Risk Assessment
Every facet of your company impacts your risk and exposure to potential claims. Protect your organization and employees by identifying gaps and pitfalls in policies, procedures and performance.
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Analyzing the Cost of Risk
With our comprehensive risk assessments, we can identify the risks that are unique to your business and determine whether your existing policies, procedures, insurance and risk management programs adequately address those risks.
We analyze losses to identify:
- Average incurred costs per loss
- Total incurred trends
- Top loss drivers
- Locations with high frequency issues
- Fraud behaviors
- Reporting lag time
- Frequency vs. security rations
- OSHA-recordable performance
The results of our in-depth assessments will reveal opportunities to approach the critical areas driving your total cost of risk. Our team will isolate the root causes of these problematic areas and work with you to implement control measures to prevent claims.
We go beyond the basics
We offer the following assessments and audits:
- Insurance Program and Design Review
- Benchmarking – Reports & Analysis
- Contractual Review
- Cyber Assessment
- Risk Retention Assessment
- Employment Practices Assessment
- Business Continuity & Disaster Recovery
- Market Condition Report
- Fleet (non-DOT) Program Assessment
- Captive Risk Assessment
- Business Perpetuation
- Fiduciary Liability
- Management Liability Assessment
- Safety Assessment – Organization, Behavioral, Management, Operations
- OSHA/DOT Compliance
- Experience Mod Review & Analysis
- Renewal Audit Review
- Premium & Loss Summary/Loss Analysis
- Privacy Policy & Procedures Review
- Multi-Site Inspection
We can also help you with...
Experience Mod Analysis
Through an analysis of your loss history and your current policies and procedures, we can help you understand the trends impacting your workers' compensation premiums and how loss control efforts can reduce your experience mod, resulting in premium savings.
LEARN MORE learn more about experience mod analysis.Related Resources
Experience Modification Factor Explained
The years used in the mod factor are the last three audited policy terms. This means there is a one year gap between your mod year and the years of claim and payroll data used.
READ MORE Click here to read more about experience mod factor.
Managing Your Business
Are you managing your business to its full potential?
LEARN MORE about managing your business.
Are you covered in case of a business interruption?
Don't let the loss of your facility stop you from keeping you open for business.
READ MORE Click here to read more about business interruption.
Your Trusted Risk Management Advisor
As an independent insurance agency, our advisors design, compare and present customized business insurance program options in order to provide your company with the best policies possible for the best value.
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