World Power Insurance Consultants Limited
Your Trusted Insurance Ally in the Construction Industry
Introduction
Shaping the Future of Construction Insurance
World Power Insurance Consultants Limited (“WPICL”)
was initially established under the name of Claimslink Strategies Limited (“CSL”), which provides expert services to clients on matters in respect to insurance and contractual claims for construction projects. Due to the nature of the construction business, CSL receives numerous requests from clients to arrange related insurance for their projects. Thus WPICL was later formed and became an insurance brokerage firm, offering programs for all types of insurance for corporations and construction companies. WPICL’s clientele incdude property developers, contractors, government bodies and project financiers, Our range of services has enabled us to strengthen our market positioning, and this has benefited our clients when we negotiate insurance programs and claims on their behalf
What we do
Our Services
Key Personnel
The senior management of WPICL is composed of a group of professional consultants who are chartered engineers, chartered quantity surveyors, loss adjusters and professional underwriters.
Specialist in Commercial Line
We provide specialist service to a niche market, including the construction industry, plant leasing companies and large commercial corporations.
Service Rendering
We offer consultation services tailored to your specific needs. Our extensive expertise in specific industries ensure quality and comprehensive services, to ensure that you get the most out of your insurance program
Insurance Policy Administration
We will assign an executive to handle all your enquires. Our one-call service ensures efficiency and convenience.
After-sales Services
Our expert staff will fully guide you through all your insurance claims and matters, ensuring that you obtain the best settlement possible.
Insurance Claim Program
Many policyholders are often not fully aware of the options available in their insurance policies. Through our sister company, CSL, we are able to provide comprehensive consultation on all insurance matters.
Preparation of Insurance Policies
Tailored Coverage: The Process of Preparing Insurance Policies
The preparation of insurance policies is a critical process that involves the careful evaluation of risks, the identification of client needs, and the design of a customized insurance plan. This process ensures that an insurance policy provides comprehensive coverage and protection for the insured party, while also taking into account their unique requirements and risk exposure.
- Review and update the status of your existing insurance policy.
- Investigate your specific insurance requirements. Draft the basic requirements of an insurance program that meets your specific needs.
- Draft the basic requirements of an insurance program that meets your specific needs.
- Carry out market research.
- Assist insurers and re-insurers in their assessment of risks.
- Obtain quotations from various insurance companies.
- Analyse the terms and conditions offered by various insurance companies.
- Recommend a strategy which best suits your specific needs
- Finalise arrangements for your insurance policies.
- Arrange the issue of the insurance policy.
Administration of Insurance Policies
Streamlined Solutions: The Art of Insurance Policy Administration
The administration of insurance policies is a vital aspect of the insurance process that ensures the efficient management, maintenance, and execution of the insurance contract. Effective policy administration involves a range of tasks and responsibilities, including policy issuance, premium collection, coverage adjustments, and claims handling. By streamlining and optimizing these processes, insurance professionals can enhance the overall insurance experience for their clients.
- Conduct seminars to explain the various aspects of an insurance policy.
- Carry out periodic review of insurance policies during the policy period.
- Review contract for new projects
- Negotiate with insurers about adequate coverage in accordance with contractual requirements.
- Provide comprehensive advice on coverage from the various insurance policies available in the market.
- Negotiate with insurers about adequate coverage in accordance with contractual requirements.
- Assist the insured with claim processing, declaration and settlement during the policy period.
Finding the best of you
Laying the Foundation for Success: Finding the Best of You in Construction Insurance
To understand better the service we can provide to you,
we would be delighted to prepare a tailor-made comprehensive insurance program which corresponds to your specific needs. Our aim is to aid you in getting the best insurance possible to meet your requirements.
WPICL can also offer overall insurance management during the policy period. We provide a detailed report on all insurance claims and settlements for your records once the insurance policy ends. This report will allow you to review and assess the causes of past incidents, which would aid the development and implementation of preventaive measures.
Our extensive expertise and experience have provided us with insight to negotiating the best terms to meet your insurance needs.
