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Guide to Insurance Consulting for Inspection and Investigation

Insurance inspection companies implement smart solutions for businesses facing risk management and insurance challenges


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With vast resources, insurance inspection consultants offer experience, knowledge and skills to provide effective risk management and insurance solutions for your business.

Insurance inspection consulting firms assess and design programs to meet each client's specific risk management and insurance goals. An insurance investigator audits risk management programs and insurance policies, and recommends modifications or additional coverage to minimize business risk. Professionals who specialize in insurance consulting for inspection and investigation make important recommendations regarding protection afforded, adequacy of limits and cost competitiveness to help businesses prevent future loss.

Before beginning your search for independent insurance inspectors, it is important to define your consulting needs. Clearly identify the goal of your insurance investigation services, including project scope, time frame and budget. This information will help you select the best insurance business inspections consultant to meet your specific needs.

When selecting insurance investigation consulting companies, research each firm and evaluate the following:

1. What kind of experience do the insurance investigation consultants offer to minimize your business risk?

2. What services do the insurance inspection consulting companies provide to protect your business now and in the future?

3. How much should your business invest in insurance consulting for inspection and investigation?



Action Steps
The best contacts and resources to help you get it done

Hire insurance inspection companies that specialize in risk management for your industry


Select insurance inspection consultants who have extensive experience in risk assessment and insurance for your business or industry. Ask to see a list of past and present clients, and request references.

I recommend: Risk Consulting Group provides an online client list sorted by industry. McNeary, Inc. offers specialized services for business, government, health care and not-for-profit industries. Siver Insurance Consultants focuses on insurance consulting services for corporate and government clients.

Choose insurance inspections firms with proven insurance consulting skills


Review the insurance inspection service offerings provided by each consulting firm. Evaluate the insurance investigation consulting firm's ability to survey your current insurance program, determine if optimum deductibles are being applied and assess outside services. Request successful project examples of the specific skill sets you need.

I recommend: ICA Risk Management Consultants provides a comprehensive menu of services, including executive insurance reviews, disaster contingency planning and insurance program design and management. In addition to risk control services, F. A. Richard & Associates, Inc. offers program insurance services. International Adjusters, Ltd. features a vast array of risk management services like complete claims administration and policy review.

Select an insurance inspection consulting firm that meets your budget


Many insurance investigation consultants utilize an hourly fee structure for short-term projects. Several operate on a retainer with a minimum time commitment. Your investigative services for insurance companies cost will depend upon the scope of your project.

I recommend: Get a quote for services at Research Specialists, Inc. Alexander & Schmidt offers hourly, flat fee or agreed upon pricing, depending upon each client's billing needs.

Tips & Tactics
Helpful advice for making the most of this Guide

  • For optimal risk management protection, request that your insurance inspection consulting firm diversify your business insurance coverage among several insurance companies.

The official source of Insurance Consulting for Inspection and Investigation is
the Insurance Consulting for Inspection and Investigation page at Business.com

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