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Services Offered


Many businesses rely on their insurance agent to provide insurance and risk management advice in addition to selling insurance policies. Depending upon the specific situation, doing so may be problematic.

As a suggestion, perform an internet search for positions posted at various companies using the words "Corporate Insurance Manager," "Risk Manager," "Insurance Analyst," or similar positions. Then compare the essential job duties of these positions with the duties of an "Insurance Sales Agent." Note the differences and decide for yourself which position is best suited to help you achieve desired objectives related to your company's insurance and risk management program.

RISC's Core Services Are:

1. Review of Insurance Policies and Risk Management Programs.

2. Litigation Support.

3. Insurance and Risk Management Educational Presentations.

As risk management consultants we thoroughly interview our clients to identify risk exposures and to ascertain risk tolerance levels. We then use information gathered to develop a formal, integrated program that combines insurance and risk management techniques to meet agreed-upon goals.

Our recommendations provide solutions for risk exposures that may not have been previously identified. Our identification and analysis of your business risks result in recommendations that will most effectively address identified areas. Our intent is to provide the best possible value for our clients' insurance and risk management dollar, while weighing both coverage and cost factors. As your company's outsourced Risk Manager, we provide solutions to existing problems and work closely with you to head off future difficulties by anticipating areas of concern.

RISC offers a menu of services to assist businesses and individuals to create first-class insurance and risk management programs.

Our Available Services Include:

arrow   Risk Management Audits

arrow   Competitive Bidding of Insurance Programs

arrow   Analysis of Safety and Loss Control Programs

arrow   Claims Audits

arrow   Outsourced Risk Management Services (Rent-a-Risk Manager)

arrow   Personal Risk Management

arrow   Executive-Level Summary of All Findings

arrow   Alternative Funding Program Feasibility Study

arrow   Litigation Support, Including Expert Witness Testimony


Risk Management Audits

At times, all that is desired by a business or individual is an independent party to analyze their existing insurance and risk management program. This can be viewed as a "Risk Management Audit", or "benchmarking" a risk management program. RISC is happy to provide such assistance as one of our many services.

Areas of analysis may include items such as:

  • Property Values
  • Coverage Options
  • Limits of Liability
  • Deductibles
  • Automobile Liability and Physical Damage
  • Safety and Loss Control Programs
  • Review of Claims Histories and Internal Controls

[Services Offered Summary]

Competitive Bidding Process

To ascertain current marketplace conditions, it makes sense to "test" the marketplace from time to time. In this way, new coverages that have become available can be quoted and pricing of competitive insurance carriers can be compared. A unique bid template is engineered which may include, but is not limited to, items such as:

  • Property Limits, Coverages and Endorsements
  • Liability Classifications, Limits and Endorsements
  • Deductibles
  • Differences in Conditions (DIC), Where Applicable
  • Inland Marine Floaters
  • Equipment Maintenance Contracts
  • Directors and Officers Coverage
  • Umbrella/Excess Policies
  • Errors and Omissions/Professional Liability Policies
  • Workers' Compensation Classifications
  • Workers' Compensation Dividend Plans
  • Review of Insurance-Related Contract Language
  • Employment-Related Practices Liability
  • Employee Dishonesty
  • Business Income
  • Sexual Abuse Coverage
  • Sexual Harassment Coverage
  • Corporal Punishment Policy Provisions
  • School Leaders Errors and Omissions Coverage

[Services Offered Summary]

Analysis of Safety and Loss Control Programs

A review of your claims history always tells a story. By reading your story, we can ascertain areas that should be addressed to help prevent future occurrences. We can also identify areas such as employees who have had several Workers Compensation claims, and will work with you to properly respond to these situations.

In addition, RISC reviews your company's existing safety and loss control programs with the intent of improving your current practices, where possible. By working with you to control safety issues and resulting losses, we help save you money. You not only save money on pure claims costs, but also in improved morale and reduced Workers Compensation experience modification factors.

