RISK MANAGEMENT SERVICES
INSURANCE
POLICY REVIEWS
We
will conduct an in-depth review of your insurance policies and your
insurable exposures to loss. This review results in an insurance
audit summary with recommendations for improvements. Topics addressed
in the report include:
- discrepancies
between proposed coverage and the actual coverage
- duplicate
areas of coverage
- gaps
between policies
- premium
competitiveness
- property
valuation
- coverage
deficiencies
- liability
limits
- deductibles
- purchasing
suggestions
COMPETITIVE
BIDDING PROCESS
- We
can tailor a set of insurance specifications for you or provide
you with an "off-the-shelf" version for your modification.
INSURANCE
PROPOSAL EVALUATIONS
- The
Property & Casualty marketplace is in a near crisis mode.
Premiums have skyrocketed and coverages are becoming restricted.
- Buyers
of insurance are wise to retain a consultant to prepare insurance
specifications, evaluate proposals, and negotiate among the insurers
for enhancements.
- The
market for Employee Benefits coverage is complex; several of the
nations largest insurers and HMOs have merged.
- Employers
who solicit medical insurance proposals in response to rate increases
are generally coming out ahead of those who do not.
PERFORMANCE
REVIEWS
We
can provide the following types of performance reviews:
- Internal
administration of your insurance plan
- Third-Party
Claim Administrators
- Administration
of Insurance Certificates
- Agent/Broker
Services
CONTRACTUAL
INSURANCE REQUIREMENTS
- Insurance
requirements should be tailored to protect you and should be enforced.
- We
can review "insurance requirements" in contracts that
you plan to execute.
- We
can review Certificates of Insurance to determine if they comply
with the insurance requirements.
- We
can instruct your staff how to properly manage Certificate of
Insurance
SECOND
OPINIONS
- Clients
often turn to us to "bounce off" ideas about their insurance
programs.
- We
are in position to discuss the "upside" and the "downside"
of most insurance issues.
PART-TIME
RISK MANAGER
- We
can serve an "out-sourced" Risk Manager on an on-going
basis for clients that cannot justify the expense of employing
a risk manger.
- This
service keeps us familiar with your insurance program and in position
to advise you of new trends and opportunities in the insurance
marketplace.
NEGOTIATION
SKILLS
- Insurance
buying should include "negotiation" to get the best
pricing and coverage.
- Working
through agents and underwriters, we routinely negotiate better
terms for our clients.
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