SERVICES

Our services and solutions provide a
package of measures that includes
risk management application, loss
control and risk financing. 

OUR SERVICES

Collaboratively we work with our client’s professional teams, consultants and insurance brokers to ensure a robust risk management programme is in place at all times.

sectors-module

The ERS team can help businesses understand the holistic approach to risk that aims to engender a culture within a business where risk management is considered as part of the normal working practice of the enterprise rather than an isolated discipline that can sometimes be viewed as a 'millstone' necessity.

By helping encompass and embedding risk management practices into businesses our aim is to help businesses become more efficient, profitable and resilient to both perceived and unrecognised risk.

Aimed at businesses who either want to enhance their own in-house resource or do not have the time and resource to manage this process effectively, the ERS team are experienced in providing an effective interface between their clients and traditional insurance brokers and support service providers.

Focussed on providing an independent, bespoke resource without the cost of an employed team, we help translate the strategic risk management objectives of the business into cost effective risk solutions for the business.

We are experienced at supporting businesses in designing and executing service provider reviews through tender exercises for such aspects as broker services, risk control and engineering, business continuity planning, captive management and loss adjustment services.

Designed to support both lenders and businesses in the Mergers and Acquisitions market, our service combines risk auditing with insurance programme analysis to both support decision making and identify potential areas lacking adequate risk treatment. This service can also include both historic claims analysis and assessment of the value of any 'open' claims for their potential asset value.

This service can also benefit businesses who want an independent review of their current arrangements to assess how these meet their current and future business risk requirements and identify where potential future developments can improve the effectiveness and cost efficiency of their risk management programme.

Our specialist support is focussed on effectively managing large losses with insurers and their professional advisors to ensure that settlements are achieved in the most efficient way particularly where the long term viability of the business may be at stake. We can assist in the identification of innovative solutions particularly for Business Interruption problems to help reduce business down time and economic impact.

By looking laterally at innovative solutions to claims problems we focus on enabling businesses to recover quickly from impactful events by improving cashflow and seeking recoveries wherever and from whoever is most appropriate.

Our consultants have a range of skills from running Captive Management companies through to designing and running captive insurance programmes and captive insurers. The practical knowledge that they have acquired of many collective years work in this area positions them ideally to help businesses develop financing solutions to risk where the traditional insurance market is either unwilling, incapable or too expensive to do so.

Our expertise encompasses offshore facilities from Protected Cell Captive arrangements to full Captives and Mutual Insurer solutions utilising our network of contacts in many of the recognised domiciles renowned for the efficacy of the facilities that they can provide.

TESTIMONIALS

Chris has played a vital part in the development and settlement of several major insurance claims during the construction and commissioning phase of a $2bn power plant project, for which we were the EPC contractor. The claims arose from various technical issues: Chris provided clear and precise guidance on how best to formulate the claims in the context of the policy, together with the presentation format most likely to meet the expectations of the loss adjusters. Crucially, Chris’ long experience with the complete range of stakeholders in the insurance industry aided us in creating and implementing a pragmatic and effective strategy, and in deploying tactics to reach settlement.

Most importantly when we were working on a relatively-remote site, Chris was always contactable, prompt and precise in communication, and ready to mobilise for meetings on site or with the insurance parties.

Without hesitation I would turn to him again for advice and guidance as an expert in his field and someone to be trusted to perform with complete professionalism.

Peter Corless BSc PGDip Arbitration PGDip International Commercial Law FRICS ACIArb
Commercial Manager Daewoo E&C Co. Ltd.

REGIONAL EVENTS

Register Now To Attend Our Risk Briefings

GET IN TOUCH

Email: info@eqate.co.uk

1 Kirkholme Gardens, Northampton, NN5 6AE

Tel: 01604 753136

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