BI information in Property Risk Surveys

For a wide portfolio of businesses, the vast majority will insure their Property Damage and BI risks on a combined basis.  Together, these are termed PD/BI in the insurance world. 

 

​Often the BI values are of real significance.  Some equate to a similar size as the Property values and some can be well in excess of the Property values.  

 

The leasing of premises and therefore only insuring tenants improvements, machinery, plant and equipment, other contents and stock contributes to the BI values potentially outstripping the Property values.​

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​Businesses with a large number of key locations of high PD/BI value can be subject to regular Property Risk Surveys and the associated report will attempt to deal with the BI aspects.  However, there are constraining aspects that means  the report provided does not provide the full picture:

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- The BI element is likely to be specific to the site being surveyed 

- There have not been meetings with Finance, IT and Procurement personnel to enrich the BI information gathered and provide contextualised BI information for the whole company  

- Operational or facilities representatives are the usual source of information.  They relay what they know of BI information, but often only for the site being surveyed.​

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CRCL can provide that full BI picture from BI Insurance Review work, conducted in conjunction with key insights from Property Survey Reports, that tend to have some excellent operational content.