An insurance policy is typically not designed for any one industry, let alone any business. Many policies require the base wording to be tailored by endorsement to meet the needs of the insured business.

Drafting an endorsement requires skill and training to ensure that the intention of the parties prevails. LMI Group has experts in all classes of General Insurance who can select or draft the endorsement or endorsements necessary.

Let us take just one policy, the Industrial Special Risks ("ISR") as an example. On the one hand, there are over 200 differences between the four 'standard' industry versions of the ISR policy. On the other hand, there are more than 500 endorsements available to tailor the 'standard' policy to meet the needs and risk appetite of the Insured. Many of these endorsements have been drafted by one of LMI Group's experts.

LMI Group literally wrote the book on the ISR policy, publishing a 3-volume comprehensive guide. Using the knowledge gained from this in-depth study of the ISR policy, an insurance broker, adviser, insurer or Insured is able to engage one of our experts to review the Policy Schedule, policy wording and endorsements, either for a stand alone client or an industry scheme.

The ISR is only one policy type that LMI Group are experts in. Other classes include: property; business interruption; casualty; domestic; strata; motor; specialty classes; and marine.

It is estimated that over 25% of ISR and business packs issued in Australia have either been drafted or reviewed by LMI Group.

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