MSM’s Independent pre loss reviews are based on our technical expertise and over 25 years’ of practical experience.
MSM provide Independent pre loss advice in conjunction with your broker. MSM has experience across thousands of claims and has seen those programmes that fully respond and those that fall short. The key point of differentiation is that MSM provides an independent perspective.
MSM’s services can vary in scope from conducting simple calculations of Declared Values for Gross Profit (DVGP) and Payroll Cover through to a Business Impact Analysis based on a scenario where critical assets or critical locations are lost. The scope of these reviews can be varied to suit individual client requirements.
MSM can review the adequacy of Policy Wordings through building scenarios that test the adequacy of the Policy response in the event of a hypothetical (Insured) Peril. The outcomes of these scenarios can then be reviewed with your broker and where appropriate, the Policy Working and Policy Wording amended.
Review of Limits and Sub-Limits across the Policy provide an independent view that the level of cover is adequate. MSM can provide scenarios to test the maximum probable loss against the limits in the Policy as well as comment on the sub-limits for additional Increased Cost of Workings or dependencies on customers, suppliers and utilities.
Ensuring the appropriate period of cover is critical. Using their Business Impact Analysis models, MSM can provide input to determine the appropriate indemnity period based on their claims and industry expertise.
There are many elements to consider when addressing the adequacy of Indemnity Periods from securing the site, statutory enquiries, demolition and site clearance, regulatory approval processes, order and delivery of new equipment, rebuild, commissioning and regaining lost market share.
MSM comprises a multi-disciplined professional team including qualified accountants with over 25 years experience.
Our team has expertise across a diverse range of industries and organisations.
An MSM team member can provide assistance in any one of the MSM areas of expertise.
Call 1300 76 67 67 in Australia or 0800 766 767 in New Zealand or contact your local MSM office for a free consultation.