BakerRisk’s Insurance Risk Engineering (IRE) professionals are experts at identifying risks that can cause or contribute to property losses involving property damage and business interruption. By evaluating the risks at operating facilities and presenting those risks and associated risk reduction measures to clientele and the insurance underwriting community, BakerRisk’s globally recognized IRE evaluations provide clients with updated loss estimates, enabling them to secure appropriate coverage and avoid inflated premiums associated with improperly quantified risks. Our proprietary MaxLoss© differentiates us from the competition and has become the industry standard for computing and quantifying financial impacts from VCEs, large-scale fires, and other property damage events.
What we offer
“BakerRisk handles their business with professionalism and demonstrates expertise throughout each and every assignment. Chevron Phillips Chemical Company has benefited and continues to benefit from a long-term partnership with BakerRisk. Their expertise is an essential component in our insurance program.”
Rondy SpardellaInsurance & Claims Manager, Chevron Phillips Chemical Company LP
BakerRisk’s proprietary MaxLoss© software allows users to efficiently and accurately assess potential maximum loss events based on various user-defined potential loss scenarios. Through an intuitive map-based Graphical User Interface, MaxLoss© allows risk professionals to quickly define a variety of loss scenarios, including business interruption impacts, equipment replacement, labor availability, and more. Key features and client advantages include:
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