risk management & loss control

Risk Management - Management of the pure risks to which a company might be subject. It involves analyzing all exposures to the possibility of loss and determining how to handle these exposures through practices such as avoiding the risk, retaining the risk, reducing the risk, or transferring the risk, usually by insurance.

Loss Control - All methods taken to reduce the frequency and/or severity of losses including exposure avoidance, loss prevention, loss reduction, segregation of exposure units and non-insurance transfer of risk. A combination of risk control techniques with risk financing techniques forms the nucleus of a risk management program. The use of appropriate insurance, avoidance of risk, loss control, risk retention, self insuring, and other techniques that minimize the risks of a business, individual, or organization.

We run a business just like you . . . so we understand the importance avoiding business interruptions and of creating and maintaining a safe and productive work environment for our employees and clients while containing operating costs. As a result, we’ve prepared a thorough Loss Control Program. Through the use of the easy-to-follow instructions we will assist you in developing an effective, loss control plan which can be tailored to the individual needs of your particular business!. Over time, loss prevention and management should save you money by (1) reducing direct and indirect expenses normally associated with losses, (2) lowering the overall cost of your coverage based on an improved loss experience. However, the ultimate effectiveness of your program depends upon your active and ongoing participation; therefore, we encourage you to call us for a free consultation and presentation.