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Risk Management

Reducing Claims reduces Costs. It's what we do. 

Let's face it, some claims are inevitable. Profitability and competitive advantages can and will dramatically diminish if claims activity occurs in any combination of frequency and severity.

WHY DO OUR CLIENTS VALUE LOSS CONTROL?

ACO’s Safety & Loss Control partners provide additional risk management services to our valued clients (see Client Rewards). Occasionally, needs arise which may not be available through the carrier-partner or ACO, but are still paramount to our insured's risk reduction.

 

Partnered services provide case-by-case solutions for our qualified clients based upon their unique needs and business objectives. Contact us for a full list of services provided through our strategic partnerships.

SERVICES PROVIDED:

  • OSHA Compliance

  • OSHA 10 Class

  • OSHA 30 Class

  • Fleet Safety Training

  • Job Site Safety Meetings & Surveys

  • Fall Protection

  • Hazard Communication

  • Confined Spaces

  • Lockout/Tagout

  • Custom Safety Meetings

  • Written Safety Programs

  • CPR/First Aid Accreditation

  • Emergency Response Plans

  • Silicia for the Competent Person

  • Respiratory Testing (FIT Testing)

CASE SPOTLIGHT:

Our strategic Safety & Loss Control partner recently helped a construction contractor, who received several OSHA citations, contest and reduce the penalties by over $14,000. Without a pre-established relationship, this reduction could not occur. Over a 12-month period, the company implemented several safety programs that produced fewer work-related accidents. 


Our Strategic Safety Partner measures and records these trends, which lead to stronger negotiations as OSHA citations arise.

QUANTIFIED RESULTS:

Negotiated over $14,000 of reduced OSHA fines.

Risk Identification

BOTTOM LINE, OUR PROCESS WILL REDUCE & AVOID LOSSES

TYPICAL COST REDUCATION UPWARDS  OF 25%

  • Identify existing risk tolerance

  • Review policies & procedures

  • Risk financing preferences & financial strength

  • Obtain claims experience

  • Contractual and regulatory compliance

  • Safety & Training programs

  • Fleet & asset maintenance programs

  • Identify loss trends and areas of potential improvement

  • Analyze financial impact of claims

  • Forecast claims modeling

  • Cost Reduction Calculations

  • Contractual analysis to ensure proper Risk Transfer

  • Insurance/coverage analysis to identify gaps that could lead to underinsured/uninsured loss.

  • Develop comprehensive action plan to reduce undesired financial exposures

  • Develop contractual Risk Transfer strategies

  • Disaster Planning

  • Return-to-Work Programs

  • Managed Care Networks

  • Offering employee safety / training workshops

  • Much more...

  • Determine best suited insurance programs based upon prior steps

  • Select desired deductible / retentions

  • Determining appropriate Risk Transfer strategies

  • Select appropriate risk financing mechanism

  • Implement and manage Action Plan

  • Roles and responsibilities of broker and insured outlined

  • Monitor effectiveness of programs

  • Claims Management / Advocacy

  • Adjusting program as needed 

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