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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.

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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...

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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

Have Questions?

We're here to help.

Give us a call at 888.769.3796 and select option 3.

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Jacob Schmidt
Jacob Schmidt, Officer Commercial Insurance Consultant, Milwaukee, WI

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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