Insurable Risk and Gap Analysis
Uncover Your Hidden Risks
Unidentified risks can jeopardise your business. Our insurable risk and gap analysis team identifies these vulnerabilities and recommends tailored solutions that ensure you're comprehensively protected.
Expertise That Works
Seeing What Others Miss
At Knightcorp, we don’t skim policies—we dissect them. Our insurable risk and gap analysis is powered by specialists who know where coverage fails, why insurers deny claims, and how to make your policies work for you, not against you.
- Regulatory Watchdogs: We track shifting insurance laws and compliance requirements, ensuring your policies meet today’s (and tomorrow’s) standards.
- Claims History Expertise: We analyse past claims and insurer patterns to predict where coverage gaps will cost you the most, and work to find the right solutions.
- Risk Mapping Expertise: We break down complex business structures, identifying hidden liabilities sometimes overlooked.
Related Insights
Step By Step – Insurable Risk & Gap Analysis
Step OneIdentify Business Risks:
Knightcorp hold a risk workshop with you to gather information on your potential risks and exposures - both insurable and uninsurable.
Step TwoReview Current Coverage:
Knightcorp analyses existing insurance policies.
Step ThreeSpot Gaps and Overlaps:
We compare your current coverage to identified risks.
Step FourBenchmark Against Standards:
Knightcorp evaluates policies against industry benchmarks.
Step FiveProvide Recommendations:
We suggest tailored solutions to address any gaps.
Step SixAction Plan Development:
Knightcorp agrees an action plan with you to enhance your coverage.
Frequently Asked Questions
Demystifying Insurance
What is insurable risk and gap analysis?
Our Insurable Risk and Gap Analysis service comprehensively analyses your existing insurance policies, identifying insurable gaps in coverage and recommending tailored solutions to keep your business operations comprehensively–and continuously–protected.
Can Knightcorp assist implementing recommended solutions?
Absolutely. Beyond identifying gaps, we provide actionable solutions and assist in updating your insurance programs to address any uncovered risks, or securing new policies where needed.
How often should a gap analysis be done?
Annually or whenever significant changes occur in your business operations. A policy review will comb through your insurance to identify new exposures and work to ensure continuous comprehensive coverage.
How does industry-specific expertise benefit my business?
Our industry expertise means we know what to look for. For instance, a transport company needs coverage for fleet protections, liabilities and cargo losses, while a construction firm faces project delays and contractor claims. We analyse risks unique to your sector—whether it’s environmental liabilities in mining or cyber threats in tech—and ensure your policies minimise exposures to the greatest degree possible.
Leadership
Meet Huw
Huw brings a wealth of expertise from the Australian and UK insurance markets to his role as Head of Broking at Knightcorp. He leads his team in conducting thorough insurable risk and gap analyses, ensuring clients receive comprehensive protection. By combining strategic insight with meticulous attention to detail, Huw’s leadership delivers tailored solutions that mitigate exposure and minimise risk.
