Insurance Coverage Audit: Proactive Risk Management

It is an all-too-familiar scenario that we have encountered during our years of advising and representing clients with respect to claims, lawsuits and potential catastrophic exposures … the client obtains commercial insurance policies, dutifully pays substantial premiums year after year, but does not understand the actual extent or limits of their coverage.

Naturally, many businesses assume that their insurance policies are aligned with their risks—until a claim is denied. At that point, your options are severely limited, your broker is unable to do anything about it, and your insurer cares only about what the policy says. 

If you do not know and have never fully investigated the specific ins and outs of your insurance coverage, an audit is critical. 

Our Insurance Coverage Audit service involves a focused review of your existing commercial coverage, including directors & officers, errors & omissions, general liability, cyber, property lines, umbrella and excess coverages.  We carefully assess the policy language, identify coverage gaps and work with you to ensure that your policies adequately cover the specific risks faced by your business.

Whether you are preparing for renewal, addressing a potential liability, or prudently seeking peace of mind, we deliver actionable insights and, where needed, engage with brokers and carriers and propose customized language,  endorsements or other solutions to protect your interests.

What We Review:

• Policy language including definitions, terms, conditions and exclusions

• Scope of coverage versus your business activities and real world exposures

• Gaps or exclusions that leave your business exposed

Let us make sure your insurance works as hard as you do.