The Risk Reduction Approach: Discovery
The Risk Assessment |
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The purpose of The Risk Reduction Approach™ is two-fold:
-
Control your total cost of risk
-
Look more attractive to the insurance marketplace.
The first step is the risk assessment. Both parties sign a non-disclosure agreement and then complete the risk assessment, either:
With comprehensive document review
- or -
Without comprehensive document review
We recommend the first option which more accurately uncovers areas of concern where we can help.
Recommended risk-related documents to review include:
Insurance
- Current dated Insurance Contracts and Policies
- Loss Run Information if available
- Certificate of Insurance Logs
- Employee benefits insurance summary (health, dental, life, disability, 401k, HSA)
- Property appraisals (if any)
- Personal Insurance Policies (if applicable)
Contracts
- Standard Client Contracts
- Vendor Contracts
- Hold harmless, indemnification, exculpatory, waiver of subrogation, limit of liability agreements
- Premise leases
- Equipment leases if any
Human Resources / Return on Human Capital
- Safety Manual
- OSHA 300 Logs
- Employee Manual
- Disaster Recovery Manual
Self-Identified areas of concern
- List of items you know need to be addressed
- Other risk and safety related documents or notes