Why Unbundle?
Risk Logic's unbundled Property Loss Prevention Services offer a significant advantage for Insureds. We provide you access to control your data. This allows easier understanding of critical loss exposures for risk improvement. You also have the ability to control how your data is released to the markets for insurance renewal purposes.
Benefits for Direct Insured Clients
Risk Logic provides a single, in-depth report that explains the "why" behind each recommendation. This is unlike insurance company reports, which are often basic, carrier-focused, and lack detailed explanations. Our reports go beyond just basic recommendations, offering clear insights and actionable information for various departments within a company, including:
Legal - Assist with leases and regulatory compliance, like High Piled Storage Permits
Engineering - Identify plant hazards and develop protection strategies
Construction - Support renovations and new builds with loss prevention insights
Real Estate - Establish uniform loss prevention standards across all facilities
Procurement - Assess fire protection maintenance and testing needs
Safety & Health - Aid in audits and COPE data analysis
Benefits for Brokers
For Brokers, Risk Logic's reports are invaluable when marketing an Insured's portfolio at renewal. The data, such as RMS modeling program modifiers, enhances understanding of potential financial exposure to natural hazards like earthquakes and windstorms. It also helps insurance carriers gain a clearer picture of the Insured's risks, which provides confidence and allows them to better quantify previously unknown variables.
Unbiased, Industry-Standard Reports
Typically, the cost of the inspection and report is covered by the Insured, and while insurers may charge this fee through premiums, their reports often prioritize their own interests. In contrast, Risk Logic's unbiased reports are accepted by the insurance community and are based on trusted industry National Fire Protection Association (NFPA) and FM standards.
How Risk Logic Can Help
Risk Logic's expert team of professional engineers ensures that our reports are thorough, impartial, and provide value to both Insureds and Brokers alike.