guide to risk management
Getting risk management ‘right’ is an essential part of good business management and corporate responsibility. It helps to protect your customers and minimises the loss of financial assets and their company’s credibility.
Of course only those who have responsibility for their own premises or businesses can really exercise risk management. However, our aim is to give you guidance so that you can add value and help your customers with that process.
You can find specialist risk management advice in our guidance notes, which can be ordered in packs of five or downloaded from our literature catalogue. The guidance notes include risk assessment templates to help you and your customers assess risk, and self-assessment checklists for specific trades and/or events.
In addition to the guidance notes, we also run half-day risk management seminars and offer trade notes, written specifically for insurance brokers. They’re more trade-specific than our guidance notes and are designed to help you prepare your proposal.
Our valuation services
As part of the service for insuring with us, we also offer a buildings valuation service (subject to eligibility) which can be requested by a broker, on behalf of a mutual customer.
Using their skill and experience, our specially trained surveyors can assist your customers in setting the sum insured on their buildings. The basis on which the figure is calculated is confirmed in writing.
The key benefit of this service is that if the customer accepts the valuation and subsequently makes a claim on their buildings insurance policy, we offer a waiver on the condition of average (also known as the under-insurance clause) in respect of the property valued (providing the customer has accepted the valuation and the valuation has subsequently been kept up to date).
Our experience of providing this valuation service is extensive and increasingly rare within the industry – the Ecclesiastical valuation service is carried out by our own team of specialist surveyors, and has been available since 1922.
To find out more about our risk management services contact your local Regional Underwriting Centre.
Please note: These notes are aimed at increasing awareness of the relevant laws and increasing understanding of the potential for triggering insurance claims. It is, however, only a very brief overview and is based on our understanding of current law and practice (March 2008). Legal advice must be obtained if you're unsure of any of your responsibilities.
