Many insurance programmes have been in place for a considerable time and policies are sometimes littered with endorsements noting changes that have taken place from year to year.  It is not unusual to find policies covering activities that no longer exist or terms that are contradictory.

Undertaking a thorough investigation of your existing insurance programme will identify strengths and weaknesses and areas where improvements may be made to achieve protection that is totally relevant to your current risk profile.

The audit is clearly defined and will provide a review of your current programme to identify:

·          Gaps in cover

·          Cover improvements

·          Cover reductions

·          Comparison of cover limits

An insurance cover audit is important as a first step in designing an insurance programme that reflects the ever-changing needs of your institution.