0113 281 8110 for further information. 

Safety Management System Development

To provide a defence against any regulatory offence it is essential that you are able to demonstrate a pro-active Safety Management System which facilitates continuous improvement as prescribed by OHSAS 18001 and HSG 65. 
We can support you in the development of a pro-active system which reflects the cycle of continuous improvement as determined by both models. 
To arrange a consultation, please contact 0113 281 8110 or email risk@romeroinsurance.co.uk

Risk Assessments

The intention of a Risk Assessment is to assess your current level of risk for any activity or area then decide whether the risk can be tolerated or whether it can be managed down to a more acceptable level. 

Our Risk Managers will help you to develop a system and o er support in the completion of the Risk Assessments themselves ensuring that all hazards are identified and all risks are accurately measured.
We can offer a simple e-learning course to help make your risk assessment process become more effective. The course will allow employees to fully understand the concept of risk assessment, demonstrating why risks need to be addressed in a methodical way to provide a consistent and effective method of control.
Interactive sequences are used to practice the identification of hazards, the control of hazards and ensure delegates understand how to achieve a reduction in organisational risk.

Training Programs

Romero Risk Management can design and deliver bespoke training courses for your staff to address specific issues or communicate a generic message.

We are able to offer specialist advice on all areas of Risk Management and Health & Safety. We can design our Training to fit with your Health & Safety policy and ensure that your staff are well informed and engaged. 
Our Training courses can be used to complement our various e-learning modules if required.
Should you want to ensure minimal disruption to your business, we can offer training in a classroom environment in short sessions at a time that suits you best, whether this is at the start of a working day or over a lunchtime.
The courses are recorded to allow both the employer and the employee to tangibly demonstrate that the course has been completed and a level of understanding achieved.

Audit Programs

Any good management system benefits from periodic external audits which create accountability and independent authentication.

As part of our reviews we can offer an external audit of all supported management systems measuring performance against agreed objectives and reviewing ongoing plans for improvement.


It is crucial that organisations ‘walk the talk’ and ensure that their investment into Risk Management travels through the organisation to the coal face where it is needed and is most effective.
Once objectives for improvement have been agreed and a full plan put into place then it is important that the improvements are verified independently and reported back to the Senior Management Team.
This external verification is priceless when having to demonstrate health and safety compliance to authorities or insurers in the event of an accident.
External audits can also provide organisations with a fresh pair of eyes looking over the hazards and risks which internal staff can become complacent with on a day to day basis.


Business models often include an element of outsourcing to third party suppliers. As suppliers are ambassadors of the contracting organisation it is essential that they manage Health and Safety to the same standard.
By undertaking supplier audits the organisation will be able to demonstrate due diligence with clients, be able to physically verify the information supplied during the procurement process and facilitate a good defence if anything goes wrong.