RISK SURVEY
RISK SURVEY
Our risk engineering survey team will provide risk mapping and risk improvement recommendation to minimize losses that might occur in:
❖ Property: Personal, Commercial, Industrial, Business Interruption
❖ Engineering: Construction, Erection, Machinery Breakdown, Machinery Loss Of Profit, Electronic Equipment, Heavy Equipment, Deterioration, Construction Plant Machinery, Civil Engineering Completed Risk
❖ Marine, Aviation: Hull, Cargo, Builder’s Risk
❖ Energy: Oil, Gas And Petrochemical Onshore/ Offshore
• Up Stream : Exploration & Development, Production
• Middle Stream : Shipping, refining & Blending, Storage
• Down Stream : Distribution, Pump Oil / Gas Station
❖ Power Plant: Generation, Transmission, Distribution
❖ Plantation
❖ Liability
❖ Throughput
Why is a Risk Survey Needed?
Purpose of the Survey
The Role of Surveyors in Risk Control and Mitigation
❖ Provide a description of the business and processes carried out at the place to be insured.
❖ Provide details of each dangerous process.
❖ Explain the construction and all elements related to the spread of fire
❖ Assess Expected Maximum Loss (EML) on buildings, contents and stock by insured hazards.
❖ Explain an overview of fire detection and equipment to put out, intruder alarm and comment on their effectiveness.
❖ Investigate the actions taken following previous losses.
❖ Provide management standard comments relating to insured hazards.
❖ Provide a risk opinion, usually in relation to other similar risks.
❖ Where business interruption insurance is involved, information must be provided to support estimating EML, This will include a business description and figure.
❖ Surveyors need to provide advice on whether risks are acceptable or if they can be made accepted with improvements. Surveyors need to consider important improvements and write recommendations for implementation.
❖ the surveyor can test the effective work of fire and theft equipment, examine drawings and specifications for the equipment.
Use of Risk Survey Reports for Insurance
