Reviewed by Apex Insurance Brokers · Last reviewed 2026-06-22
~1 min read
Reviewed by Apex Insurance Brokers · Last reviewed 2026-06-22
Category: Pricing & rating · Reviewed by Simon Temme, Account Executive · Last reviewed
Estimated maximum loss (EML) is the largest loss expected at a single risk under normal operating conditions, assuming that loss-mitigation systems function as designed. It is typically the smallest of the EML / PML / MFL family.
Worked example
Same warehouse as the MFL article:
EML (sprinklers, compartmentation and detection function as designed): ~£15m.
A single fire is brought under control in one compartment with sprinkler operation. BI period limited to repair time.
Use
Day-to-day underwriting basis for capacity.
Treaty pricing and accumulation control.
Property surveyor risk assessment and risk-improvement reporting.
Our service promise. We acknowledge every quote request the same working day. For straightforward risks, indicative terms typically follow within five working days. Complex risks — higher-risk buildings, cladding, mid-term proposals requiring fresh underwriting — may take longer; we’ll send you a progress note by the end of the fifth working day in those cases.