Alliance Corporate Risk Management - Case study

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Retail and wholesale company

We met with a well known Retail and Wholesale company with a turnover of £75 million who had been suffering at the hands of the insurance market due to the presence of composite panels at their main warehousing & distribution outlet.

The challenge

The lack of understanding of the risk had meant that insurers had only been prepared to write a proportion of the sums insured and numerous insurers had been called upon to share the cover (known as scheduling). The insurer panel had also imposed a high excess which potentially had serious implications to the company's cash flow.

Our solution

Within 1 month we had:

Carried out surveys of the premises in order to attract a single insurer.
Introduced key insurance underwriters and surveyors to the client in order ensure a full understanding of the business, the degree of inception hazard, how the risk was managed and the estimated maximum loss at risk which would determine the capacity available to the insurer concerned.
Carried out risk management surveys of the insured's main premises and put forward our recommendations.
Provided an audit of the insured's current programme and offered numerous alternatives to the programme structure including substantially reduced excess levels.
Highlighted the need to comply with the Asbestos at Work Regulations 2002 and offered a solution.
Addressed the issue of information security and offered a solution.
Proposed a Health & Safety audit.
Proposed the implementation of a Disaster Recovery Plan.
Reduced their insurance costs by approximately 50%.

Restaurant chain
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Retail and wholesale company
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Alliance Insurance Management Limited is authorised and regulated by the Financial Services Authority.
Our Firm Reference Number entered on the FSA Register is 310200.