Comprehensive audit of your insurance ensuring adequate coverage at fair rates.
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.
An insurance portfolio review is a complete audit of a business's policies, public liability, professional indemnity, property, directors and officers, cyber and more, checking coverage against actual risk to find gaps, overlaps and premiums that no longer reflect the market. It’s one function of Insurance within your Operations Hub , part of a connected back office.
Common problems we solve
You have insurance but aren't sure what's covered or what the limits are
You've been hit with a claim and discovered you had less coverage than expected
Your insurance premiums keep increasing but coverage hasn't improved
You have overlapping policies with different insurers, confusing and wasteful
Here's what you receive
Policy inventory
Every current policy, its coverage and its limits compiled in one place so you can see the full picture.
Coverage review
Your business operations reviewed against your policies to confirm what you're actually covered for.
Gap & overlap analysis
Uninsured or underinsured risks identified, along with overlapping policies that can be consolidated.
Premium benchmarking
Your premiums compared against market rates to see whether you're paying a fair price.
Adjustment recommendations
Clear recommendations for coverage changes and renewals, with negotiation of better terms.
How it works
Many Australian SMEs have insurance gaps or overlapping coverage without realizing it. Insurance agents often focus on single products rather than holistic portfolio review. We review your complete insurance picture: Do you have enough coverage for your actual risks? Are you paying for coverage you don't need? Are premiums competitive? This review often identifies $10k-$30k in unnecessary spending or dangerous gaps.
Comprehensive audit of all insurance policies and coverage
Identification of coverage gaps and over-insurance
Consolidation of overlapping coverage
Premium benchmarking against market rates
Negotiation of better terms and pricing
Clearer understanding of what you're actually covered for
How insurance portfolio review works
Inventory compiled of all current policies, coverage, and limits
Business operations reviewed to identify insurance needs
Comparison of coverage to industry standards and best practices
Gap analysis identifying uninsured or underinsured risks
Benchmarking of premiums against market rates
Recommendations for coverage adjustments and renewals
Who this service is ideal for
Growing businesses whose insurance hasn't been reviewed in 3+ years
Companies that have changed business model or expanded without updating insurance
Businesses wanting to reduce insurance costs without sacrificing protection
Related services to explore
Insurance Gap Analysis
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.
Renewal Management
Proactive management of insurance renewals ensuring they happen on time, terms are negotiated competitively, and coverage remains appropriate for your business. We track renewal dates, obtain quotes from multiple insurers, and ensure continuity of coverage.
Frequently asked questions
The short answers are here. For anything else, ask below or get in touch.
Insurance needs depend on business risk profile: assets, employees, turnover, liability exposure. We assess your specific risks and recommend appropriate coverage and limits.
Ready to get started with insurance portfolio review?
We can help you implement insurance portfolio review and start seeing results. Talk to an advisor about your specific needs and how this service would fit your business.