RISK MANAGEMENT & INSURANCE AUDITS

 

 

You receive assurance that your risk management program is up to current standards and benchmarks and that best practices are being followed.

 

The scope of services involved with a Program Audit typically includes:

 

• Confer with management to learn about your organization's current risk management strategy, its tolerance for uncertainty, internal reporting relationships, loss history and its relationships with carriers and other service providers.

 

• Conduct an on-site survey directed at identifying and analyzing exposures to loss or liability.

 

• Scrutinize your property/casualty insurance portfolio for validity and correctness of all provisions; examine funded retentions, leases, trust or bond indentures and other documents of importance to risk planning.

 

• Measure current risk management methods against the exposures identified in the survey.

 

• Examine insurance expenditures for maximum cost effectiveness.

 

• Prepare a comprehensive written report of our findings including comments and recommendations for improvement in your program.