Insurance
Coverage Gap Analysis
The space between what you’re exposed to and what you’ve insured.
Gap analysis is the join between exposure and cover. Every exposure gets mapped to the policy that would respond to it, and the ones with no answer, a limit that’s too small, or an exclusion sitting over the top get put in front of you explicitly.
Not every gap needs closing. Some are cheaper to carry yourself. The point is that you decide that on purpose, instead of finding out in the middle of a claim.
What you get
Every risk traced
Each exposure matched to the cover that would actually respond.
Three different problems
Uninsured, underinsured and excluded treated as the separate issues they are.
Priced up
What it costs to close each gap, so carrying it yourself is a real comparison.
Decisions recorded
Whatever you choose not to insure gets written down as a decision.
Coverage Gap Analysis
Let's talk about coverage gap analysis.
Mapping your exposures against the cover you hold to find what’s uninsured, underinsured or excluded, then deciding on purpose what to do about each one.