Offering advice on suitability of insurance arrangements.
The practice will review insurance contracts / wordings together with pricing structures, in order to assess the suitability of insurance purchases by a client company. Where deemed appropriate, the practice will review amendments which may be implemented, in order to optimise the benefit a client can gain from their insurance purchases. Included in any analysis, will be a review of insurer security.
An example has been where a review of a major oil services company’s insurances subsequent to a major loss, found that they were substantially underinsured, exposing the company to catastrophic risk.
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