What We Do
What VIMADALALS can do for You
For any Individual / Business / Industrial organization the main objective are to maximize / increase profit / revenue / net worth / market share or just to stay in business for long term. No individual / firm / organization or society can know or predict all that the future Holds in store
Unexpected events are the result of:
- One’s own action,
- Failure to exercise care,
- Ill-equipped to manage disaster,
- Action of others / nature,
- Legal Liability arising out of accident (TP) / Act of Employee / Defective Product
The objective of a firm / organization may get upset / disturbed by the occurrence of such unforeseen events
In recent times RISK MANAGEMENT has gained immense importance in planning, arranging and controlling the activities and resources in order to minimize the impact of unforeseen events.
Ways of handling risk are:
- Avoidance,
- Risk Reduction,
- Risk Retention
- Combination of both,
- Risk Transfer,
- Hedging and Research.
Total RISK MANAGEMENT process involves three main elements i.e.
- In depth study of activities of organization
- Risk Analysis, and
- Substantial funds to implement the same
For any Individual / Business / Industrial organization ( Small / Medium / Big size ) best way of handling or managing the risk is through transfer of risk i.e. Insurance. After analysis and evaluation of hazard involved in the activities of organization and to suit your specific requirement you can transfer risk by selecting proper policy
Vimadalal Insurance & Risk Mgmt Consultant will provide Professional Insurance Services like...
- Understand risk exposures and identify Insurance requirements
- Study of existing Insurance Portfolio for possible improvisation
- Inviting, evaluating quotations, and recommendation of Placement of Business with Ins. Co.
- Correction of policy document issued from Insurance Company
- Monitor action on previously suggested changes and submit reports to the management
- Conduct seminars and other Insurance Awareness Programs
- Timely update for Renewals
- Policy improvisation as and when required
- Inform any relevant changes in the Insurance Industry
Immediate loss intimation to Insurance Company
Assistance in completing the claim form and initial estimate of loss
Getting the survey conducted from the insurance company
Full assistance to client in preparation of documents for the claim settlement
Regular follow-up with the surveyor and insurance company
Claim settlement as per the policy conditions
Scrutiny of the claim calculations
Reinstatement of Sum insured, if required
Completing the post claim settlement documentations (discharge vouchers, Letter of subrogation, etc)
