Sarah Dolce, Senior Account Manager, discusses the difference between a carrier inspection vs the boiler inspection required by the city.
In New York and New Jersey it is required that buildings must have their boilers inspected annually and the boiler inspection report must be submitted each year to the appropriate State Department.
Inspections can only be performed by authorized boiler inspectors or by an authorized insurance company. Though the insurance company typically does the inspection as a courtesy, the insured is ultimately responsible for making sure the inspection is done and filed.
A carrier inspection is when the insurance company does what they call a loss control inspection. They primarily do it when they write the insurance on a new property, though some companies will do it every few years.
The purpose of the loss control inspection is to analyze whether there are any exposures they feel that may lead to a loss. This can include repairing something like a cracked sidewalk or adding something that could prevent injury, like emergency lights in stairwells.
Though they are called recommendations, they really are requirements, and if they are not complied with, the insurance company can cancel coverage.
For more information, please contact us.