Trusted Estimated Maximum Loss Service

Trusted Estimated Maximum Loss (TEML) Service

Reliable risk review process to help safeguard against catastrophic loss.

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Overview

The TEML service provided by the Zurich Resilience Solutions (ZRS) team is a vital risk-review process designed to enhance the protections of large-scale or complex construction projects against catastrophic loss.

We deliver our customers an objective, technical, and data-forward analysis of the risk and loss scenarios associated with their specific build. To better ensure accuracy and value of the review, multiple experienced, industry-focused Risk Engineers review the project details, limiting redundancies and discrepancies.

Understanding the risks and potential losses of any construction project is necessary to help control costs and optimize protections. Our assessors utilize numerous data points and risk factors in creating the report, including fire, collapse, flood, wildfire, earthquake, susceptibility to extreme weather events, and more.

To mitigate potential losses, construction organizations and their contractors should understand all the risks associated with the projects they are undertaking and obtain valuable insurance coverage before moving forward with groundbreaking.

Key Benefits of a ZRS TEML Analysis​

  • Builders Risk Exposure Analysis​

    Gaining a deep understanding of the specific risks inherent to a project or building during the construction term.

  • Natural Catastrophe Analysis​

    Utilizing industry-accepted resources to determine how primary and secondary natural catastrophe perils may impact.

  • Determination of Limits and Loss Limits​

    Technical insights to help customers make informed coverage-purchasing decisions.

  • Holistic Risk Assessments

    Information to assist in developing comprehensive risk-transfer programs.

  • Expedited Carrier Review and Assessment​

    A comprehensive assessment to help expedite the review or eliminate the need for each participant to perform its own engineering review.

  • Single Consistent Review​

    An unbiased report that can be shared among key project stakeholders.

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While other providers may also perform maximum loss scenario assessments, Zurich’s TEML reports differ in that the analysis is subjected to a second level of rigorous peer review by Zurich’s Construction Risk Engineering experts. This additional, intensive review ensures a consensus that the maximum loss scenario is as accurate as possible. The risks and maximum loss scenarios during construction are often quite different than the loss scenarios after the project is completed and the property is operational. Zurich’s Risk Engineers understand construction and the unique risks, hazards and vulnerabilities present during each construction phase.
A Zurich TEML risk assessment provides immense value for large projects as well as those with unique exposures. Our team of risk engineers will assess risks for projects related to infrastructure, energy, residential, and manufacturing, both for linear and multi-phase projects, as well as those on a compressed or fast track schedule. If your build includes emerging or prototypical technology or long-span, cantilevered or unique roof structures, we have the knowledge and experience to assist. Whether your unique exposure includes testing and commissioning, serial loss exposure or related concerns, stringent lender requirements or CAT-exposed locations, the ZRS team is prepared to measure the associated risks.
Upon completing the TEML review, your company will receive a thorough, unbiased analysis of the project's construction risks and an estimate of the worst-case loss scenario. Our review is rich in data points. We provide a comprehensive project description, including a review of site plans, renderings and available drawings. Our risk engineers also evaluate the qualifications and experience of project owners, contractors and designers. Moreover, we conduct a detailed construction schedule analysis, assessing procedures and potential risks including crane hoisting, material handling, structural collapse, public fire protection, water supplies, adjacent exposures, and vehicular impact. In addition to on-site risks, our team reviews geotechnical hazards and conducts a natural catastrophe review covering earthquakes, floods, named storms and convective storms (e.g., tornados, hail, lightning, wind). We round out the review with a controlling EML scenario and calculation, an overall risk rating, and other pertinent insights as requested and applicable.
A Zurich TEML report will take approximately 30-45 days from the receipt of a complete submission and executed service contract.

Real-World Experience and Technical Expertise

  • Over 93% of Zurich U.S. Construction customers would recommend Zurich Resilience Solutions Construction Risk Engineering.​

  • 26 years of combined experience on average in the construction and insurance industry​

  • 75+ Risk Engineers in the U.S. dedicated to the construction industry​

  • 500+ customer and project risk assessments completed annually by Zurich Resilience ​Services’ Construction Risk Engineers​

Supporting Downloads

This solution is available in the United States but may not be available in other jurisdictions. For solution needs outside the United States, contact Zurich to be connected with a Zurich Resilience Solutions representative where available.