Uninsured Risks

Uninsured risk?

No insurance policy covers everything!  

• Gap Analysis

is recognising and measuring the risks that are not covered by insurance. It is not possible to insure against every risk or contingency.

Gaps in insurance are often first discovered at the time of a claim. Not only do insurance policies contain exclusions and conditions that can restrict cover but there are some risks that insurers will not accept. For example, some computer-related data losses of are increasingly high risk and the insurance industry is not able to adequately address every eventuality. These can ruin a business in 48 hours.

• Alternative Risk Solutions

Where traditional insurance cannot provide a suitable solution there are alternative means of transferring the risk, available from specialist organisations.

Successfully finding and making a business proposal to these organisations requires preparation of the business case. This is a specialist task which we can advise upon.