Understanding Risk Evaluation in Commercial Insurance
Our risk evaluation considers potential loss from an enterprise perspective. We take a team approach by working with various members of your operations. A wide net cast across your enterprise to identify risk is the first and most important step in our process. This is accomplished by performing an in-depth exposure analysis to determine your unique business risks and carefully assess the impact these could have on your business. This includes performing a specific assessment for emerging cyber risks.
In addition, we analyze your past loss experience to determine how you can avoid, reduce, or control future losses to improve your risk profile and reduce your total cost of risk.
Finally, we conduct a comprehensive review and comparison of your current insurance and risk management program to determine how it measures up to this evaluation. With a complete understanding of your risk, we are able to design a competitive insurance program that meets your specific needs.