Identify uninsured or underinsured risks before they become expensive problems.
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.
An insurance gap analysis maps a business's actual risks against the cover it currently holds, identifying the exposures that are uninsured or underinsured and ranking them by likelihood and potential impact. It’s one function of Insurance within your Operations Hub , part of a connected back office.
Common problems we solve
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
Here's what you receive
Risk assessment
A structured look at all your business risks, operational, financial, compliance and liability.
Coverage mapping
Your current insurance mapped against those risks to show what is and isn't covered.
Prioritised gap list
Uninsured and underinsured exposures ranked by likelihood and potential impact.
Cost-benefit guidance
Coverage recommendations and cost estimates for closing each gap, so you can decide what's worth it.
Risk documentation
Documentation suitable for your board, management and stakeholders showing risks are being managed.
How it works
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 prioritisation 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
How insurance gap analysis works
Risk assessment identifying all business risks: operational, financial, compliance, liability
Current insurance mapped against identified risks
Gap analysis identifying uninsured or underinsured exposures
Risk prioritisation based on likelihood and potential impact
Coverage recommendations and cost estimates for addressing gaps
Documentation prepared for board, management, and stakeholders
Who this service is ideal 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
Related services to explore
Insurance Portfolio Review
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.
Claims Support
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.
Frequently asked questions
The short answers are here. For anything else, ask below or get in touch.
Cyber insurance, management liability, key person insurance, contract works insurance. Many SMEs focus on traditional liability coverage and miss emerging risks like cyber attacks.
Ready to get started with insurance gap analysis?
We can help you implement insurance gap analysis and start seeing results. Talk to an advisor about your specific needs and how this service would fit your business.