Onsite Property Risk Assessment

The onsite assessment or survey is the most comprehensive form of assessment that consists of the following steps:

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• Arranging with the insured regarding a scheduled date and agenda for the survey.

• Visiting the insured’s site at the scheduled date and time.

• Meeting with the insured’s management and staff where underwriting information will be collected and insured’s loss prevention controls and fire protection design and maintenance will be reviewed.

• Touring the entire insured facility.

• Closing meeting with the participants where all preliminary findings and risk improvement recommendations will be discussed.

• Preparation of report.

 

 

A Property Risk Assessment Report will be submitted within three weeks after the site survey. The standard report will contain the following sections:

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• General Information

• Executive Summary

• Loss History

• Loss Estimates (EML/PML or MFL/MPL)

• Property Fire Grading

• Property Business Interruption Grading

• Natural Hazard Exposure (Earthquake/ Windstorm/ Flood/ Lightning)

• Risk Improvement Recommendations

• Site Plan from insured and/or Satellite Image from open source

• Photographs (6 or more)

 

The report format and loss estimate definition can be customized according to your requirements. A quicker report delivery can be scheduled upon request.