Selected commercial property owners policyholders could benefit

NIG’s Risk Control operation is extending their Risk Aware risk management service to selected commercial property owners policyholders.

NIG’s Property Owners product provides cover for owners of commercial and residential property portfolios.

In 2007, NIG partnered with RiskSTOP Ltd to introduce a free, risk analysis service for selected small business policyholders. The Risk Aware programme has now been extended with the introduction of a dedicated Property Owners version of the service.

The service requires the policyholder to complete an NIG Risk Aware Questionnaire and once reviewed by RiskSTOP, a Risk Control Pack is forwarded to the policyholders and their broker. The Risk Control Pack provides a tailored range of suitable risk management provisions, identifying where the property owner’s existing loss prevention measures could be improved.

Dave Sherman, property underwriting manager at NIG said: “The Risk Aware service has been very popular with our smaller business policyholders, particularly in the retail and leisure sectors, and we feel certain that our Property Owners policyholders will benefit from the service being extended to them as well.

"We have been able to provide a free early warning system alerting policyholders where they have been taking unnecessary risks and in many cases helping them to keep abreast of legislation and their responsibilities. Policyholders taking advantage of the service have been helped to significantly to reduce their risk, which is great news for them and for us.”