RISKDETFT

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RISKDETFT.PNG
Name Risk Details Forestry
Shortcut RISKDETFT
Area Policy

See the NOVUS Walkthrough Guide for general information about the system.

For an overview of how risk elements work, please see the risk details page on this wiki.

Risk Details FT

This screen allows risk level data for Forestry business to be added to a risk (or quote).

There are several ways to view these details. Either double click on the risk in the navigation tree window, or search for the risk and click on the policy to open it. On the risk view screen, select the hyperlink edit risk details which will then show the risk details screen.

Alternatively, type RISKDETFT in the NOVUS shortcut box, and select the policy to edit.

Each risk has an address, information and deductibles tab that can be used to store additional information. Risk items can then be added for each item. When a risk item is added, the premium is automatically calculated based on the sums insured, sums insured % and rate %.

If there has been a transaction on the policy, padlocks will be shown on the screen indicating that the policy is locked and changes cannot be made without running the RISKEND program.

Risk details FT will be available on risks (or quotes) which have their Policy Type code mapped to the FT - Forestry Risk Details Type in the CODES program.

RISKDETFT.PNG


Each plantation is entered as an indexed insured name in the top left hand corner of the screen and the address, information and deductibles tabs in the right hand corner of the screen can be used to store additional information against each plantation. Risk items can then be added in the bottom part of the screen for each plantation. When a risk item is added, the premium is automatically calculated based on the sums insured, sums insured % and rate %.

If there has been a transaction on the policy, padlocks will be shown on the screen indicating that the policy is locked and changes cannot be made without running the RISKEND program.


Address Tab

RISKDETFT address.PNG

The Address tab allows the entry of address details against each insured interest. The latitude / longitude can be completed, and the Update button will auto populate the address, or the address can be manually populate and the latitude / longitude will auto populate.

The Address tab has the following fields:

Field name Description
Address 1 Free text
Address 2 Free text
Address 3 Free text
City/Town Free text
Zip Code Free text
Country Select from a drop down menu which is a lookup to the country code found on the CODES program
State Select from a drop down menu which is a lookup to the state code found on the CODES program
County Select from a drop down menu which is a lookup to the county code found on the CODES program
Cresta Zone Select from a drop down menu which is a lookup to the country code found on the CRESTA program


Information Main Tab

RISKDETFT Main tab.PNG

The Information Main tab, as shown above, has the following fields:

Field name Description
Planted from Enter the year planted
Planted To Enter the year planted to
Area Unit Select the units used to measure area
Area Select from a drop down menu which displays the area code found in the CODES program
Main Species Enter the name of the main species planted
Agreement name Enter the agreement name
Thinned in 4 yrs Check the box to indicate if plantation has been thinned in 4 years
Fire plan Check the box to indicate if plantation has a fire plan
Total premium This field is automatically calculated based on the risk items assigned to the plantation.
Total SI current This field is automatically calculated based on the risk items assigned to the plantation.


Information Water Tab

RISKDETFT Water tab.PNG

The Information Water tab tab, as shown above allows the water containers to be selected. Water containers (commodities) are selected in a grid with five fields, and any number of rows can be added to the grid. It has the following fields:

Field name Description
Commodity this is a lookup to the CODES program commodity code, but the codes to use for forestry must have the risk details type set to FT to be displayed in the list
Description This is automatically set based on the commodity code selected, but can be overtyped
Capacity This is the capacity for the commodity
Availability Select if this commodity type is available
Number This is the number of this type of commodity


Information Fire Tab

RISKDETFT Fire tab.PNG

The Information Fire tab, as shown above, allows fire information to be stored. The first part of the tab has the following fields which are all free text number fields:

Field name Description
Own teams free text number field
Team size free text number field
Brigade camps free text number field
Camp size free text number field
Distance free text number field


There are two more tabs: notes and claims, one for structures where, for example, fire towers can be recorded, and another for an inventory where fire equipment can be recorded.


