RISKS PREVENTION STUDIES

• For enterprises or groups that desire to obtain an optimal risks program
• For the industry in general
• For insurances companies
• For reinsurers

BENEFITS IN INSURANCES

• Complete information for reinsurers
  • Audited reports for international enterprises
  • Accepted reports in the international reinsurance market
• Groups not justified only by the ten most important locations
• Premiums not determined by the location with the worst risk
• Conditions correctly determined by the risk profile of all the locations

SELECTION AND INSPECTION

• Selection of the most important properties by:
  • Values
  • Accident rate Interdependency among the group enterprises
• Risks engineering inspections
  • Know the properties
  • Develop the risks profile
  • Develop the risks matrix
  • Evaluation of risks scenarios
  • Estimate of probable maximum lost

REPORTS

• Reports
  • Detailed
  • Precise
  • Complete
  • Accepted in all the insurance market
• Coverage
  • Material damage
  • Boilers and machinery breakdown
  • Consequential loss
  • Merchandise Transport
  • Money and values
• Distribution
• Fort the risks administrator
  • For the insurance broker
  • For the insurance company
  • For the reinsurers
• For the inspected location
• For similar locations of the group

TIME

• Inspections direct damage and consequential loss
  • 2 months after the renovation of the insurance program
• Reports
  • 3 months after the renovation of the insurances program (Spanish 1 month, later in English)
• Support (on the costumer’s demand) Continuously
  • LCS could contact reinsurers
  • LCS will give counseling on the costumer’s demand
    

UPDATE

• Visit to the previously inspected properties
• Review the progress and implementation of previous recommendations
• Self-audits
  • With the own team of the group
• Locations not visited previously
• New reports

SELF-AUDITS

• Selected team by the group
  • Multi-disciplined
  • With experience
• Training by LCS
  • In classrooms and in the field
  • Inspections
  • Reports formats
  • Risks profiles
  • Risks matrix
  • Estimates of maximum loss
• Visits program
  • With LCS
  • Only the group team for other plants
  • Only the team group for re-inspections

STATUS OF LOCATION RISKS

• Improvements of risks in the locations
  • Modification / optimization of the insurances program?
  • Adjustment of the insured amounts?
  • Modification of deductibles?
  • Modification of withholding risks?
• Verification of the implementation quality
  • Economic considerations
  • Engineering standards
  • Security standards
  • Protections against fire standards
• Global applications
  • For similar locations in the group?
  • For all the locations in the group?

TIME 2

• 3-4 months before the renewal of the insurances program
• Before the visit of the reinsurers for:
• To assure that the recommendations will be done before de renewal
• Time to adjust the insurance program
• Time to prepare reports
• To have assured the update of the reports P

REPORTS 2

• Compositions of the reports
  • Included all the visited properties (by LCS or by the group team)
  • Update of PMLS´S
  • Profile of the risks improvements
  • Reports of the group team audited by IES
• Time
  • 3 months after the renewal of the insurances program (Spanish 1 month, in English later)
• Distribution
  • For the risks administrator
  • For the insurance broker
  • For the insurance company
  • For the reinsurers
• For the inspected location
• For similar locations of the group

DEVELOPMENT

• Standards
• Emergency plans
  • Plans for handling fire events
  • Evacuation plans
• Contingency plans
  • Equipment substitution
  • Location alternatives, etc.
• Procedures
  • Security
  • Fire preventions
  • Inspections
  • Quality assurance
  • Maintenance
• Consequential losses and optimization of interdependencies

TIME

• After phase 2
• Continuous program
• Revision and continuous auditing

RESULTS

• A complete knowledge of the group risks
• A better risks management
• Optimization of risks retention
• Complete information for reinsurers
• Optimal insurance program and finally, financial savings

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