[Services Offered Summary]

Claims Audit, Including Monitoring of Claims and Workers Compensations

Claims and Workers Compensation should be important areas of focus for your business. Attention to these areas can mean money in your pocket through reduced insurance premiums, increased worker's compensation dividends, lower experience modifications, or any combination of these factors. Some of the processes we use caninclude:

  • Evaluation of Claims Handling Personnel
  • Evaluation of Internal Claims Handling Procedures
  • Analysis of Actual Claims Experience
  • Review of Insurance Carrier's Current Claims Reserves
  • Auditing of Claims and Evaluation of Reserves
  • Review of Claims Reserving Practices
  • Analysis of Current Dividend Plan, With Specific Recommendations For Changes

[Services Offered Summary]

Outsourced Risk Management Services (Rent-a-Risk Manager)

Many businesses do not have a designated risk manager. Instead, many times a bookkeeper, treasurer, or personnel manager becomes your "risk manager" or "insurance person" by default.

Few of these individuals have any formal insurance training or industry experience; nevertheless, they are placed in the position of insurance "expert" and buyer. In several of these instances, "risk management" is equated with insurance and the agent or broker becomes the person making critical and expensive decisions for your business.

This is seldom an ideal situation. Never forget that an insurance agent's primary job is to sell insurance. In addition to selling coverages that may or may not be right for you, few fully understand how to best address your organization's specific insurance and risk management situation. RISC will provide professional risk management services to your business to noticeablyimprove your financial situation. In addition, we will educate the applicable person(s) in your organization about the nuances of insurance coverages, as well as the use of appropriate risk management techniques.

[Services Offered Summary]

Personal Risk Management

RISC prides itself on the ability to coordinate business and personal insurance programs, when appropriate. Many business owners also have substantial personal assets which must be protected. At times, there are economies of scale that can be enjoyed due to coordination of both personal and business insurance and risk management programs. Why protect your business but overlook personal liabilities, or vice-versa? Both are extremely important areas from a risk management perspective. It makes no sense to adequately protect your business but to be vulnerable to lawsuits for items you own personally, and vice-versa. With our approach, you can be fully covered in both areas!

RISC can help coordinate personal insurance programs through:

  • Homeowners Review (Including High-Valued primary residences, as well as secondary, seasonal and rental properties)
  • Automobile Review (Including Antique, Classic, and High Value/Exotic Cars)
  • Inland Marine Schedules Review (Including Jewelry and Fur Floaters, Golf Carts, Gun Schedules, and More)
  • Watercraft Review (Including Jet Skis, Personal Watercraft and Yachts)
  • Umbrella/Excess Policies Review (Including an Analysis of the Right Type of Coverage For You)
  • Review of Miscellaneous Policies, i.e. Motorcycles, 4-Wheelers and Other "Toys"

[Services Offered Summary]

Executive-Level Summary of All Findings

All too often, insurance industry jargon and legalese are used to describe insurance products and intended coverages, leaving businesses and individuals confused and frustrated. There are industry "experts" who disagree on the meaning of some insurance coverages, so how can a customer understand what it is that they truly need or already have in place?

After analyzing your existing insurance program RISC summarizes our findings in easy-to-understand language. In addition, when making recommendations to your insurance program we explain the benefits associated with such changes using words you can easily comprehend.

[Services Offered Summary]

Alternative Funding Program Feasibility Studies

For larger businesses it makes sense to consider alternatives to standard insurance products. Some of these include:

  • Loss sensitive rating plans, such as: paid loss retro, incurred loss retro and large deductible plans
  • Self-insurance
  • Captive insurance companies
  • Association plans
  • Risk retention groups
  • We will help you determine whether one or more of these make sense for your particular situation.

    [Services Offered Summary]

    Litigation Support, Including Expert Witness Testimony

    No one enjoys suing or being sued. However, sometimes it is unavoidable. RISC can work with your attorney to provide a variety of litigation support services, including research, opinions, depositions and courtroom expert witness testimony to support and build your case so you can win. We provide assistance in the following property and casualty areas:

    • Insurance policy review
    • Coverage interpretation
    • Assistance with pre-discovery and legal strategies
    • Analysis of legitimacy of denied claims
    • Application of first-hand knowledge of insurance company operations
    • Research
    • Assistance with trial preparations
    • Provide "second opinions" to ensure areas addressed are correct and/or to identify key areas that may have been overlooked
    • Expert witness opinions
    • Depositions
    • Trial Testimony