The world and its risks have changed. Quite likely your company and its risks have changed as well. The question is: Has your Property program changed to keep pace?
Few risk management exposures are more fundamental than those related to Property. And as operations grow in size and scope, so do the risks. The multifaceted approach we take can help assure you have the best possible protection, but our expertise and value-added service are especially evident when meeting the needs of complex, high-value, often high-hazard operations.
Our goal is to help:
- Identify and quantify your company's exposure to catastrophic loss, including use of some of the most advanced catastrophe modeling available.
- Traditional risks: earthquake, flood, windstorm
- Emerging risks: terrorism, computer viruses and denial-of-service attacks
- Mitigate the financial impact of these risks through Business Continuity Planning
- Determine the financial value of transferring and retaining risk
- Develop a broad and cost-effective risk management program to ensure your company's survival and ongoing success
The Willis Property Practice is comprised of seasoned professionals located in North America, London and Bermuda who can assist in:
- The design and placement of your program with (re)insurance markets throughout the world
- Helping identify and reduce your risks of loss through active risk control protocols and development and testing of Business Continuity Plans
- Providing policy form comparisons
- Crafting manuscript wording
- Providing guidance on current topics and highlighting emerging trends through the issuance of regular publications
- Expediting claim negotiations
Key Types of Coverage
- "All risks" for property damage and time element
- Boiler and machinery
- Builder's risk
- Captive reinsurance
- Contractor's equipment
- Difference in conditions (earthquake and flood)
- Global programs
- Mortgage impairment
- Stand-alone terrorism
- Transit
When traditional Property markets cannot respond to the entirety of a client's risks, our Property staff works with the Willis Environmental, Marine and eRisks practices, as well as other resources within the Group, to create a customized, comprehensive risk protection portfolio.
Click here for a list of Property contacts.