Our risk management services are provided to all our clients and will enable your business to operate more efficiently and securely. We always seek to minimize your risk of financial loss, obtain optimal insurance protection for your company, and secure premium rates.
- Determine risks of financial loss from all properties and operations.
- Prepare specifications of your needs; obtain and analyze insurance requirements; submit recommendations to management.
- Tailor insurance coverage to specific risks and exposures; conduct negotiations with insurance companies to effect policy language changes during purchase or renewal of insurance.
- Audit insurance policies, endorsements and invoices to verify rates and premiums
for existing policies for errors and omissions overages and other deficiencies.
- Aid in selecting and training an in-house: “Insurance Manager” to direct
insurance operations.
- Monitor your insurance program on an ordinary basis.
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Review with management cost-savings alternatives to insurance on an ongoing
basis. Some of these alternatives are:
- Assuming minor losses through use of deductibles at self insurance. We assist in supervising self-insurance plans. We also recommend loss prevention claims investigation and adjustment.
- Transferring risks to non-insurers through lease, construction, maintenance and other contracts.
- Design and implement a Certificate of Insurance program to monitor insurance provided by third parties.
- Review contracts that affect the assumption and transfer of risks. We analyze obligations and guide staff activities to assure compliance with these provisions.
- Assist in evaluating the risks associated with new mergers and acquisitions.