Coverage Gap Analysis

A Coverage Gap Analysis is a review and assessment of an insurance program to identify any gaps or deficiencies in coverage that may leave the policyholder exposed to uninsured losses. The analysis typically involves a comparison of the policyholder’s risk profile and coverage needs with the actual policies and limits in place, as well as a consideration of industry benchmarks and best practices. Coverage gap analyses are often performed by insurance brokers or risk management consultants and are used to recommend changes or enhancements to the insurance program.