Risk Management Consulting

Risk Management Consulting

Not all clients are strong candidates for alternative risk financing vehicles. When and if the pre-feasibility study reveals that traditional methods of insurance are the most practical and cost-effective for the client to insure and manage risk, we can provide risk management consulting and brokerage services to our clients. With licensed property and casualty brokers and experienced underwriters on staff, we provide risk management consultation to include a comprehensive analysis of the current traditional insurance program and policies in force, recommendations for enhancements and cost savings, and available markets for placement of coverage.

We also provide independent risk management consulting where we are not directly involved with the placement of coverage. In these cases, we design the insurance coverage specifications for a Request for Proposal (RFP) process, including development of underwriting data, determining the appropriate level of risk to be retained by the client in the form of self-insurance, and assistance in the completion of a strategic and effective bidding process. We will assist with the development of service agreements to define scope of performance to be received from third party insurance brokers and underwriters and negotiate the associated fee structure on behalf of the client.

RiskMgmt