CATEGORY 2: IMPACT AWARENESS SMES
RISK CONSCIOUS SME OF THE YEAR
– SPONSORED BY SUN INSURANCE
Some risks have the potential to destroy a business or at least cause serious damage that can be costly to repair.
ELIGIBILITY AND JUDGING CRITERIA:
Judging criteria includes evidence that demonstrates that business has consciously implemented risk monitoring and management policies or mechanisms in relation to structural, environmental, liquidity, public liability, financial, market risk or insurance coverage.
The judges would also look at business decisions been made that make this SME climate resilient to past, or current or future impacts of climate change.
Types of SMEs that can apply for this award:
Examples of SMEs that can apply for this award includes those SMEs that identify and have treatment plans for:
Physical Risks: identify risks that can cause fire or explosions to a building. Can mitigate risks by putting up exit notices and notifying staff of evacuation/emergency plans.
Install fire alarms and smoke detectors.