A Problem Halved - solving a problem and reducing premiums

Issue

A client with a large furniture warehouse was struggling to get affordable cover as insurers considered his risk to represent a 100% potential loss situation.

 

How we helped

rhg devised a risk reduction programme to reduce the magnitude of the potential loss. This included the installation of a partition with automatic roller shutter protection providing 2 hour fire resistance, a solution that was accepted by new insurers as a major risk improvement, resulting in considerable cost reductions.  The case provides a simple example of good risk management not only protecting businesses from expensive losses and interruption, but also reducing costs.