- Identification of Coverage Gaps
Uninsured or underinsured risks.
Policies with insufficient limits for high-value assets or exposures.
Exclusions that may leave critical risks uncovered.
- Benchmarking
Compare the company’s insurance program against industry standards and best practices.
Assess how competitors in similar industries or projects structure their insurance programs.
- Alignment with Risk Appetite
Determine if the insurance coverage aligns with the company’s or project’s tolerance for risk.
Highlight areas where self-insurance might be more effective than external coverage.