Our roots lie in the industrial risks
And in Business Interruption. Very often in the claims of a certain severity, business interruption damage is greater than the direct damage. Our task will be to analyze the risk, reduce it where possible and propose insurance solutions where the risk is not eliminable.
Our work starts with the examination of the current prevention systems and the opportunity to intervene in order to minimize any risks, whether to property or persons. Sometimes marginal changes are sufficient and there is no need for further investment to exclude or reduce causes of fire.
In other cases, the cost of radical changes has to be considered, for example the division into different compartments and separation of production activities, the increase of water resources and other means of extinguishing fires, the installation of monitoring systems or automatic plants and other measures varying with the company's peculiarities and needs.
We suggest that the appraisal of buildings and machinery is effected by an assessor approved by the insurers and that the appraisal is attached to the policy, in order that the premium paid is always based on updated values and does not run the risk of resulting in inadequate cover in case of a claim.
Furthermore, we have to consider the economic consequences due to a period of business interruption following a claim, identifying the existence of any bottle neck, the time needed for the replacement of plant, the presumed period during which goods in stock can be used to overcome the interruption of activity, the possibility that production can be effected by third parties, the systems for protection and recovery of calculators, in particular of computers, the interdependence between production lines, the supposed maximum duration of inactivity and the effect on the reduction of gross profit or contribution margin.
In any case, the objective to be reached in order to gain your confidence will be to propose better control conditions than the current ones at a globally lower cost.
If our proposal and service interests you, we hope to be appointed as your broker. If not, nothing is due to us and we hope that the time you spent with us has not been totally unproductive.