Make a risk analysis
What we really mean by that: it is wise - before you start insuring against all sorts of things - to first complete risk analysis for your business. These independent advisers are like general practitioners: they understand the whole body and can assess where the dangers lie. But they are not specialist enough to tackle individual ailments. They prefer to leave that to the real specialists. We are one such specialist, but more on that later in this piece.
What if I am already insured against all sorts of things at the moment, you may be wondering. Still drop by that GP, we advise. Fortunately, we know a number of them, with whom we have worked well for many years and with whom we are one hundred percent confident that they have a reliable diagnosis pose. These independent advisers make a thorough insurance analysis: a comparison between existing risk management and the insurance policies taken out for that purpose, on the one hand, and the existing solutions we know about, on the other.
An insurance analysis thus provides:
- Understanding the risks relevant to the organisation;
- Optimal risk management;
- Minimising risk management costs.
Continuity at risk?
This contributes to the ultimate goal of an insurance analysis: protecting the company's solvency and profitability. Or in other words, it answers the question: Does a particular risk jeopardise the continuity of my business? If the answer is yes, then insurance is recommended. If the answer is no, then one should carefully weigh up how big the risk actually is. The entrepreneur's risk appetite and the resources available to insure also play an important role in the consideration surrounding insurance.
A thorough risk and insurance analysis examines all kinds of areas of concern. Consider directors/owners, staff, buildings, machinery, suppliers, customers, transport, liability, environment and crime. We know the specialists in these different areas and can put you in touch with them.
At Xolv, we focus on customer risk mapping. We are specialists in debtor management and credit insurance. We continuously monitor your customers' solvency and know the best way to insure against non-paying customers. To this end, we cooperate with all reputable credit insurers and collection agencies.
Not products, but solutions
But... We only act when we are part of the overall picture. The name Xolv says it all: we sell solutions, not products. That adviser with a folder full of policies, that's not who we are. Sometimes the best solution is for you to just not insures, for example if you have a business with thousands of customers with receivables of a few hundred euros. The chances of one of your customers falling over are then high. But the loss is so low that the premium amount exceeds the loss. Do not take out credit insurance, we then advise. Fair enough, right?
Wondering whether or not you should do business with us? Or would you like the name of a good GP? We are happy to make time for a personal consultation.
