Our research shows that, on average, the building sum increases by 20% when an on-site Risk Survey is undertaken. We are also seeing an increase in proportionate claim reduction due to under-insurance accompanied by a rise in the number of professional indemnity claims being made against brokers for inadequate advice.
Against this backdrop market demand has resulted in us creating a Broker Survey Service.
Why might my client need a survey?
- Helps set the correct sums insured and therefore the correct premium
- Supports brokers to meet client service obligations and retain and win business
- Proven cost benefit – cost of survey vs potential shortfall in any claim settlement due to under-insurance
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