Certain components comprise the Property Insurance premium. The sensitivity of those components to changes in the risk are analyzed considering the insurance market. The cyclic nature of the insurance market can also impact a Property Insurance program in other, less tangible, ways. Tangible premium charges and other intangible costs of risk which are dependent upon Loss Prevention expenditures are broadly quantified. Those factors which can be useful in determining the cost effectiveness of loss prevention expenditures are discussed in detail.