Home  I  About us  I  Online Inquiry  I  Contact us      
  About us
  Our Objective
  Our Services
  Why us
  International Capability
  Contact us
  Online Inquiry
  Management
 
Specialist Areas
Aviation
Accident & Health
Construction
Directors & Officers Liability
Financial Institutions
Marine
Energy
Power Infrastructure
Professional Indemnity
Terrorism

 
Home > The Company > Our Services
Our Services

Programme Review

To advise properly on an appropriate risk management and insurance programme, we need to gain a full understanding of your business, the geography of your activities and the contracts and customs of trade under which you operate.

 

With this understanding, we can review and analyse your existing policy wordings, eliminating any gaps in cover and improving the policy terms and conditions. Often there are areas where insurers will grant improvements in wordings without additional cost. In some cases however, where substantial revision is desirable, additional premium may be required. We can work with you to develop a cost-benefit analysis to determine whether such additional costs are justified.

 

Policy Design

In review your risk management and insurance programme we may decide that specialist policy wordings are required to address your needs. In some cases specially prepared manuscript wordings are necessary.

 

Our scope of work can include the design of ‘tailor made’ policy wordings to meet your specific requirements.

 

Market Presentations

Together with your own staff we can prepare market presentation documents and discuss these with appropriate insurers. These will include some or all locally licensed insurers, National and International, but may also include a range of international reinsures in London, Europe and throughout the world.

 

Once we have received terms from the selected insurers we can prepare detailed evaluations focusing upon:

  • Cost of coverage
  • The standard of coverage provided, and
  •  The security confirmed by each individual insurer

Representation

We represent you at meetings with insurers, clients, contractors and third parties to ensure the correct level of insurance expertise is available to protect your position.

 

Contract Analysis

Construction contracts, sale and purchase agreements, leases, loan agreements can all include clauses relating to liabilities and insurance. We can analyse these clauses on your behalf, developing a risk matrix and advising on the appropriate levels of insurance protection.

 

Claims Administration

We are always available to provide a personal claims service. However our desire is to provide a full claims management system. This ensures that our client is always aware of the latest development on any claim through regular reporting and formal meetings.

 

Documentation

Policy documents provide the detail of the policy cover. They are complicated documents where small differences in wording can produce substantial differences in cover. We will prepare a policy register containing a brief description of each insurance policy. This includes limits, synopsis of cover, term and conditions, deductibles and other pertinent information.

 

The policy register will also contain information relating to insurance practice and claims procedures to provide a quick reference to insurance issues.

 

Risk Control

Using our own resources or through subcontractors we can provide risk surveys for underwriting purposes or to make recommendation for risk improvement.

 

Our recommendations are practical and cost effective and designed to reduce the overall cost of risk.

 

Compliance

We understand and comply fully with local legislative requirements. The advice, which we provide will ensure that your insurance programme complies with the requirements of the local insurance acts and is fully enforceable under Law.

Copyright © Risk Management Services (RMS)