Offering insurance with integrity, The Risk Factor Ltd prides itself on using innovative methods in order to resolve all insurance needs in a fair and concise manner. Risk Factor’s unique mission is for every client to be afforded the opportunity to fund a community project with the savings that are made for them as a direct result of the company’s award-winning, transparent, ethical, and innovative advisory services. Boosting this is a firm belief that the insurance industry should be fairer, and not detract from what a client does best, enabling them to carry out their work with the upmost confidence. Helping the company to achieve its aims is a service proposition that allows clients to receive trusted and valued protection at the right price. Public Sector Advisors of the Year 2023 Risk Factor is a company unique in the way that it operates, bolstered by a strong track record which serves to underpin its dedication to a truly beneficial service. Working on a transparent fee basis with the majority of clients for the purposes of openly demonstrating how and where it earns its funds, the team possess the necessary confidence to give stellar advice, even for the purposes of reducing cover, standing the business apart from the competition. Through this innovative structure, Risk Factor’s employees seamlessly become one with a client’s team, with some even having the company’s staff on their site as frequently as once a week, enabling truly accurate recommendations in a swift and efficient manner. The services provided by Risk Factor are particularly useful for those serving the public sector, with a stellar example of this being the education services insurance that the company offers. The education sector is one that should never be understated, yet the diverse and expansive undertaking involved is frequently offset by a host of risks and issues that can build up quite quickly if left unattended. To this end, Risk Factor aims to effectively stabilise such risks through its education insurance policies, minimising or even eliminating these issues. Since every institution is different, so too are the policy features, but just a choice few of these include equipment breakdown, cyber insurance, and accidental or malicious damage. In the same vein, Risk Factor’s local authorities insurance strives to protect the essential work of the public service industry, as without authorities’ tireless efforts, the people supported by the system will not receive the vital support that they require. For this reason, protecting these services should be of primary concern, and Risk Factor is here to help. Through this insurance type, authorities are protected in the event of a crisis, such as if the governing body in question fails to address a safety concern that results in injury, or an emergency services department becomes overwhelmed, and shortages occur. Ultimately, this can help in moments of need and provide unparalleled peace of mind. Another key area of public service advisory for the business is its NHS trusts insurance policies, with these protecting against such incidents as property damage, flooding, fire, or break-ins, which could ultimately disrupt the high calibre of care that is provided and make a facility liable for extensive legal action. In the case of board members, personal action could even be taken against them directly, making it essential to secure the correct level of liability and personal cover, otherwise, it may be incredibly difficult to overcome a tumultuous period of damage to both funds and reputation. Fundamentally, with Risk Factor’s NHS trusts policies, stronger care can be provided thanks to omnipresent trusted cover. Every task that the company undertakes rigorously adheres to a set of core principles and values, which serve not only to embody the organisation’s fundamental beliefs, but guide behaviour and ensure ethics are upheld. These values are six-fold, and comprise of teamwork, integrity, innovation, well-being, credibility, and opportunity, as well as particular emphasis on “staying above the line”, whereby blame, excuses, and denial are dismissed and replaced by the honourable qualities of ownership, accountability, and responsibility. With the business acting as a beacon and being anchored on its solid foundations of transparency and fairness, qualities rare within the industry, the best solutions are afforded across the board, all delivered by a diverse and socially inclusive team who are committed to helping the wider community in addition to all of their clients. Quintessentially, it is these traits that combine to earn The Risk Factor Ltd this award, highlighting its distinction and prowess within the market, success that is sure to follow for decades to come. Contact: Rhiannon Bates Company: The Risk Factor Ltd Web Address: https://www.theriskfactor.com/
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