Insurance has often been viewed as a defensive measure, offering protection when incidents occur that impact an organisation's finances. At Ardrossan, we redefine this perspective by combining our roles as risk consultants and insurance brokers, with the objective of delivering substantial benefits through a proactive approach to risk management.
Our focused consultative process (RIMR) empowers us to proactively assess your insurance needs. We challenge existing risk processes and historical purchasing decisions with the goal of achieving better outcomes on your behalf. By combining your in-depth knowledge of your business with our risk consulting and broking expertise, we aim todeliver results that meet your needs.
The benefits for you can include:
Comprehensive understanding of your internal and external risks
A robust insurance program tailored to your risk profile
Clarity on why the program meets your needs
Potential for premium reductions
Enhanced business processes and practices
More time to focus on running your company
Our focused consultative process (RIMR) empowers us to proactively assess your insurance needs. We challenge existing risk processes and historical purchasing decisions with the goal of achieving better outcomes on your behalf.
By combining your in-depth knowledge of your business with our risk consulting and broking expertise, we can deliver results that meet your needs.
The benefits for you can include:
Comprehensive understanding of your internal and external risks
A robust insurance program tailored to your risk profile
Clarity on why the program meets your needs
Potential for premium reductions
Enhanced business processes and practices
More time to focus on running your company
RIMR is our proprietary consultative process, tailored to fit the size and complexity of your organisation, and aligns with Australian Standards AS/NZS ISO 31000:2009 Risk Management.
The result is a comprehensive risk profile of your business and a clear understanding of your insurance needs. We develop a formal process to identify and document your business risks, which can include creating a formal risk register if necessary.
Increased awareness of your risk profile allows you to make informed adjustments to your business processes and practices.
Stakeholders—including investors, employees (current and prospective), insurers, financiers, customers, and shareholders—can gain greater confidence in your organisation's operations and long-term viability. This process equips us with the information needed to assess the adequacy of your current insurance program.
We also identify positive risk attributes that can be communicated to insurers, potentially leading to greater premium reductions. An accurate risk profile can enhance insurers' understanding of your business and enable them to offer the broadest coverage possible.
Our discovery process is tailored to your available resources and the complexity of your operations, allowing us to offer varying levels of RIMR analysis to meet your needs.
With our experience, we can efficiently gather the necessary information to achieve optimal results, clearly explaining the purpose of each data request and avoiding unnecessary inquiries.
Using insights from our RIMR analysis, we combine your risk profile with our extensive industry experience to create a tailored risk transfer solution that meets your needs. We recognise that each business has unique risk tolerances, claims experiences, and objectives, and your insurance program must adapt to the ever-changing business landscape.
In designing your program, we consider various factors, including:
Asset valuation methods
Liability limits
Business interruption sum insured calculations
Levels of self-insurance
Co-insurance versus layering options
Insurer security
Commercial contractual obligations
We consolidate our findings and present a range of insurance programs for your review. Given the complexity of policy wordings, we ensure you understand both the coverage and material exclusions in the options we provide.
An insurer’s premium is directly linked to the quality of risk information provided. We ensure they receive detailed, factual, and professionally presented information, with the aim of instilling confidence for them to offer their most competitive terms.
Recent natural disasters in Australia, and stricter internal guidelines have heightened the scrutiny insurers apply when rating risk premiums.
Recognising these market changes, we identify positive risk attributes to enhance our negotiating position on your behalf.
LCPA 25/371
Ardrossan Insurance Brokers Pty Ltd (ACN: 48161670748, AFSL:433465) is an insurance broker acting as agent for insureds and intending insureds. Ardrossan is not an insurer. The information on this website has been prepared without taking into account your objectives, financial situation or needs. Any advice provided on this website is general advice only. Before making a decision to purchase an insurance policy, please read the relevant Product Disclosure Statement to make sure the policy is right for you. Insurance cover is subject to policy terms and conditions including policy limits and exclusions.
