2007 - April
2007 - April
2007 - April
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3.0<br />
Information on the company’s activities<br />
The Risk Manager carries out regularly an analysis of the main<br />
insurance policies taken out by Group companies in order to<br />
ensure that the cover in place was sufficient and adapted to<br />
their activities.<br />
All of the abovementioned policies have been taken out with<br />
companies outside of the Group, except for the personal<br />
protection program, which has been taken out with Axeria<br />
Prevoyance, which is part of the Group.<br />
The following table outlines the various policies and their<br />
level of cover:<br />
POLICY TYPE<br />
Executive liability<br />
Broker professional liability<br />
Insurer<br />
(External / Internal)<br />
EXTERNAL<br />
EXTERNAL<br />
In <strong>2007</strong>, the following policies were fully overhauled by the<br />
Risk Manager<br />
Broker professional liability;<br />
Financial guarantee;<br />
Banking and financial prospecting;<br />
Universal office risks;<br />
Universal IT risks.<br />
The policies have been fully reviewed and new policies taken<br />
out for 2008. The insurers selected for these new policies<br />
are still outside of the Group.<br />
Cover<br />
€7.5 million<br />
(Sub-limit of €3.75 million for<br />
non separable fault)<br />
€7 million ou €7.6 million<br />
depending on the business of<br />
the company concerned<br />
(all damages included)<br />
Deductible<br />
No deductible<br />
€15,000 or €150,000<br />
depending on the<br />
company concerned<br />
This review is in line with a commitment to managing<br />
risk transfer costs more effectively within the Group,<br />
combined with an optimization of the guarantees<br />
acquired set against the expansion of the Group’s<br />
activities, in terms of both their nature and their volume.<br />
3.6.6. Other specific risks<br />
The risk factor identification process presented above and<br />
more specifically the implementation of mapping processes<br />
in virtually all of the Group’s operational companies made<br />
it possible to identify a series of untreated operational or<br />
strategic risks, both in-house and externally, with the level of<br />
effective control assessed in each case.<br />
On this basis, various internal control projects and potential<br />
subjects for internal audits have been identified. In 2008,<br />
they will be incorporated into the audit plans at Group,<br />
division and company levels, based on an iterative quality<br />
loop, with the risk mappings for 2008.<br />
Franchiser professional liability EXTERNAL €750,000 per damage €7,000<br />
Financial guarantee EXTERNAL €115,000 No deductible<br />
Universal systems risks<br />
EXTERNAL<br />
€5,106,170 (cost of replacement<br />
with new equipment)<br />
€1,500<br />
Universal office risks<br />
EXTERNAL<br />
Maximum commitment of up to<br />
€13.6 million (as-new value of<br />
furniture, material, goods)<br />
€1,804<br />
Supplementary health and personal<br />
protection<br />
INTERNAL (Axeria Prévoyance<br />
for personal<br />
protection)<br />
Standard guarantee for management<br />
and non-management<br />
staff<br />
No deductible<br />
31<br />
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