RISK MANAGEMENT
Risk Management for all businesses is an integral and ongoing process. The basic idea of “managing risk” is the proper identification of ALL exposure to loss and primarily those exposures that may not be covered by an insurance product. The following components are instrumental for a successful risk management program.
- Claims Analysis and 5 year Loss Profile
- Review/Develop Formal Safety Program
- Review/ Recommend Risk Transference Controls
- Review All Contracts (Subcontractor /General Contractor/OCIP/CCIP Agreements)
- Pre-Loss and Post-Risk Control
Review/Analysis along with profile of claims will help identify frequency and severity patterns. Based the analysis results, alternative options are presented that make sense for your operation to minimize exposure.
Risk handling enables us to determine the most appropriate methods to remedy repeated exposure to loss combined with risk financing methods of insurance and/or non-insurance transfers.
This process empowers business owners to actively manage exposure to risk along with creating a culture of “Safety First” within the work environment. The employer’s participation in loss prevention is rewarded by reduced insurance costs.
As a result of the rapidly changing business world, we monitor your program at scheduled intervals. We continually work to help our client’s keep up to date programs. Your business interest is our priority.
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