General Liability IQRM

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What is IQRM?

The IQRM (Intelligence Quotient for Risk Management) is the first step to identifying the risks that most greatly affect your business.

Why IQRM?

With this integral piece of The Insurance Market’s Armour 360® process, we will ensure you receive a comprehensive program that maximizes your insurance investment.

How IQRM works?

We will work together to analyze the effectiveness of managing risks, develop strategies to protect your assets, and improve your risk profile. Additionally reducing your insurance costs, monitoring, and fine-tuning risk management programs as your business evolves.

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1. How effective is senior management at assessing the degree to which your organization is prone to lawsuits and the nature of the lawsuits?(Required)
2. To what extent does your organization have quality control procedures or similar safety requirements in place?(Required)
3. How would you rate your organization’s familiarity with average costs of litigation in your community?(Required)
4. How well does your organization maintain a record of prior claims against it and/or records of any recall of products or similar risks?(Required)
5. To what degree has a person been identified to assist your agent or broker in responding accurately to the insurance underwriters or auditors?(Required)
6. To what extent has your organization conferred with your agent or broker to confirm the accuracy of the general liability class code(s)?(Required)
7. To what degree are decision makers within the organization familiar with exclusions in the insurance contracts and, if necessary, are seeking coverage for excluded risks where coverage is needed?(Required)
8. How would your rank your organization at assigning a person to maintain all insurance policies, including policies from prior policy periods?(Required)
9. To what degree is your organization aware of whether prior policies were occurrence or claims made policies?(Required)
10. To what extent does your organization have a policy in place to obtain prior acts or run-off coverage in order to fill gaps if change of insurers or change in type of coverage occurs?(Required)
11. To what degree does your organization have a policy to address when claims are made against the company?(Required)
12. To what extent does your organization have procedures in place to retain records and material related to claims, including security footage, photographs, emails, etc.?(Required)
13. How would you rate your organization at identifying a person to maintain these claims records and keep them organized?(Required)
14. How aware is your organization of potential trigger of coverage theories to determine the policy periods that might be triggered?(Required)
15. How effective is your organization at identifying a person familiar with the historical and current policies to provide insurance to all potentially implicated insurance policies?(Required)
16. How would you rate your organization at identifying a person as the contact person to assist and promptly respond to an insurance company investigation?(Required)
17. To what extent is your organization familiar with the policy language and the local laws regarding selection of defense counsel?(Required)
18. To what degree is your organization familiar with whether punitive damages are covered under the policy or the law?(Required)
19. How would you gauge your organization at arranging a team of experts, either internally or outside, to serve as resources in liability occurrences?(Required)
20. How would you rate your organization at arranging a team of experts, either internally or outside, to serve as resources in providing legal recommendations?(Required)
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Phone 302.875.7591 Fax 302.875.7541
310 N. Central Ave. Laurel, DE 19956

Phone 443.944.9682 Fax 443.944.9683
109 Poplar Hill Ave. Salisbury, MD 21801

Phone 302.875.7591 Fax 302.491.4862
105 NE Front St. Milford, DE 19963
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