Increasingly in cases of major claims, the Insureds – invariably at the indication of their Lawyers or Brokers – contract a Loss Assessor to help them to prepare and defend their claim that will be submitted to the Insurance Companies.
This has obvious advantages, since firstly:
- These experts will furnish the Policyholder with a technical report on the causes and consequences of the loss event that can then be compared against the report compiled by the Loss Adjuster acting for the Insurance Company.
- They can help the Policyholder to adopt measures, something that they are obliged to do, in order to minimise the Consequential Losses.
- They will free the Policyholder from the work of preparing and documenting the claim to be presented to their Insurers, so that instead they can dedicate themselves primarily to recovering their normal productivity and contacting their suppliers and clients.
Furthermore, with the “fees of the Insured’s expert/loss assessor” clause that the major Brokers currently are contracting in the policies that they negotiate, VANTEVO’s services may end up being wholly or partially free of charge for the Policyholders.
Likewise an independent and professional Loss Assessor like VANTEVO, can help the Policyholders reduce their claims record by systematically analysing the causes of any loss events that arise and thus undertake measures so as to prevent any similar loss events recurring in the future.
Additionally, based upon the analysis of the incidents that occur, it is possible to achieve a year on year improvement in the safety measures implemented at the risk and thereby improve the covers afforded by their Policy, all of the above in collaboration with the Policyholder’s Broker.
Lastly, an independent Loss Assessor such as VANTEVO CLAIMS ADVISORS can help the Policyholder to avoid any underinsurance by appraising their assets, and to improve their risks by means of the survey report they compile that reflects the necessary hazard prevention and safety measures, and to draw up an “action protocol in the event of a loss” the advantages of which we have explained in a recent communication.