With more than 30 years of experience in engineering consulting services for the industry, BakerRisk is in a unique position to provide guidance and support in both leading edge risk assessment and risk mitigation. Our portfolio includes hundreds of insurance risk surveys and related studies for many Fortune 50 companies in the energy, chemical, and related industries.  BakerRisk has a suite of tools and services to assist insurance professionals and risk managers with understanding and improving risk profiles. Examples of BakerRisk offerings include:

Comprehensive Insurance Risk Engineering Surveys and Reports:
  • COPE information, loss estimates, and risk improvement recommendations to give a clear picture of the physical and business continuity risks at a site, or for an entire corporate portfolio
  • Loss Estimation using BakerRisk’s proprietary MaxLoss® software as well as other qualitative and quantitative risk approximation techniques
  • Detailed analysis of business interruption risks, including contingent business interruption and business interruption interdependency studies
  • Review and reporting of Natural Peril risks including Flood, Windstorm, Earthquake/Earth Movement, and others
Detailed Fire and Explosion Mitigation Studies
  • Fire and Explosion Hazard Analysis using data derived from BakerRisk’s proprietary SafeSite® consequence modeling software
  • Fixed Fire Protection Systems Gap Analysis
  • Fireproofing Gap Analysis
Natural Hazard Consequence & Risk Assessment Studies
  • General and peril-specific Natural Hazard risk assessments
Safety Instrumented Systems
  • Safety Integrity Level (SIL) and Safety Instrumented Systems (SIS)
  • Specific guidance policies for significant hazards, including SIUSIS
Testing
  • Fire Pump Performance Testing (NFPA-20/25 compliance testing)
  • Fire Water Distribution network testing and modeling
Best Practices
  • Mechanical integrity and reliability reviews for hazardous process units
  • Materials compatibility assessments related to high temperature hydrogen attack (e.g., HTHA focused HAZOP)
Risk Reduction Evaluation and Support
  • Analysis and mitigation of process hazards, including Layer of Protection Analysis (LOPA)
  • Recommendations for explosion hazards mitigation, plant building locations and design, building upgrades, and blast hardened building design
  • Refined analysis based on human factors and safety systems
Post-Incident Investigations
  • Metallurgical failure analysis of process equipment
  • Estimation of deflagration to detonation transition
  • Estimation of fuel mass based upon blast effects

 

For more information or to speak with a consultant, please Contact Us.