Insurance audit
Know what is missing,
what is surplus
and what you overpay.
We review the policies of your business and your family's assets one by one. You get a written report, free of charge and with no obligation to switch.
- Free of charge
- No obligation to switch
- Written report
- With the priority plan
- Confidential
- Between you and us only
01 · Method
What we look at in every policy
01Sums insured
We compare the sum insured in each policy with today's real value: buildings, contents, machinery, stock and business interruption.
Why it mattersIf the declared sum insured is lower than the real value, the insurer can apply the average clause and pay only in that same proportion.
02Exclusions and small print
We read the specific and general conditions of every contract and point out what is left out.
Why it mattersThe costliest exclusions are usually water damage from old pipework, lack of maintenance and electrical damage.
03Excesses
We review how much you carry in each claim, cover by cover, and whether that figure fits your size and your claims record.
Why it mattersA high excess on cover you never use saves premium. The same excess on the cover you do use costs you money.
04Duplicated and overlapping cover
We cross-check every policy against the others to find the same cover taken out twice in different contracts.
Why it mattersWith two policies on the same risk you must tell the insurers; they pay pro rata, not twice.
05Renewal dates and renewals
We put every date into a single calendar and set how far ahead each policy has to be dealt with.
Why it mattersThe policyholder can refuse renewal by giving one month's notice before the renewal date. Without that margin, the policy renews on its own.
06Price against the market
With the risk in order, we request terms from the leading insurers in the Spanish and international markets.
Why it mattersComparing before the risk is in order only swaps a poor policy for a cheaper one that is just as poor.
02 · Scope
Company and family, in a single report
Business
- Property cover for shop, warehouse or office, with business interruption
- Public, employers', product and completed-works liability
- Directors' and officers' liability
- Cyber risk, business continuity and data protection
- Trade credit, surety, guarantees and fleets
- Group health, collective agreement and staff accident cover
Family assets
- Main home, second home and rented properties
- Jewellery, art, collections and items of special value
- Boats, high-value cars and classics
- Life, savings, unit-linked plans and succession planning
- Family liability and private health cover
- Insurance linked to asset-holding companies and rented property
03 · Deliverable
The report
- 01An overall picture of every policy
- 02Uninsured risks, with the cost of covering them
- 03What you are overpaying
- 04A plan by priority, with dates
| Policy | Position | Comment |
|---|---|---|
| Industrial property | Buildings €1,200,000 | Estimated value €1,850,000 |
| Public liability | Limit €600,000 | The lease requires €1,000,000 |
| D&O directors | Without a policy | Three directors exposed |
| Collective agreement accident cover | Sum insured correct | Cover in line with the agreement |
| Fleet, 7 vehicles | Four separate policies | Group into a fleet and align renewal dates |
| Cyber | Without a policy | Online sales with no cover |
An illustrative example. The figures do not correspond to any client.
- 01Meeting and collectionOne hour with you. We collect policies and premium notices.
- 02Technical analysisEvery contract, cover by cover, against the real risk.
- 03Market enquiryTerms from the insurers active in each class.
- 04Report and planWe take you through it point by point and you decide.
04 · Before you start
Do you need an audit?
05 · Questions
Frequently asked questions
How much does the audit cost?
Nothing. Coyfer is an insurance broker and is paid by the insurers, not by the client. The audit and the report are free and commit you to nothing.
Do I have to change insurer?
No. Often the recommendation is to keep the policy and correct sums insured, guarantees or excesses. If switching is worth it, we show you the figures.
What do you need from me?
Your current policies and the latest premium notice for each one. If any is missing, we request it from the insurer with your authorisation.
Do you review family assets too?
Yes. Company and family share risks and are best looked at together: homes, jewellery, boats, life cover, succession and asset-holding companies.
Let us begin
Bring us your policies.
Capital sitting idle gets reviewed too: investment and insured savings.
Coyfer is an insurance broker registered with the Spanish Directorate-General for Insurance and Pension Funds.