Site Risk Survey Program

A Site Risk Survey (SRS) is an "engineering" risk assessment for our property insurance clients. This is an onsite review to help you identify risks, and possible solutions, relating to property, public liability and business interruption.

An SRS evaluates your site’s risk profile at an asset and site-wide level, together with the identifying the activities and controls that manage those risks.

In particular, the SRS assesses the following areas:

• hazards (natural, technological, man-made and operational)
• construction
• essential services
• risk management systems
• building services and equipment
• public safety.

Each area is assessed in detail to identify issues of concern and evaluate associated risk levels using our probability, consequence and risk matrices.

The benefits of the SRS program include:

• a potential reduction in future losses, which could positively impact future premiums
• assisting to purchase reinsurance protection economically
• providing estimates of expected maximum foreseeable loss from a major peril such as fire and storm
• recommendations for improvement of site or asset risks
• opportunity to share common findings between common asset types.

Our SRS program provides your organisation with a clear understanding of the property, public liability and business interruption risks.

More information

For more information about site risk surveys, email contact@vmia.vic.gov.au.