Protect the Asset.
Understand the Risk.
Effective insurance planning starts with understanding how valuable assets are acquired, stored, handled, transported and transferred. Our risk management approach helps identify exposure points, strengthen controls and prepare clearer information for specialist insurance discussions.
Risk management built around the asset journey.
Valuable assets can move through several environments before they reach their final destination. Each stage may introduce different ownership, custody, security, valuation, handling or transportation considerations.
A structured risk review looks beyond the asset itself. It considers where value accumulates, who has custody, how the asset is protected, what documentation exists and how exposure changes over time.
These considerations can help businesses prepare more complete information for insurance underwriting and identify practical areas where risk controls may be strengthened.
Six areas that shape a valuable asset risk profile.
The exact considerations depend on the asset, business activity, location, custody arrangements, security measures and applicable insurance requirements.
Identify the Assets
Understand what is being protected, including asset categories, ownership, values, quantities and concentration of exposure.
Map the Journey
Review the movement of assets from acquisition and processing through storage, transit, custody and final delivery.
Assess Accumulation
Identify locations, periods and operational activities where significant values may become concentrated.
Evaluate Security
Review physical security, access controls, surveillance, alarms, monitoring procedures and other relevant safeguards.
Review Custody
Understand who controls or handles the asset at each stage and how ownership and custody transfers are recorded.
Monitor Change
Keep the risk profile current when values, locations, operations, security arrangements or transportation patterns change.
Where valuable asset risks can develop.
Reviewing individual exposure points can help identify gaps in controls, documentation and insurance information before a loss occurs.
Storage
Consider premises, physical protection, access restrictions, environmental conditions and value concentration.
Transit
Review collection, transportation, routing, tracking, secure packaging, handovers and delivery procedures.
Handling
Consider loading, unloading, processing, inspection, packing, preparation and other physical handling activities.
Custody
Document responsibility, ownership, third-party custody and transfers between businesses, locations or service providers.
Valuation
Maintain appropriate valuation records and understand how values may change across inventory, collections or market conditions.
Follow the value from origin to destination.
Risk can change as an asset moves through different operational environments. Mapping each stage creates a clearer picture of the overall exposure.
Acquisition
Ownership, source and initial valuation.
Processing
Handling, preparation and operational exposure.
Storage
Premises, access, security and accumulation.
Transit
Transportation, custody and route exposure.
Delivery
Handover, verification and final custody.
Reconciliation
Records, inventory and exposure review.
Practical controls that support better risk visibility.
Controls should reflect the actual asset, operation and exposure. The following areas are examples of controls that may form part of a wider risk management programme.
Physical Security
Review perimeter protection, secure rooms, locks, barriers, alarms, surveillance and other relevant physical safeguards.
Access Controls
Establish appropriate controls over who can access assets, premises, storage areas, systems and sensitive documentation.
Inventory Reconciliation
Maintain accurate records of quantities, locations, ownership, movements and relevant asset values.
Secure Packaging
Use handling and packaging procedures appropriate to the asset, journey and transportation environment.
Tracking & Monitoring
Consider tracking, monitoring, communication and exception procedures for assets moving between locations.
Custody Records
Document handovers, responsibilities, verification steps and relevant third-party custody arrangements.
Incident Response
Establish procedures for reporting, escalation, documentation and response when an incident affects valuable assets.
Business Continuity
Consider how critical operations, storage, custody and transportation would continue following a significant disruption.
Clear information creates a clearer risk picture.
Accurate documentation can help explain the nature of an exposure and support discussions with insurers, underwriters and other specialist risk professionals. Requirements vary according to the asset, operation and insurance arrangement.
A practical framework for ongoing risk review.
Risk management is not a one-time exercise. Asset values, locations, operations, security arrangements and transportation patterns can change over time.
Discover
Establish the asset profile, business activities and key exposure points.
Map
Follow the asset journey across locations, custody arrangements and operational stages.
Evaluate
Review controls, concentrations, documentation and relevant loss exposures.
Improve
Identify practical areas where procedures, controls or records may be strengthened.
Monitor
Revisit the risk profile when assets, values, operations or circumstances change.
Risk management across valuable asset sectors.
Different industries face different combinations of storage, transportation, custody, valuation and operational exposure.
Risk management questions.
General guidance for businesses managing valuable assets and preparing for specialist insurance discussions.
What is valuable asset risk management?
Why is risk management relevant to insurance?
What should a valuable asset risk review include?
How often should a risk profile be reviewed?
Does risk management guarantee insurance coverage?
Can risk management apply to assets in transit?
Build a clearer picture of your valuable asset exposure.
Share your asset profile, operations, storage arrangements, transportation requirements and existing controls. We can use that information as a starting point for a structured insurance discussion.
Request a Risk Review