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Why Security Risk Assessment is Important?

When confronted with risks, the question is how well equipped we are to deal with them. If risk awareness is limited, there’s a good chance that risk may convert into a hazard, resulting in severe consequences. It doesn’t always need to be a sinister event that kicks off a security risk assessment. Successful businesses are always changing or updating their risk policies and procedures as part of their ongoing compliance. They are anticipating the risk rather than just responding to a threat.

When it comes to risk management, a property owner or manager must consider different groups of persons, including commercial and/or residential tenants, workers, and the public. Each business property will almost certainly necessitate its level of attention.

We encourage business owners to approach security measures in the same way, whether it’s hiring full-time security guards or installing CCTV cameras. What are the risks to your business, and how can you mitigate or even remove them before they become a negative experience?

What is a Security Risk Assessment?

Risk assessment is a process that outlines the probability of the potential risks occurring so that you can make informed decisions about mitigating their likelihood of happening in the future. By detailing each potential threat against a vulnerability and evaluating the chance of the risk occurring, the risk assessment empowers smarter judgment calls.

What is Risk Assessment Process?

A risk assessment procedure can be used by experienced security professionals like Shergroup to identify hazards and dangers and determine how they might be reduced or avoided.

Buyers of security services should include this action on their to-do list when putting together a plan to hire a private security firm. The service is available at a minimal cost, so it’s critical to leverage all the technology and tools available to get a proportionate result at a reasonable price.

We often come across instances where a property owner has been pitched an overkill guarding rate by their previous security vendor. On top of it, they failed to develop a strategic plan to secure the access points, install CCTV’s or carry out a risk assessment. The customer has been chasing the trails to find the correct security solution, which is based on experience but not on the site’s threats.

Back in Florida, we have witnessed numerous instances where customers have been persuaded into buying armed security for a site that would have done fine with normal security guarding or CCTVs.

Customers unaware of the actual risk end up buying armed security and paying a hefty sum for it. Even putting armed security onto a site needs careful analysis. As a result, a comprehensive assessment of the risk and how it may be managed to maintain security, save a life, and safeguard assets is required. Armed security is a costly and time-consuming reaction in many cases.

Security Needs and Risk

Various factors govern the security needs of a site –

  1. Location of the site
  2. History of the site
  3. Future use of the site
  4. The neighbourhood of the site

Once we have the above-mentioned detail, we can anticipate the potential risks associated with the site and draw security measures accordingly.

What is a Security Risk Assessment & Why is it Important?

The benefit of having a risk assessment done for your site is that firstly, it may keep your site protected against any unforeseen threat and secondly it may improve the insurance rates and help keep premiums lower in the future.

Your broker may also have advice on what sort of security controls can help reduce the cost of premiums.

The objective of the entire risk assessment exercise is to understand your business’s risk profile before you hire a security vendor. When you’re aware of the potential risks you can very well establish your security requirements and thus, you’re not you are not oversold or undersold the security service you need.

What is a Good Risk Assessment Plan?

Here are a few tips for assessing risk |

  1. Start with a compliance questionnaire in front of you when you begin the activity. If you don’t have one, start with a blank sheet of paper, especially if you’ve recently had an incursion or incident that has caused you to sit up and think about how you can prevent it from happening again.
  2. To begin, just write out all of the dangers as bullet points – study safety logs, incident reports, emails, and employee and guest concerns to compile a list of threats.
  3. Take a walk around the building or site. Access and egress checkpoints. Examine obvious hazards such as elevators, escalators, fire precautions, hazardous materials, and other hazards such as the location of electrical cabinets, data rooms, fire hydrants, and, in particular, deep water in Florida.
  4. Create a site map — it’s simple to do with Google – and use it to see where dangers have occurred or could occur.
  5. Take note of all the controls you already have in place, such as access controls, cameras, fire extinguishers, alarm buttons, guard stations, and current post orders, and use your experience and knowledge to determine how you might improve the systems you already have.

These 5 steps will work as a blueprint for your risk assessment. You can sit with a security consultant and create an integrated security plan for your site.

Summing-up

At the end of the day, any organization’s security service should be an intrinsic element of the company’s successful operation. Before deciding on the sort of guards required, we advise our customers to do a risk assessment. This enables customers to establish a rational and cost-effective security strategy, as well as a consistent and improving security picture for future development.

If at any point you feel that your current security provider is not doing a good job you can replace them with Shergroup. For us client satisfaction, security and happiness are most important. Our job is to offer the best security solutions and to change the way people look at security providers. Because our clients will only be the loyal advocates of our services, no one else.

Content Writer​

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Last updated | 19 July 2023

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