The practice will review as to the optimum level of risk which is best retained within a company comparative to that which needs to be transferred by the purchase of insurance. This will obviously focus primarily on those risks which are in themselves insurable. This service will include an assessment as to deductible levels and as and when deemed appropriate, the formulation of a captive insurance company.

The purpose of such an exercise will be to ensure that the client’s outlays are kept to the minimum.

One example has been an assessment as carried out for a major PLC contractor, who lost a whole years profit, due to an uninsured transit loss of their equipment.