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The Importance of Property & Casualty Insurance: Inspection Procedure — Part III

August 15, 2012
Insurance Inspector

The insurance inspector (aka: field representative, loss control/prevention engineer) is part reporter, part technical consultant, and part educator. Their inspection should produce the following:

a)      An identification of hazards with the potential to lead to or contribute to loss,

b)      An enhanced outlook toward loss prevention by those in charge of the insured location, and

c)       A record of the findings and actions resulting from the inspection.

 

Insurance inspections are made for one or more of the following purposes:

a)      Securing information necessary for proper rate-making and underwriting,

b)      Determining that the property conforms to good practice in fire prevention and protection, and

c)       Providing advisory service on loss prevention to both the insured and insurer.

 

Commercial insurance underwriting and loss control/prevention inspections often require more in-depth inspections to:

  • Assess insurability.
  • Mitigate or engineer risk associated with hazards that are part of the building infrastructure and its surroundings.
  • Mitigate or engineer risk associated with the occupants’ activities and management practices.
  • Justify and document certain types of underwriting discounts.

 

Our goal at WSRB is to develop accurate, relevant and timely underwriting and rating information and to encourage sound fire prevention and suppression techniques. We are independent “knowledgeable outsiders” you can rely on.

Our inspectors and advisors provide reliable inspections that deliver meaningful measurements of building construction, value, stewardship, condition, occupancy and exposure to risk elements.

 

Article by Mark A. Wogsland

Read Part I and Part II of this series!

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