RPI Annual Report 2009 Risk and safety


           
 
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- Health and safety improvement implementation
- Reduced insurance premiums
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Targets - 2009/10
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Risk and safety

Our commitment to and success in delivering our risk and safety programme is part of our active risk management programme and ensures lower insurance premium for our occupiers.

Health and safety improvement implementation
In 2008 through our risk and safety programme we have ensured that 99.8% risk and safety improvements identified were completed on time. This is verified by our Hermes annual audit process and our insurance broker H W Wood auditing process.

Reduced insurance premiums
Our commitment to and success in delivering our risk and safety programme can be seen in our combined Property Damage and Property Owners Liability claim experience. We are pleased to report that our insurers have advised us that Hermes represent the standard of care against which all other property investment organisations are judged. An independent report by a leading insurance broker in the real estate sector, commissioned in December 2008, has confirmed that Hermes claims record is one of the lowest in the industry.

 

Zero
damage claims reported in last
5 years


Best Commercial Risk and Safety – Cheapside House

Cheapside House, a prestigious nine storey office building managed by Jones Lang LaSalle and not far from St.Paul's Cathedral won the Best Commercial property award in 2008. The main office building is occupied by four tenants but there is also an underground car park for 21 cars and eight retail units at the front of the building, all with their own private entrances.

The factors that contributed to Cheapside House's success were just two "defects" found during the Hermes annual audit and an extremely positive approach by the Building Manager to risk and safety matters on the site. In addition this property has no material damage claims reported during the last five years.