Why Unbundle?


One of the key reasons to use unbundled services is to control the empirical data. This is provided within Risk Logic's Property Loss Prevention Reports.

The reports provide critical information for the Insured and can be used in a variety of ways. The Risk Management department can provide the reports to insurance brokers for marketing purposes. Typically most insurance carriers provide recommendations only and sometimes a very brief COPE report. At Risk Logic we provide the most comprehensive report in the industry.

Our reports have been used in various departments throughout a company. They include:

  • Legal - to assist with leases and High Piled Storage Permit violations
  • Engineering - to understand hazards at a plant and to provide protection methodologies for those hazards
  • Construction - to assist with renovations or new construction
  • Real Estate - to help understand the loss prevention standards at existing and new facilities so there is a common protection standard throughout the company
  • Procurement - to get a handle on the location's needs for fire protection maintenance and testing services
  • Safety & Health - helpful during their audits and for COPE information

    • Besides the many advantages the report has for the Insured, there is a distinct advantage for the broker when marketing the Insured's portfolio of locations at renewal time. Data such as primary and secondary modifiers for RMS modeling programs can be helpful in better understanding the financial exposure the insured has to a NATCAT peril. Also, the detailed reports provide a better understanding and comfort level of the Insured's risks for the insurance carrier. This understanding can quantify so many unknowns, versus if the insurance carrier were reviewing a "Recommendation Only" report.

    The cost of the inspection and report in most cases is paid by the Insured. This can be in many ways. The most common is the Insurance Carrier adding a surcharge to the Property Premium. However, this is not advantageous to the Insured since the Carrier is conducting the inspection with the Insurance Carrier's interest first. Normally, the Insurance Carrier does not share the report or provides a brief report to the Insured. Brokers may also conduct property loss prevention inspections, but their work is sometimes not accepted by the Insurance Carriers as it is viewed as biased toward the Insured.

    At Risk Logic, our reports are accepted by the Insurance Carrier Community. Our staff is made up mostly of Professional Engineers. We provide prescriptive recommendations based on the National Fire Protection Association (NFPA) and FM Global (FM) standards. We provide no bias to the Insured, Broker or Insurance Carriers as all are our customers.

    Unbundled Property Loss Prevention Services is an important aspect of Property Insurance. The owner of the data has a distinct advantage and the owner should always be the Insured. At Risk Logic, we provide the most comprehensive Property Loss Prevention Report in the industry at a great value to the Insured.

    Please contact Risk Logic for further questions on providing unbundled Property Loss Prevention Services.