RISK MANAGEMENT STEWARDSHIP

 

We act as "out-sourced" risk managers for our clients at a fraction of the cost of a full time risk manager and will remove the burden of managing your risk and insurance program so you can focus on your business.

 

In the risk management stewardship role we will provide independent risk management advice to management and deal day to day with your insurance brokers and other risk management vendors. We will  drive the renewal process, analyze all quotes and proposals, offer recommendations and perform a review of your insurance policies annually so the product you buy is the best it can be. We will review key business contracts that you enter into in order to ensure insurance and indemnification provisions are commercially reasonable and that your insurance program is in full compliance with contract insurance provisions. We will become an intergal part of your management team and represent you in all insurance and risk management matters.

 

Why is it necessary to have a Risk Manager?

 

• Brokers today are focused primarily on the transactional side of the business - getting the coverage placed and earning commission and/or fees.

 

• There are companies that are not large enough to have a full time risk manager but are simply too large to rely solely on a broker who is not independent, has inherent conflicts of interest with insurers and will not take a holestic view of risk management.

 

• You need someone as part of your team that will represent you in all insurance and risk management matters and who is unbaised without conflicts of interest.

 

• Having an "out-sourced" Risk Manager will alleviate you from the burden of dealing with insurance matters allowing you to focus on your business.

 

 

As your Risk Manager we will:

 

• Provide unbaised, objective advice that a broker can not provide due to inherent conflicts of interest.

 

• Raise material coverage issues that otherwise would have remained unaddressed, broadening coverage and avoiding coverage disputes after losses.

 

• Lower your insurance costs be spearheading the renewal process, bringing in competition where appropriate and negoiating on your behalf with brokers and underwriters.

 

• Provide excellent service that will meet or exceed your expectations at all times. You will deal day to day with a seasoned professional rather than being passed on to junior staff.

 

• Provide continuing counsel on all risk management and insurance related matters throughout the term of our engagement.