Loss Prevention and Reduction Services

When insurance is bound, whether renewing with your current carrier or moving coverage to a new carrier, you’re essentially entering a partnership with them where they agree to cover the financial risks of damage or loss in exchange for a premium. To accurately assess the risk they’re taking on, insurance companies will likely want to conduct an inspection of your building and surrounding property to evaluate the likelihood of potential claims.

When placing the association with a new carrier, inspections also help minimize situations where carriers return loss recommendations because the risk does not meet their underwriting guidelines. For example, placing an association that has fuses with a carrier that does not accept properties with fuses.

The better shape your community association is in, the more attractive it will be to insurance carriers, which often leads to more insurance options and potentially lower premiums.

We can conduct an inspection of your association and provide a list of exposures we feel could lead to a loss, as well as any possible remedies. Our proactive inspections help clients improve compliance and reduce exposure, ultimately protecting lives, assets, and long-term insurability.