Machinery Risk Solutions
Marsh Canada’s unique Machinery Risk Solutions Practice carefully analyzes the exposures relating to the specialized equipment which falls under the machinery breakdown class of insurance.
In addition to placement, we take a value-added, consultative approach with our clients and prospects and work together on a day-to-day basis with respect to service, wordings, inspection, risk control, claims, and problem solving. We provide:
- Exposure analysis of machinery and specialized equipment by our machinery breakdown risk control consultants to assist clients in risk evaluation, business continuity, and loss mitigation from a global perspective.
- Design of coverage and Maximum Foreseeable Loss (MFL) analysis assist in assessing limit requirements and program enhancements based on exposure analysis to continually improve coverage options for our clients.
- Input from both a wording and engineering standpoint. We work closely with our dedicated claims department to provide keen insight and support for our clients in the form of expert claims service and support for maximum loss recovery.
As the leading broker in Canada for the placement of machinery breakdown insurance, we have developed strong and long-term relationships with insurers, at the corporate level, allowing us to place difficult and unique risks. We are constantly working with insurers to develop new machinery breakdown coverages and innovative solutions to better service our clients, including the development of unique policy wordings and extensions.