|We will conduct a complete examination of your organization by identifying and analyzing your exposures and evaluating your risk management and insurance program.||This will identify and quantify what you do, what you stand to lose in case of loss, and what is needed to adequately and cost effectively protect your assets.
Risk Management Audits
|This is designed to evaluate any deficiencies of coverage that may need to be addressed. In addition it will inform you of potential gaps in coverage with respect to your business operations.||Assurance that your risk management program is up to current standards and benchmarks and that best practices are being followed.
|We develop and implement marketing strategies ranging from single-vendor renewal negotiations to formal multi-vendor bid processes. We design customized specifications, proactively manage the renewal process, evaluate proposals, and negotiate on your behalf.||Eliminated coverage gaps, duplications; improved cost efficiency; reduced overall cost of risk.
Loss Review & Analysis
|Loss data will be examined on a regular basis and analyze the historic trends.||This can determine possible trends and potential anomalies. A loss pick will be determined for self insured retention and if reserve funds are appropriate.|
Collateral Analysis & Negotiation
|Review & Negotiate currently held Letter of Credits or newly required.||Ensures collateral requirements are in check and being returned appropriately.|
Determine Suitable Risk Management Design
|We work closely with our client to determine what risks should be retained, transferred or avoided. We then advise on risk management practices specifically suited to the individual client’s exposures and needs.||Controlling losses and improving organizational performance go hand-in-hand. We take the time to understand each client, their individual circumstances, and special needs. There are no generic organizations and Premier offers no generic risk control solutions.|
Loss Control Services
|We assist in developing safety programs, train key personnel in accident investigation and claims procedures, negotiate claim reserve amounts with insurance companies, and develop strategies to bring claims to prompt, equitable settlements.||Ensure you are maximizing the loss control services from your insurance carrier. Assurance that best practices are being followed and reduced overall cost of risk.|
Integrate the Safety Program
|Cultivate a proven risk improvement process into the client’s organizational culture by placing emphasis in two particular areas: Education & Participation||Education and training improves knowledge transfer and increases awareness. We ensure that responsibility and accountability for loss prevention performance remains within the organizational structure of the client.|
Disaster Recovery & Loss Contingency Planning
|We can assist in the development of a formal written Disaster Recovery & Loss Contingency Plan.||Ensures that your business is ready to continue operating even at the face of adversity and minimize risk of unexpected loss.|
Due Diligence for Mergers & Acquisitions
|Business is every changing whether looking to acquire a business or create a Joint Venture.||We can present a due diligence report providing a scope of the operations with a cost benefit analysis.|
Total Cost of Risk Assessment
|We will establish a “Total Cost of Risk” assessment and review premiums, deductibles levels, and claim projections.||This is used to gage progress from year to year in all aspects of you risk management program.|
Ongoing Risk Management Support
|We provide continuing advice and risk management services, such as annual policy renewal and endorsement review and contract and business operations, to make sure your insurance program addresses your changing needs.||Ready to provide support and advise on a daily basis from knowledgeable and experienced risk management professionals.|