Category Archives: Value At Risk

Having the correct sums insured on your policy is vital in case of your business incurring any loss. Inadequate sums insured will lead to insufficient claim settlement figures.

HELP!! I am a victim of a burglary! What to do now?

ShareAccording to a survey of the national crime league, published in the Irish Examiner, each 19 minutes a burglary is committed in Ireland where the average value of goods stolen is 1,868 Euros. The Central Statistics Office indicates that there … Continue reading

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How Loss Assessors in Ireland work…

ShareHow Loss Assessors in Ireland work… Have you ever suffered a loss in terms of fire, flood, burglary or other damage to your home or business? If you have, then there is a high probability that you made a claim … Continue reading

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Do You Know your Value at Risk?

ShareIn the current Economic Climate, a major loss can end a company, particularly if the company is not accurately insured.

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On the Grapevine with Benen Tierney

ShareSean Cleary was interview recently by The Grapevine with Benen Tierney on Castlebar Community Radio. This interview is a great introduction to Loss Assessing and what it entails. To listen to the interview just click on the link below. We … Continue reading

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A Lesson To Learn, Now.

ShareAs a result of the November floods last year, Grassland Fertilizers suffered losses of up to €1.3 million when up to 70% of the stock stored at its Cork facility was destroyed. A claim was processed and the underwriters failed … Continue reading

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The Devil is in the Detail

Insurance companies, like any other business, are there to maximise profits, it is their duty to their shareholders to do so. In the event of a claim, insurance companies try to minimise the amount that they pay out through the strict enforcement of policy terms and conditions. Insurers use little known devices such as the ‘rule of average’. Continue reading

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Why use an independent loss assessor?

All insurance policies require that the insurance company be notified of the claim within a very short period of time following the event giving rise to a claim, 7 days or less usually. The lack of consumer protection in this area however, creates the position that these deadlines are one-sided only. Continue reading

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Value at Risk and your Business – Irish Hardware Assoc

ShareThe Irish economy is currently undergoing fundamental change in the wake of the recent financial crisis. Every business owner or manager must now take time to critically examine their position and prepare for a return to economic growth in the … Continue reading

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