Optimize loss-control resources
Make the most of investment into your risk engineering program and don’t leave the reports gathering dust: evaluate your reports’ recommendations and prioritize action on them. Roll-out the recommendations seamlessly to those responsible in the locations. Improve your risk profile with better and new controls.
With the ability to demonstrate an effective and sound survey program, you can give the underwriter confidence in your risk profile and help secure the best property premium rates and policy terms. Plus avoid claims coverage discussions for failing to action mandatory recommendations.
With a proactive risk improvement program delivering better and new risk controls, losses can be avoided or the impact of a loss mitigated. Investigations into root causes and roll out of “best in class” actions will further strengthen loss prevention initiatives.
Risk improvement budgets are continually under pressure so with better insights to your risk profile, risk improvement decisions can be targeted to deliver best value.
Recommendations can be weighted between outcome and cost of the recommendation plus you can factor items like exposure to natural catastrophe into the equation.