The Houston$$s Furniture Store Ltd$.$ Account is new to your brokerage. In preparing for your insurance quotation to Houston$$s$,$ your office manager suggested that a fact finding, or survey be conducted.

a$)(2$ marks$)$

Identify two $(2)$ advantages to be gained from conducting such a fact finding or survey.

b$)(1$ mark$)$

Insurers who do not have their own inspectors on staff rely on other organizations to inspect certain commercial risks and to recommend rates to be charged. Identify the organization used by most insurers to gather the information needed by them to properly underwrite commercial risks.