Detailed analysis of your business risks identifying what's insured and what's not. We map your risk profile against your current insurance and highlight gaps that could expose you to uninsured losses.
The Challenge
You were hit with a loss and realized you had no insurance for that risk
Your insurer denied a claim because the risk wasn't covered
You don't understand what your business's actual risks are
You can't show stakeholders or auditors that risks are being managed
Why It Matters
Gap analysis moves beyond current insurance to identify actual risks. Every business faces unique risks. Service businesses face liability from poor advice. Manufacturers face product liability. Data-heavy businesses face cyber breach risk. Your insurance should match your risks. Gap analysis documents which risks are covered, which are partially covered, and which are uninsured. This documentation becomes critical if a loss occurs.
Clear identification of uninsured or underinsured risks
Risk prioritization based on likelihood and impact
Coverage recommendations for each identified gap
Cost-benefit analysis for closing gaps
Documented risk management showing due diligence
Peace of mind knowing critical risks are addressed
The Process
Risk assessment identifying all business risks: operational, financial, compliance, liability
Current insurance mapped against identified risks
Gap analysis identifying uninsured or underinsured exposures
Risk prioritization based on likelihood and potential impact
Coverage recommendations and cost estimates for addressing gaps
Documentation prepared for board, management, and stakeholders
Best For
Growing businesses whose risks have evolved faster than insurance
Companies in regulated industries needing documented risk management
Businesses preparing for investor funding or sale requiring risk documentation
Complementary Services
Complete review of your business insurance portfolio including public liability, professional indemnity, property, directors and officers, and cyber insurance. We identify coverage gaps, overlapping policies, and opportunities to reduce premiums while maintaining protection.
Expert guidance through the insurance claims process ensuring you meet requirements, provide proper documentation, and maximize recovery. We coordinate with insurers, help prepare claim documentation, and support negotiation of claim outcomes.
FAQ
Cyber insurance, management liability, key person insurance, contract works insurance. Many SMEs focus on traditional liability coverage and miss emerging risks like cyber attacks.
No. We prioritize by risk. Critical gaps (cyber insurance for data-heavy businesses, professional indemnity for service providers) are addressed first. Lower-risk gaps can be deferred.
We prioritize critical gaps and find lower-cost alternatives: self-insurance, risk management to reduce likelihood, or higher deductibles to lower premiums.
Can't find the answer you're looking for? Get in touch
We can help you implement insurance gap analysis and start seeing results. Book a consultation to discuss your specific needs and explore how this service can transform your business.