Take Your Child to Work Day 2020 Goes Risk Management
This year, Centurisk created our first ever “Take Your Child to Work Day” Risk Management Workbook to help the children of risk management professionals learn a little bit more about what their parents do each day! From big bad wolves to convective storms, here’s a look at some of the great artwork we received after […]
7 Common Types of Mistakes Found on Property Schedules
by Justin Deem, Vice President of Appraisal Operations When applying for proper property insurance coverage, it’s important to have a complete and accurate property schedule. Why? A well-prepared schedule of information helps ensure accurate coverage and the best ratings possible. It speeds up the underwriting process and provides transparency for everyone involved in the process. Plus, […]
What to Look for When Choosing a Property Appraisal Company
We all know that age-old saying: “You get what you pay for.” And when you’re choosing a property appraisal company, there are several important factors that can prove that adage true. When you engage an appraisal firm, you place a lot of heavy responsibility into the hands of your vendor because, let’s face it, your […]
What Robust Property Risk Software Means for Your Organization
by Ryan Tate, Director All property insurance programs are different: that, we know. But whether we’re talking about States, Risk Pools, or smaller public entities like counties, municipalities or school districts, it’s fair to say that they all have common problems when it comes to managing and perpetuating their property data. As insurers and reinsurers […]
Property Risk Management Reporting: The Reports that Help Reduce Risk
An effective Property Risk Management System is about more than the property appraisal data that you pour into it. (Though collecting property data is still a critical part of the process.) It’s also about the robust level of information you can get out of your system. The ideal property risk management system should help you form a […]
Property Valuations for Insurance: 3 Scenarios to Avoid
Addressing 100% of the buildings and structures listed on a statement of values (SOV) with property insurance valuations can seem like a daunting task. One rule of thumb, sometimes used to make the task more manageable, is to set a threshold. Then, everything currently valued above the threshold will be appraised while everything below it […]
Property Risk Management Software: 3 Big Benefits
The year 2023 marked the highest number of billion-dollar disasters in a calendar year for the U.S., with 28 separate weather and climate disasters costing at least 1 billion dollars. Exposure to environmental risks like fires, floods, and earthquakes are inevitable, but there are ways to prepare your organization for risks like natural disasters. One such tool […]
How an Accurate Statement of Values Can Secure Insurance Coverage at the Best Rates
A statement of values (SOV) is a declaration to insurance providers of which properties your entity intends to insure. At a minimum, an SOV generally includes a name, address, square footage, occupancy, and replacement cost for each property listed. For risk management professionals concerned about property risk exposures, an up-to-date, accurate SOV is critical. By […]
A Property Valuation Partner in the Age of COVID-19
Today many organizations are concerned with how to protect the health and wellbeing of their employees during the COVID-19 pandemic, while remaining active and profitable entities within their industries. It’s a careful balancing act we all must face during these stressful, rapidly-shifting circumstances. When it comes to property management, the shift presents its own set […]