Risk Management - Eliminate, Prevent and Mitigate
professionals provide risk management services to all types of businesses.
What is Risk Management? There are many ways to express it, however,
simply put it is the practice of protecting your organization from financial
harm by identifying, analyzing and controlling risk at the lowest possible
cost. Our services always begin with risk identification and a carefully thought
out strategy for eliminating risk as much as possible. Some risks are
very challenging to eliminate or altogether impossible; and require an
aggressive prevention strategy backed by a well managed mitigation program.
Insurexchange professionals will create such a strategy and program, leading to
lower claim costs and insurance premiums.
We work seamlessly with your
finance, legal, real estate, construction, risk management and human
resources staff. We deliver solutions which are integrated into
the core of your business and can be designed to be transparent. While safety always needs
to be top of mind with your management; implementation needs to take place
at the foundation of your business. That begins with an employee training
program that includes safety awareness based upon the perils that drive your
business. When our risk management foundation is laid in place
your employees will not be able to extract the safety measures implemented
because they will be ubiquitous and seamless throughout your operating practices.
Insurexchange delivers solid
risk management advice including a clear crisis management strategy.
Managing a crisis can be expensive and is often embarrassing for a
corporation. A crisis can range from food-borne illness at a
food preparation business, violent acts such as a shooting, libel and
slander in the media, etc...Preparing a clear communication strategy for
both the public and your employees is paramount to your success.
We can conduct a comprehensive analysis of your entire claims management
process and procedures; including internal reserving practices set by your financial team; review all
service provider agreements and measure the benefits against cost; standard by your
medical cost containment program; recommend settlement
ranges, denials, case reserving and benchmarking to industry standards. A
interact with your adjusters and defense counsel. Expenses can be kept down by always understanding your business and making
sure that once a claim occurs the facts are documented immediately so that
claims can be closed quickly without expensive litigation.
We can help design safety incentive programs as well as these are an effective tool in accident prevention. At the same time, an incentive
program is not a replacement for a well written and communicated risk and
Risk Management Surveys and Audits
Reports to Management
Cash Flow Analysis
Premium and loss allocation, by corporate, division, location, etc.
Insurance Audit and Policy Analysis
Certificate of Insurance Management
Contractual Liability Analysis (non-legal) - real estate, vendors,
Design and Supervise Risk Management and Insurance Program
Third Party Administration Evaluations
Monitor Worker's Compensation Experience Modifier
Monitoring of Insurance Market conditions
Self-Insurance Feasibility Studies
Retention and Self-Insurance Funding Advice
Captive, Pooled Risk and Group Purchase Feasibility Studies
Litigation Support Services (non-legal)
Review of Pre-design and Construction
CAT Event Planning
Negotiate Surety and Guarantee Lines