A COPE assessment by CCA allows property insurance underwriters, brokers, risk managers, and carriers evaluate the risks associated with property and operations. The assessment is used to determine the impact of such risks on insurance coverage and, in turn, insurance premiums.
CCA works closely with clients to identify, classify, and analyze risks, thus providing reliable data elements for input into valuation models that predict the likelihood of a loss, including losses stemming from hurricanes, earthquakes, floods, and other catastrophes.
The team analyzes building locations, materials of construction, age of construction, and the quality of the systems within the structure to help determine the likelihood that the building or structure will be damaged. Another critical item that is addressed is the buildings use, occupancy, and available emergency response services.
CCA evaluates internal fire protection systems as well as elements that effect the fire protection system in the surrounding areas. Strong water pressure can mean more adequate firefighting, both from in-building sprinklers and fire hydrants. Protection features can also reduce risk to nearby stores, homes, and the general public.
Not only are the primary building and property evaluated, CCA examines the areas surrounding a property, considering flood zone criteria, risk of wildfire area, or other considerations like proximity to facilities that handle bulk flammable materials or petrochemical plants.
To learn more about how CCA can help you manage your risk by performing a COPE Assessment, contact us today.
The materials and information contained on this website have been prepared by CCA, LLC solely for general informational purposes and do not constitute advice. You should not act, or refrain from acting, based upon any information on this website.
The description anywhere on this website of the results of any specific case or transaction does not mean or suggest that similar results can or could be obtained in any other matter. Each matter must be considered to be unique and subject to varying results. Results may vary depending on your particular facts and circumstances and the law applicable to your situation. You should consult an attorney for advice concerning your specific situation.