One of the biggest line items with many businesses is their insurance spend. Too often we see with clients that annual renewals and insurance premiums are simply treated as an unavoidable expense rather than a key risk management strategy and accordingly sometimes it is not managed appropriately within an organisation.
With considerable experience across all aspects of insurance including broker management, negotiation and placement with underwriters, broker tenders and claims management for general insurance along with all aspects of workers compensation Strategic Risk Solutions is strongly positioned to bring your insurance program into your overall risk management program through the benefits of more efficient systems, potentially reduced premiums, reduced deductibles with enhanced coverage as well as highlighting where you may be paying for coverage which is not required including ‘bells and whistles’ attached to your policy which are irrelevant to your business.
Insurance Reviews: We are able to conduct an independent review of your insurance needs. We can benchmark to industry standards and identify where improvements in your program are available. We have no affiliation to underwriters (insurance companies), so you can be assured that we will provide you with professional and independent advice so you can best assess your insurance requirements.
Insurance Program Management: We can assist your business with the overall management of your insurance program including claims management, workers compensation and return to work issues, we provide a proprietary online system with ready access for you to Certificates of Currency, policy documentation and other insurance information which may be require, as part of our outsourced risk management model.
Insurance broking tenders: Have you had the same broker for many years? Do you know what your broker is actually doing for you? Do you know how or if your broker is being paid by third parties (i.e. insurance companies/underwriters and to what level) for your business? If you do not know the answer to those questions then perhaps a broker tender or broker service review is what you require. Conducting a tender for your broker services or a review of those services can result in a range of benefits including transparent and often reduced broking expenses, clearly and defined deliverables from your broker regarding the service they provide you, enhanced value to your business with improvement program management.
For further information on how Strategic Risk Solutions can assist you with your insurance program and to obtain a copy of our Insurance Services Capability document please contact us at firstname.lastname@example.org
Strategic Risk Solutions ~ your trusted risk advisor