A quantified risk model is presented which allows accurate estimates to be made of the financial risks from the asset damage, inventory loss and business interruption costs caused by major accidents. The model includes the specific nature of relevant insurance policies, and therefore can be used to optimize insurance policies associated with major accident losses. The model also allows cost benefits of potential mitigations to be modeled. It therefore provides a powerful "cost benefit" decision making tool for any facility wanting to better manage the risks at their facility.
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