Providing insurance coverage on elevators and escalators is a little more complicated than typical liability policies. Insurance providers need someone that can audit and determine the risk they will be taking. They do this by relying on specialists in the elevator industry to provide insurance audits.
That is where Liberty Elevator Experts excels – our team works directly with insurers to evaluate and audit properties so that they can effectively assess potential policies. We preform forensic audits on behalf of insurance providers. We perform an extensive review of site conditions, documentation, current conditions, contractor recommendation, and inspector violations to determine a reasonable scope of work and financial impact.
Our investigators have a wealth of knowledge regarding product reliability, contractor reputation, expected reliable life cycles of components, and current market value for replacement.
Contact us today for further information.
An elevator audit assesses the safety, performance, and maintenance of the vertical transportation equipment. An audit is a service pursued by the building insurer to get a snapshot of the condition of the elevator or escalator units and the service it is receiving.
Audits can reflect how the elevator and associated equipment has been serviced and maintained in order to get a better idea of the insurer’s risk. We perform a thorough review of the building’s current elevator maintenance plan and existing service contracts while inspecting and cross-referencing the elevator equipment’s current condition and performance.
We perform insurance audits in a consistent manner that determines elevator** performance and service history from the elevator service provider. Elevator audits usually uncover deferred maintenance and missed services which could indicate that insuring a particular client being a higher risk.
**The word “elevator” used in this instance to reference all vertical transportation including escalators, LULA, dumbwaiters and other types of equipment.