Before Plunging into the subject matter of our range of solutions
let's discuss a few terms which generally gets used to replace each
other but mean a little different and are essential for the purpose of
- Risk - Uncertainty concerning the occurrence of loss. Risk maybe
further seen as a probability of occurrence of a loss event. The two
broad types of risk maybe viewed as Pure & Speculative Risk.
NFSS solutions are focused on Pure Risks.
- Peril - The cause of loss.
Though a four letter definition may
not sound so important, understanding of Peril may completely change
ones view on the analysis of a Loss scenario.
Eg. The money missing
in the vault was not stolen by an employee but picked by an designated
who forgot to put it on the register captured on CCTV cams in your
In such a case the Peril being theft may itself get eliminated due to proper surveillance and hence no loss will be registered.
- Hazard - A condition that increases the chances of loss.
may be Physical, Moral, Morale, Legal, through proper security and
surveillance organisations may control the hazards hence reducing the
Eg. i. Unwanted chaos creators approaching the gate maybe be
blocked right there if the knowledge of this approach is pre-empted.
Accumulation of high fire content waste at a single point maybe checked
and hence reduces the chances of any loss due to fire.
Risk Management, Surveillance and Protection has become key to any
operations in today’s business scenario. Purely by risk management
philosophy there can be 4 ways to tackle any risk :
- Risk Avoidance (RA)
- Risk Reduction/Mitigation (RRM)
- Risk Retention (RR)
- Risk Transfer (RT)
Northern Fire Security Systems are experts in dealing with Risk
Reduction/ Mitigation (RRM) and Risk Retention (RR) Techniques of
managing risk, thus our solutions will enable you to reduce your risk
*refer to risk matrix above for better understanding