Underwriting Services

1. Risk Assessment and Evaluation:

• Site Inspections: Conducting on-site evaluations of properties, facilities, and operations to identify potential risks and hazards.
• Risk Surveys: Detailed surveys that assess various aspects of a property or business, such as fire protection systems, safety protocols, and operational practices.
• Exposure Analysis: Identifying potential sources of loss, including natural disasters, equipment failure, and human error.

2. Loss Prevention Recommendations:

• Safety Programs: Developing and recommending safety programs and protocols to minimize risk.
• Training and Education: Providing training sessions for employees on safety practices, emergency procedures, and risk mitigation techniques.
• Maintenance Plans: Advising on regular maintenance schedules for equipment and facilities to prevent breakdowns and accidents.

3. Data Collection and Analysis:

• Historical Data Review: Analyzing past claims data to identify trends and patterns that could indicate future risks.
• Benchmarking: Comparing the risk profile of the insured entity with industry standards and benchmarks to identify areas of improvement.
• Predictive Modeling: Using advanced analytics and predictive models to forecast potential risks and losses.

4. Customized Risk Management Plans:

• Tailored Solutions: Creating customized risk management plans based on the specific needs and characteristics of the insured entity.
• Implementation Support: Assisting in the implementation of recommended risk management strategies and solutions.

5. Compliance and Regulatory Guidance:

• Regulatory Compliance: Ensuring that the insured entity complies with relevant safety regulations and standards.
• Documentation and Reporting: Providing necessary documentation and reports to demonstrate compliance with regulatory requirements.

6. Technology and Innovation:

• Risk Management Software: Offering software solutions that help track, manage, and mitigate risks.
• Remote Monitoring: Implementing technology such as IoT devices and sensors to monitor risk factors in real-time.

 

7. Specialized Risk Services:

• Fire Protection Engineering: Assessing and recommending fire protection measures, including sprinkler systems, fire alarms, and evacuation plans.
• Environmental Risk Assessments: Evaluating environmental risks, such as pollution and hazardous materials, and recommending mitigation strategies.
• Cyber Risk Assessments: Identifying and mitigating risks related to cybersecurity and data breaches.

8. Claims Support and Post-Loss Analysis:

• Claims Investigation: Assisting in the investigation of claims to determine their validity and root causes.
• Post-Loss Analysis: Analyzing claims after they occur to identify preventive measures for the future.

9. Communication and Reporting:

• Detailed Reports: Providing detailed risk assessment reports to underwriters, including findings, recommendations, and risk ratings.
• Ongoing Communication: Maintaining regular communication with underwriters and insured entities to update on risk management progress and emerging risks.

Services/and Types

• Commercial Property
• Commercial General Liability
• Package
• Workers Compensations
• Assigned Risk Workers Compensation
• Drone Services
• Training and technical services
• State regulatory compliance
• NYS Code Rule 59
• Desktop Risk Evaluations
• Regulatory Compliance Assistance
• Phone Surveys
• Program Risk Evaluations
• State of the art and customized web based technology
• Customer technology integration