Risk Management

Our work does not end after we place your coverage. We take great pride in our ability to effectively manage your risks and claims. We understand every client is unique and therefore we formulate a Risk Management and Claims Management program to fit our clients’ specific needs.

As part of our service, we assist with the following areas of your business:

Enterprise Risk Management (ERM)

Risk management is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization’s capital and earnings.

Enterprise risk management (ERM) expands the process to include not just risks associated with accidental losses, but also financial, strategic, operational, and other risks.

In recent years, external factors have fueled a heightened interest by organizations in ERM. Industry and government regulatory bodies, as well as investors, have begun to scrutinize companies’ risk-management policies and procedures.

In an increasing number of industries, boards of directors are required to review and report on the adequacy of risk-management processes in the organizations they administer.

An organization’s ERM goal will be to strike a balance between risk and value and value creation.  

Without accepting a certain level of risk, there can be no growth.

Every organization’s risk tolerance and risk appetite are different.

Risk Management Philosophy and Methodology

Successfully managing risk for every business is an ongoing, daily, dynamic process which is much more than purchasing a policy or pile of paper once a year, sticking it in a folder, and waiting 12 months to do it again. Running and growing a business requires many talents that include the collaboration of various professional leadership and expertise.

We start with reviewing your current in force commercial insurance program. We can also review your leases, business contracts, loan agreements, and any other agreements that involve insurance, risk management, risk taking, and risk transfer.

Our team is highly skilled at combining traditional analysis, situational logic, common sense reasoning, intelligent invention, together with advanced creative and critical thinking to deliver sophisticated best in class, total cost of risk, business management and operative solutions.

After thoroughly reviewing your current insurance policies, we will share our comprehensive analysis and findings, highlighting coverage gaps, and deficiencies with you.

As your trusted insurance broker and risk management advisors, our goal is to help you reduce, eliminate and transfer as much risk as possible, while minimizing the total annual impact to your budget inclusive of insurance premiums, applicable deductibles, self-insured retentions and self-insured exposures.

From assisting our clients with mitigating their exposures to risk, to finding the broadest and most competitively priced insurance solutions, the collective insurance expertise and resources of our local, regional team is here to serve you today and in perpetuity as you continue to grow and expand your operations.

We look forward to reviewing your current insurance program, and helping you to implement a robust risk management program that is custom tailored to provide more comprehensive insurance protection for the unique challenges and exposures of operating and growing your business operations.

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