Across the spectrum of property risks — from cyber breaches to supply chain disruption to contingent business interruption issues — organizations must look beyond insurance to find the opportunity in risk management.
Marsh’s Property Practice specializes in helping manage these and other challenges. With Marsh, businesses are not merely obtaining property insurance; they are gaining competitive advantage.
As the world’s leader in property risk management, we combine technical analysis, program innovation, and market insights to identify potential property risks. Our advisory, loss control, and claims specialists are supplemented by a global team of subject-matter experts and industry-leading catastrophe-modeling capabilities. Using our analytics platform — which includes the industry’s only mobile content-delivery platform — we can benchmark a risk management program and spot coverage gaps.
Marsh's property professionals do more than just complete transactions: They work closely with you to identify the full spectrum of your property exposures, then customize a property coverage solution that helps you avoid, mitigate, or transfer risk. With this holistic approach to risk, you can predict property risk management costs and create a risk management program that meets your unique needs, maximizing protection while minimizing total cost of risk.
As part of our offering, Marsh can conduct a strategic review of your existing property insurance program and offer a second opinion to identify coverage enhancements and premium savings. Based on your individual risk, we hand-select a review team from a field of experts, which may include coverage experts, global placement specialists, and/or industry practice leaders.
Marsh’s strategic review offers you multiple business benefits, including:
- Identification of optimal program structure, terms, and rates.
- Program innovation and best practices.
- Thought leadership from Marsh property strategists, risk control consultants, and risk financing analysts.
- Verification of your program’s competitiveness.
Total Cost of Risk Perspective
A key to Marsh’s property risk management offering is a holistic approach. We address all aspects of your risk profile, and look to drive value not simply through premium savings, but also through managing, and ultimately reducing, your total cost of risk. The analytics, recommendations, and solutions we provide to you, coupled with our expertise on a pre- and post-loss basis, build a strong foundation for driving down your total cost of risk.
Boiler & Machinery
Marsh’s Machinery Risk Solutions Practice – unique to the Canadian brokerage industry – is experienced in coverage design, placement, risk consulting and claims advocacy, and has the resources and specialized knowledge to offer the best possible solutions for your boiler and machinery-based risk issues. As the leading broker in Canada for machinery breakdown insurance, Marsh has developed strong and long-standing relationships with insurers, granting us unique opportunities to place difficult and unique machinery risks.