How We Work
Our Property and Casualty Insurance specialists support
clients of all sizes from small and medium growing industries
to large corporations. We are certainly not everything to our
clients as our approach is to deploy our expertise working
with our clients to successfully:
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Understand the risk exposures facing their business.
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Deploy risk control engineers to assess the risks facing
their operations including the potential impact to third
parties and make appropriate loss control recommendations.
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Present the risk profile positively and transparently to
prospective insurance carriers.
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Evaluate their loss history to present transparent views
and understanding by insurance carriers.
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Review the existing insurance covers and correct obvious
deficiencies in current insurance program.
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Develop a practical and effective insurance program that
protects their real and personal properties and legal
liabilities to third parties including bodily injury or
death.
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Ensure the competitiveness of cost of insurance amongst
client’s industry peers.
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Agree with insurance carriers on optimal coverage wordings
that should mitigate any incidence or occurrence that can
affect our client’s business continuity.
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Agree on simple claims recovery procedure to ensure prompt
and equitable recovery from insurers.
Our Unique Expertise
IBN remains the only insurance broking company with a
dedicated and specialized team of risk control engineers,
Industrial Risks Protection Consultants. We deploy our risk
control engineers to:
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Survey and evaluate critical risk exposures of our
clients’ operations.
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Evaluate Maximum Possible loss on major locations and
operations.
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Make appropriate loss control recommendations to the
clients.
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Review the insurance and indemnity sections of their major
contracts to ensure compliance.
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Where appropriate, undertake supply chain processes and
interdependency studies to evaluate potential business
interruption risks exposures.
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Present the risk profile transparently to prospective
insurance carriers to help our brokers achieve competitive
premium rates.
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Evaluate losses that challenge the client’s operations and
make appropriate recommendations.
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Conduct post-loss investigations to help our clients
prepare their claims and develop future mitigation
processes.
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Agree on simple claims recovery procedure to ensure prompt
and equitable recovery from insurers.
