4 ways NIG can help your clients manage risk

NIG offers a wide range of tools to help you and your clientsHelp your clients minimise under-insurance, understand exposure to risk and plan for a business emergencyInteractive user guides, downloadable templates and FAQ content makes using the tools easy

Offering the best possible service to clients is about helping them identify and manage risk as well as finding the right cover for their needs. Proactive brokers add value to businesses by helping them to identify exposure to risk and building a plan to minimise its impact. Here’s the first in our series on how you can do the same, using a suite of tools from NIG.

45% of businesses with buildings insurance policies have at least one premises likely to be underinsured by 20%.

1. Business Interruption Cost Calculator

The Business Interruption Cost Calculator or BICC helps to minimise the risk of under-insuring your clients. Simply log on to Broker Risk Assist and you’ll be presented with an easy-to-use tool to determine the correct sum insured and indemnity period for business interruption insurance.

A comprehensive set of questions cover everything you need to know to find the right cover for your clients. And for added peace of mind, there’s even a step-by-step guide on using the calculator. If you or your clients have any queries about business insurance, the BICC comes with an online training tool covering frequently asked questions.

Top tip: For a quick and easy way to share BICC results, look out for the PDF document converter. Quickly export results to email them directly to your clients.

2. Business Continuity Planning Support

Our business continuity services help your clients’ businesses to survive, manage and recover in the event of an emergency. Just look for the Business Continuity Module when you’re logged on to Risk Assist. From here you’ll be prompted to work through each section carefully.

A template is provided to encourage your clients to consider all of their immediate and long-term needs and articles at the bottom of each section will help. The module is designed to educate your clients on business continuity fundamentals while creating a detailed plan to minimise damage and ensure your clients’ ability to continue trading.

Top tip: Need help filling in the template? Look out for other documents that may help along the way, such as our risk assessment forms.

3. Ask the Expert

Ask the Expert gives you and your clients access to health and safety professionals and human resources specialists when you need them most. Our panel of consultants are on hand to answer your personalised questions within 24 hours, Monday to Friday.

Our experts have decades of experience across a wide range of industries to help offer advice that’s tailored to your clients’ business. Whether you need guidance on compliance issues for a one-off event, or your clients are having difficulties with an employee issue, by recommending our panel as a first port of call, you could save your clients thousands of pounds on expensive consultants when managing risk.

Top tip: Try the NIG RiskAssist Ask the Expert app to access our expert panel at the touch of a button. Just search ‘nig ask the expert’ in the App Store or Google Play store.

4. eLearning

One of the best ways to help manage your clients’ risk, is to raise awareness of workplace hazards and reduce accidents among their employees. eLearning from NIG provides 16 health and safety courses and three workplace wellbeing courses to educate staff in high-risk areas.

Approved and accredited by the Royal Society for the Prevention of Accidents (RoSPA) and mapped to the National Occupational Standard (NOS), the online courses offer the highest quality training. The online platform is especially useful for dispersed teams or businesses where class-based training isn’t practical.

Your NIG policy holders can take control of their company’s training programme through an admin dashboard. Here, they can register unlimited users as learners or admins, assign courses, set deadlines and monitor progress. And if they need help along the way, an interactive user guide offers practical advice.

Top tip: Admins can access modules as a learner via the user account button, to try courses for themselves.

Authored by NIG