The Loss Estimate tab on a survey record captures the financial exposure associated with the site — both the estimated loss under different scenarios and the total insured values across asset categories.
To add loss estimate data, open the survey record, go to the Loss Estimate tab, and click Add Loss Estimate.
Loss estimates
Three standard loss scenarios are captured for each survey. Each scenario records a Property value and a Business Interruption value, with a calculated total.
Anticipated Probable Loss (APL)
The loss expected under normal conditions, assuming protection systems perform as intended.
| Field | Description |
|---|
| Property | Anticipated property damage |
| Business Interruption | Anticipated BI loss |
| Total APL | Auto-calculated sum |
Probable Maximum Loss (PML)
The loss expected under a severe but credible scenario, assuming some protection systems fail or are impaired.
| Field | Description |
|---|
| Property | PML property damage |
| Business Interruption | PML business interruption loss |
| Total PML | Auto-calculated sum |
Maximum Foreseeable Loss (MFL)
The loss expected under the worst credible scenario, assuming all protection systems fail.
| Field | Description |
|---|
| Property | MFL property damage |
| Business Interruption | MFL business interruption loss |
| Total MFL | Auto-calculated sum |
Total insured value (TIV)
The TIV section captures the insured value of the site broken down by asset category.
| Category | Description |
|---|
| Building | Insured value of the building structure |
| Machinery & Equipment | Insured value of plant and equipment |
| Stock | Insured value of raw materials, WIP, and finished goods |
| Business Interruption (12 months) | Annual BI coverage limit |
| Other | Any other insured values |
Loss estimate narrative
A free-text field for documenting methodology, assumptions, or commentary on the loss estimates.
Currency is inherited from the client record. TIV values feed into the Total Insured Value shown in the Survey Details panel and the Estimated Loss summary on the Recommendations tab.
