An insurance policy is a document which sets forth all the conditions of the insurance contracted.  For instance, it specifies the premium due, the covers and warranties contracted, and the time periods established among other general conditions. 

Only specialized brokers have the capability to conduct flawless and thorough audits of insurance policies. The audit is performed to clarify the insured company as to what are the policy terms and conditions, and how it can benefit from its insurance throughout the entire policy term.  

In the case of a marine insurance policy, for instance, the first step of the audit process requires an extensive review of the existing marine, property and casualty policies, insurance credits, and risk management programs.     

During the mentioned review, a detailed analysis is conducted of the company policies and insurance documentation to determine whether the cover is adequate to protect the corporate assets, and mitigate catastrophic risks.   

After this evaluation, all the assessments made are simplified and presented to the company team members in a clear and straightforward manner.  

CredRisk Marine is specialized in this type of service. We conduct audits on all the policies of the logistics chain. Based on such data, our team provides numerous advantages to the insured by:   

• Determining the role that insurance plays in the achievement of the company’s commercial objectives;  
• Identifying the areas where insurance cover is adequate or inadequate;
• Assisting in the renegotiation of critical corporate insurance programs;
• Conducting in-depth analyses of insurance forms, terms, conditions and exclusions.