How is risk measured of risk for PES?
PES covers damage to buildings and contents, and business interruption claims. The value of the buildings and contents covered give a good measure of the exposure to property damage claims with the income giving a good indication of the exposure to business interruption claims. Therefore, the contribution depends on the following three risk factors: · Buildings value; · Contents value; and · Total income. Again, the weightings applied to each of these risk factors are reviewed each year, although they are kept as stable as possible over time.