Water treatment plants and wastewater treatment plants might not be the first things that come to mind when you’re thinking about accurate property valuation data. But if your entity has one or both types of properties to include on its property insurance Statement of Values, you might just want to give that data a [...]
AssetWorks Risk Management has been in the property risk management industry for a long time now. And one thing we’ve learned is that organizations face some very common, yet critical problems that only robust property risk management software can effectively solve. The six big customer issues that come up time after time include: [...]
In our latest video, AssetWorks Risk Management shows you how our software and services help risk pools and other organizations gather and harness the buried treasure that is accurate, thorough property insurance data. We hope you'll check it out! You Might Also Like...
We're coming to the end of 2021, and a quick review of the past months shows the emerging pattern for the year may be found in its lack of pattern: that is, it’s a year in flux. So far, it’s been a rollercoaster ride for those of us in the property risk management industry. [...]
It’s a moving target subject to economic factors, new purchases, development, replacement and sale, shifting requirements and, the most frustrating and unpredictable element of all: human error. What is it? Your property data, the information you gather yearly for your insurance Statement of Values (SOV). And by auditing your property data before you submit [...]
Atlantic Hurricane Season officially started June 1, but it’s never too late to make sure your properties’ COPE data is complete and up-to-date. When used in conjunction with a catastrophe modeling tool like AIR or RMS, thorough COPE data can help ensure you have the right coverage whenever a risk event pays you a [...]
When you’ve been in the property risk management business as long as we have at AssetWorks, you find some innovative ways to elevate your data collection game. And one free tool we’d like to share today that’s helped support our continued quest for more complete data is the Google Earth Pro application. [...]
Leverage these methodologies to maintain up-to-date property data and insurable values For any organization with a large property schedule, maintaining accurate and up-to-date property data and values can be a challenge. However, providing your broker/insurer with recent valuation results and detailed property data can help them better understand your risk profile and potential for [...]
5 Strategies to Help Ensure Your Buildings and Structures are covered in the Event of a Loss From business continuity planning to insurance policy management, risk managers have their hands full when it comes to being prepared for a potential loss. Time and again, we hear stories of entities filing insurance claims only to find they [...]
Challenges to Consider when Relying on Spreadsheets to Manage Property Data For years organizations have gotten by managing property insurance related data in multiple, complex spreadsheets. While this may be a quick and simple solution, it also presents many risks. 1. VOLUME OF DATA: As organizations grow and regulations change, the amount of data [...]
