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Risk Management
on risk reduction measures during the planning
stages of new buildings and plant, Fidelity and credit
insurers advice on audit and credit control systems.
(ii) risk financing and other advice - insurance
companies and brokers are often prepared to offer
advice on other insurance related matters. They often
review the needs of the clients and advice on the
most appropriate ways of financing different risks,
including availability of partial insurance. They
usually advice on matters such as exemption,
indemnity, insurance clauses in contracts, employee
benefits etc.
(iii) claims handling services - When a loss occurs,
insurers provide a variety of services and advice,
according to the class of insurance concerned. Loss
adjusters engaged by insurers to settle large property
damage claims, can often offer expert advice on
the salvaging of damaged property, names of
specialist repairers, possible sources of replacement
equipment and supplies, and generally help the
insured to get back into business as quickly as
possible. In case of liability claims, the insurers take
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