The first cut isnβt always the deepest: Convective storms top secondary perils to property
The increasing frequency and severity of convective storms is adding up to eye-opening costs.
Understanding and managing property risk mitigation can seem overwhelming. After all, property losses can be caused by a wide range of risks from severe weather and other natural hazards to fires, vandalism, theft and more. And any one of these risks has the potential to create significant impacts that can hurt your company’s income streams, market position and future growth.
With Property Risk Engineering Services from Zurich Resilience Solutions (ZRS), insights and data can be transformed into meaningful actions to help protect your property — and all that it represents.
Property risk assessment begins with a thorough understanding of your risks. ZRS’ team of experienced, skilled Risk Engineering specialists can work with you on coordinated property risk assessments, risk grading and consulting services. With the knowledge gained from these assessments, you can make better-informed decisions and develop stronger risk-management strategies.
ZRS aims to empower you in identifying, assessing and proactively managing the complex risks that you face daily, and help prepare you for whatever may come next. We work with you to provide Risk Improvement Actions and loss estimates that support you in managing your risk. We also can help improve organizational understanding of your company’s natural catastrophe risk profile.
Beyond assessments our ZRS professionals perform, we can provide user-friendly tools, including Zurich Self-Risk Assessment and Zurich Risk Snapshot to help enable your business to take the reins on its risk-management planning.
Property risks impact each business differently, which is why the best risk-reduction planning is specific and focused on your operations and practices. With that view in mind, ZRS can offer a broad array of services and tools to elevate your risk management. Coordinating with you, the services below and others offered by ZRS can be made part of a customized Customer Service Plan.
With the increase in the frequency and severity of major storms, wildfires and other severe weather events, property loss control has never been more vital. But property exposures exist for any business, whether natural hazards are the most pressing risk or not. Loss prevention is the ultimate mission for ZRS, and while our assessments are central to that mission, we also offer other loss-control services that include, but are not limited to:
Industry benchmarking services | |
Fire Protection courses, Seminars and Webinars | |
Project management and plan review services |
Online fire protection impairment management | |
Loss investigation and root cause analysis |
With more than 850 Risk Engineers working across 40 countries and access to a worldwide network of technical expertise, ZRS is ready to help your business wherever it operates. And in an increasingly global economy, ZRS services that help identify supply chain vulnerabilities can help reduce international risk exposures even if your companyβs properties are entirely based in the U.S. We can designate regional Risk Engineering resources and help keep you informed of any local compliance-driven risk mitigation requirements.
Zurich has over 150 years of experience serving a broad range of customers, and our risk professionals have strong backgrounds within the specific industries we serve.
Along with direct consultations, ZRS can work with your company on training to meet multiple levels of organizational risk mitigation needs. And our customers can access cutting-edge digital tools, including
My Zurich,
Zurich Risk Advisor and our Remote Collaboration tool.
ZRS works hand-in-hand with Zurich’s other knowledgeable specialists in our Underwriting and Claims teams, and leverages support from other teams throughout the company. Working together, we get a more complete picture of our customers’ challenges and a clearer view on cost-effective solutions that can be effective for them. It’s a multi-team effort, but customers enjoy a single point of contact that makes communication clear and simple.
Property losses are disruptive to operations and can create immediate business interruption, supply chain challenges, and ultimately impact your customers. The growing climate and unoccupied property exposures mentioned above make addressing this connection more pressing. ZRS’ Property Risk Engineering, Business Continuity Services and Supply Chain Risk Services teams work together to help your organization find the best strategies to manage and help reduce these risks.
1. The Global Risks Report 2023. World Economic Forum.
The increasing frequency and severity of convective storms is adding up to eye-opening costs.
Loans and insurance can help in storm recovery, but the best planning may help ensure there is less to recover from after a major event.
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