Information Fire Structure Tab

RISKDETFT Fire tab.PNG

The Information Fire Structure tab has the following fields, any number of rows can be created:

Field name Description
Structure This is a lookup to the CODES program structure type
Construction This is a lookup to CODES program construction type
Height(m) The height of the structure in metres should be recorded
Manned Daily (MD) This should be checked if the structure is manned daily
Fire Detection (FD) This is a free text field for information about fire detection
Alert System (AS) This should be checked to indicate if the structure has an alert system


Information Fire Inventory Tab

RISKDETFT Fire Inventory tab.PNG

The Information Fire Inventory, as shown above, has the following fields and can be used for recording equipment, any number of rows can be created:

Field name Description
Code This is a lookup to the CODES program inventory type
Description This is a lookup to inventory type description, but can be overtyped
Number This is the number of this type

Deductibles Tab

The deductibles tab allows deductibles to be set against the plantation as below, and these are for reporting purposes only.


RISKDETFT deductibles.PNG

The following fields are on the deductibles tab:

Field name Description
Peril code This is a lookup to the CODES program peril code. For documentation fields to work correctly, WS, TY, OP, FL, EQ must be used for windstorm, terrorism, any other perils, flood and earthquake respectively.
Limit Enter the peril code limit
Amount Enter the deductible amount. This field will be automatically calculated if this field is left blank and the percent is added
Percent Enter the percentage of the limit, and the amount will automatically be calculated if the amount field is blank
Basis Select the CODES program basis (ER3001) codes
Description Description of code

Risk Items

RISKDETFT risk items.PNG


For each insured interest, risk items can be entered. The fields available for each risk item are:

Field name Description
Risk Item Code This is a lookup to the CODES program risk items code. If risk item codes are not setup for the section group used on the policy, a warning message will appear when the risk details screen is opened
Section Type This is automatically populated based on the information in the CODES program for the risk item code selected
Insured From This is automatically populated based on the section from date, although the date can be overtyped
Insured To This is automatically populated based on the section from date, although the date can be overtyped
Sums Insured % Enter the sums insured percentage for this line item
Declared Value Enter the declared value for this line item
Rate % Enter the rateable value of the insured interest
Sums Insured Enter the value for this line item
Premium The premium of the insured interest is automatically calculated based on the value and rate (if the Auto button is in view, or can be entered manually if the Manual button is in view
Excess Enter the excess applicable to the insured interest


Import Schedule

The import schedule functionality is not available yet for this Risk Details Type so the import button is greyed out. Please discuss any requirement for an import schedule for this Risk Details Type with Morning Data.

Risk Item Import

Risk items can be imported against individual insureds. See the risk item import page on this wiki for more details.

Controls

Delete All will delete all plantations and their associated risk items. To delete a single plantation and its associated risk items, click on the line to be deleted to highlight, then use Ctrl + Del. Remaining plantations will retain their original index number.

The import schedule functionality is not available yet for this Risk Details Type so the import button is greyed out. Please discuss any requirement for an import schedule for this Risk Details Type with Morning Data.

View on Map button will invoke the RISKMAP to display the locations on the risk (or quote) on a map.

On the Address tab, the Update button enables the user to enter or amend a latitude / longitude and update the address.

Clicking the Adjust Premium button will open the claims history and premium breakdown window.

Risk item import is used to import risk items against individual plantations.

Delete Risk Item: To delete a risk item, select a row using the indicator column, and press this button.

MTA (mid-term adjustment) will off insure the selected risk item row and create a new line.

If the Auto button is displayed then the premium is automatically calculated based on the sums insured, sums insured % and rate %. If automatic calculation is not required, click Auto and change to Manual.

Cancel will remove any changes made since opening the risk details, so that the original risk details are preserved.

Save will save any changes that have been made in risk details.


Version History

v4.2.0 – Updated to latest version