What is a Managed Services Agreement (MSA)?
A Managed Services Agreement (MSA) is a contractual arrangement between a property owner, property manager, stakeholders, boards, governing entity and Mission Property Loss Consultants (Mission PLC) that outlines the scope of services, responsibilities, and expectations for ongoing risk management,
Managed Services Agreement (MSA)
At Mission Property Loss Consultants (MPLC), we understand that protecting your property investment requires proactive planning and expert guidance. Our Managed Services Agreement (MSA) provides comprehensive support before, during, and after an insurance claim event, ensuring a smooth claims process and your recovery.
Key Services Included in Our MSA
- Comprehensive property inspections; active models and static images
- Photographic and video documentation of structures and assets
- Inventory of high-value items and materials
- Insurance policy review to identify coverage gaps
- Digital twins with real-time condition building analytics
- Intelligent twins with artificial intelligence engagement
- Immediate site inspections and damage assessments
- Detailed reports with photographic and video evidence
- Precise repair estimates and scope of loss preparation
- Claim management and documentation submission
- Policy compliance
- Referrals to potential vendors
- Verification and documentation of completed repairs
- Compliance review with insurance company requirements
- Validation of claim settlement accuracy
- Final risk assessment and future claim preparedness
- Finalization on claim finances
Advanced Property Inspections with Maintenance Insights
Our inspections leverage advanced technology that detects structural changes. This creates a precise record of your property’s condition, essential for smooth claims processing. Additionally, we document potential maintenance needs, helping your property management team save time and reduce costs by addressing issues proactively. Keeping your property resilient ready.
- In-depth analysis of policy terms, conditions, and exclusions
- Identification of coverage gaps and strategic recommendations
- Review of endorsements, deductibles, and co-insurance clauses
- Risk assessment for potential claims scenarios
- Prior claim history evaluation (if applicable)
- Potential premium relief on insured property
Policy Reviews to Prevent Coverage Gaps
Our team conducts detailed reviews of your insurance policies, identifying potential gaps and ensuring your coverage is both comprehensive and aligned with your needs. By addressing these gaps proactively, we help prevent costly surprises in the event of a claim. We provide expert advice on coverage options tailored to your unique risks. This ensures your insurance policies effectively mitigate potential vulnerabilities, optimizing protection and coverage.
- Comprehensive risk assessment and mitigation planning
- Real-time monitoring of environmental and structural conditions
- Consultation of preventative maintenance strategies
- Emergency response planning and disaster preparedness
- Data analytics for risk identification and forecasting
Risk Management Implementation Effective risk management for a property enhances protection by identifying vulnerabilities through comprehensive risk assessments and mitigation planning. With real-time monitoring of environmental and structural conditions, proactive maintenance, and emergency response strategies, property owners can minimize damage, reduce repair costs, and ensure business continuity. Additionally, insurance compliance and data analytics help align policies, forecast risks, and optimize long-term asset resilience.
- Quick response to storms, hurricanes, hail, and other extreme conditions helps prevent or reduce damage.
- Timely action can prevent minor weather-related issues from escalating into major structural problems.
- Immediate documentation of weather-related events speeds up the claims process and ensures accurate reporting.
- Data-driven insights help schedule necessary inspections and repairs before seasonal weather shifts.
- Ensure the well-being of employees, residents or guests by preparing for extreme weather events.
- Helps ensure you meet insurance policy requirements and optimize coverage benefits.
- Knowing your property is being monitored and notification of weather related impacts and risk allows you to focus on other priorities.
Weather Impact Monitoring provides real insights to protect assets, minimize financial risk, and ensure business continuity. Immediate documentation streamlines claim compliance, and coverage while helping prevent damage, ensure accurate reporting, and enhance safety. Stay ahead of extreme weather, safeguard operations, and focus on strategic growth with confidence.
Why Choose an MSA with MPLC?
- Proactive Risk Management - Minimize financial risk and increase property resiliency.
- Accurate & Defensible Claims - Strong documentation supports fair settlements.
- Faster Claim Resolution - Streamlined processes expedite recovery.
- Optimize Policy Benefits - Policy reviews ensure optimal coverage.
- Expert Claim Management & Advocacy - We represent only your best interests in claim negotiations. Taking back control of your property claims.
- Cost Savings & Compliance - Reduce out-of-pocket expenses and liability risks. Potential cost reduction up to 25% for operations and maintenance.
- Increased ROI and value - Compared to competitors, we provide more white glove services with a higher ROI.
Protect Your Assets with a Managed Services Agreement
Ensure peace of mind and claim efficiency with Mission PLC’s expert services. Contact us today to discuss your MSA and take control of your property loss protection.
