Warehouse COPE reports are designed to provide a basic risk profile report for those risks with lower limit sums insured (below £1,000,000) or net premium income, where there may be limited risk information, or a declining loss ratio.

Typically a Warehouse COPE Report will contain 4 -6 digital images and basic risk information relating to:

• Warehouse construction and utility details including testing and maintenance regimes for fixed electrical and portable electrical systems and equipment.
• An appraisal of the insured’s business, activity undertaken, method of storage, staffing and hours of occupancy.
• Details of any passive and active protection measures installed with specific reference to fire and security systems, signalling and response arrangements, physical security of the building, yard security. An appraisal will also be made of the activity and attitude of the insured with regard to preventing and mitigating loss.
• An overview of both internal and external exposures covering fire and explosion, theft, water damage, flood, impact and other insured perils.
• An estimate of the Normal Loss Exposure (NLE) Maximum Amount Subject (MAS)
• Risk Improvements designed to assist the insured and reduce Underwriter’s exposure.

For more information please contact us.