Group Security & Loss Prevention

Risk assessment in the protection of persons, property and business

Risk management is an important aspect of our lives. We are all at risk daily, one way or another, at work or in private, and often we subconsciously do risks management. We must actively consider this issue in the context of the work we do. Modern corporate governance structures place a significant emphasis on risk management, all with the aim of operating more efficiently and reducing unnecessary losses.

In accordance with market needs, following current security trends, our company has formed a team of qualified, licensed experts from the Ministry of the Interior, who are engaged in the development of Risk Assessments in the protection of persons, property and business.

The Risk Assessment Act in the protection of individuals, property and businesses, presents the primary document in accordance with the Law on Private Security, from which the plan of technical protection is created, as well as the design of the security system and maintenance of technical protection equipment.

A well-crafted Risk Assessment Act in the protection of individuals, property and businesses guarantees high results in building your company’s security system and successfully achieving long-term business goals. These acts aim to look at all potential threats to people and property, but also to propose concrete measures and procedures to reduce or mitigate the potential consequences of adverse events based on the identified potential threats.

So far, this area has been left to individuals, self-proclaimed experts who have been drafting the acts by themselves, which largely reflected the level of security.

Supervision of the implementation of the Regulation on Mandatory Secured Facilities, which foresees, among other things, a risk assessment in the protection of individuals, property and business, is carried out by an inspection body within the Ministry of the Interior.


Risk assessment in the protection of persons, property and business


The penalties provided by Article 6, of the Decree on the criteria for the determination of mandatory secured facilities and the methods of performing technical protection activities, shall be applied to persons who:

    Do not possess a risk assessment act and general acts for the protection of the facility (Article 3, paragraph 1)
    Do not periodically update the risk assessment act (Article 3, paragraph 2)

And by the following criteria:

    A fine of 50,000.00 to 500,000.00 dinars shall be imposed on the legal entity to whom the mandatory secured facilities belong, and/or the private security legal entity, if it fails to fulfill the above mentioned requirements.
    For an offense under the Regulation referred to in Article 6, paragraph 1, the fined entity will be the entrepreneur to whom the obligatory secured facilities belong, ie the private security, entrepreneur for with the fine from 50,000.00 to 250,000.00 dinars.
    The same article in paragraph 3 stipulates that a responsible person in a legal entity will be fined from 5,000.00 to 50,000.00 dinars.

Also, according to Article 7 of the Regulation on minimal technical requirements on mandatory instalment of technical protection systems in banks and other financial organizations, will be fined by  100,000.00 to 1,000,000.00 dinars in case of:

    Failure to adopt a risk assessment act or periodically update a risk assessment act (Article 2)
    Not using the devices, equipment and technical protection systems prescribed by this regulation (Article 3,4,5,6)
    For the above violations, a responsible person in a financial institution will also be fined from 25,000.00 dinars to 80,000.00 dinars.



Group Security & Loss Prevention is a business company focused on providing security services. In accordance with the needs of our clients, we propose optimal solutions, with a combination of physical protection, loss prevention and technical security solutions.

  • Požeška 11, Belgrade
  • +381 66 888 99 22

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