Comments on: The link between fixed asset management and insurance premiums http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/ Transforming Assets into Business Advantage Wed, 20 Aug 2008 03:13:21 +0000 http://wordpress.org/?v=2.5.1 By: Anna P. http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/#comment-12 Anna P. Thu, 14 Feb 2008 17:14:19 +0000 http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/#comment-12 My organization first went through the exercise of updating the asset register a few years back. We were certainly over insured at the time. It's not just a one time thing though; we are now in the habit of updating the asset register on a regular basis when any event relating to our fixed asset base occurs. My organization first went through the exercise of updating the asset register a few years back. We were certainly over insured at the time. It’s not just a one time thing though; we are now in the habit of updating the asset register on a regular basis when any event relating to our fixed asset base occurs.

]]> By: karenc http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/#comment-5 karenc Fri, 08 Feb 2008 09:42:20 +0000 http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/#comment-5 Hi Nick. An accurate asset register usually ensures that companies don’t under-insure or over-insure their fixed assets. If you’re over-insured, your insurance premium is higher than it needs to be because you’re insuring more than the actual value of your assets. If you’re under-insured, you run the risk of a financial loss in the event that your company has to place an insurance claim. Either way, this is how companies can end up saving a significant amount of cash as a result of proper fixed asset management. Yes, we have a document with some sample client data that you may find useful. Certain audits have shown that missing assets, not reflected on the asset register, represent as much as 10-20% of a company's asset base! <a href="http://www.realassetmgt.com/misc/Track4000_Tax%20Savings.pdf" rel="nofollow">See the document attached here for ROI details.</a> <a href="http://www.realassetmgt.com/rsd/press/research_articles/counting_the_costs.htm" rel="nofollow">Click here</a> to view a Research Article on this topic titled Counting the Costs. Hi Nick. An accurate asset register usually ensures that companies don’t under-insure or over-insure their fixed assets. If you’re over-insured, your insurance premium is higher than it needs to be because you’re insuring more than the actual value of your assets. If you’re under-insured, you run the risk of a financial loss in the event that your company has to place an insurance claim. Either way, this is how companies can end up saving a significant amount of cash as a result of proper fixed asset management.

Yes, we have a document with some sample client data that you may find useful. Certain audits have shown that missing assets, not reflected on the asset register, represent as much as 10-20% of a company’s asset base! See the document attached here for ROI details.

Click here to view a Research Article on this topic titled Counting the Costs.

]]> By: Nick J Goodhew http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/#comment-4 Nick J Goodhew Thu, 07 Feb 2008 04:54:30 +0000 http://blog.realassetmgt.com/103/the-link-between-fixed-asset-management-and-insurance-premiums/#comment-4 Hi, I'm the Finance Director of a large organization, What kind of savings can I expect to make? Do you have an ROI document that I can review? Are there any white papers published on this topic? Many thanks, Nick. Hi, I’m the Finance Director of a large organization, What kind of savings can I expect to make? Do you have an ROI document that I can review? Are there any white papers published on this topic? Many thanks, Nick.

]]>