Understanding Risk Management

The five steps

1. Identify

We take the time to understand every part of your business and help you and your team find the risks you face. We look at your property, your employees, liability to third parties, and anything that could hit company income or the balance sheet. If a risk is never identified, there is no way to decide how best to control or insure it.

2. Analyze

Once we understand your business, including your industry, culture and operating procedures, we move beyond insurance. We work out what each identified risk could do to the organization, so together we can decide which ones to handle first.

3. Control

Here we decide which risk control programs and processes will do the most to reduce how often losses happen and how severe they are, and with that your Total Cost of Risk. Looking at a range of proven strategies, beyond simply buying coverage, is what brings insurance costs down. Underwriters price you on their perception of your risk. Reduce or eliminate those risks and your insurance costs follow.

4. Implement

The chosen programs get put in place with your team, with clear owners and timelines, so they become part of how the business runs.

5. Monitor

We evaluate how well your risk management programs, practices and resources work under real world conditions. That is how we make sure your assets have the right protection.

Where the Employer Success Program comes in

It starts with a Diagnostic and Plan. We read your loss runs, your mod worksheet and your key contracts, and we talk with the people who run the work. You get the pattern behind your claims and a short list of what's worth fixing first.

From there our claims, HR, safety and fleet people work alongside yours, and you get a Score Card at the start and every year after, measured against your own starting point.

How the program works