The hallmark of HUB International Insurance Services Risk Management Consulting is programs custom designed for each client. Each risk situation is approached individually and in two distinct phases: pre-loss and post-loss evaluation and services.
This evaluation includes in-depth discussions and reviews with key personnel in your company to determine your exposure to loss. Then, HUB professionals conduct a risk assessment and make realistic, concrete recommendations.
Recommended processes could be as simple as basic safety engineering or as complex as systematic analysis of work flow throughout your organization. The process may include Hold Harmless agreements, the elimination of hazards, or the avoidance of, or transference of, risk.
The best program is derived from genuine collaboration. Based on our research and analysis and following the evaluation reached jointly by HUB International Insurance Services and your personnel, we will design a program to reflect your company's risk-taking philosophy. This may include:
- Self-insured programs
- Risk transfers through non-insurance-based means
- Risk transfers through insurance
- Risk avoidance/elimination through loss prevention
- Loss prevention and safety programs
Because financial elements of your program are crucial to its success, HUB International Insurance Services will assist in evaluating the financial treatment of your Risk Management Program. This could include the selection of deductibles and self-insured retentions or matters as complex as the creation of an in-house insurance company. The financing program is designed to fit your company's philosophy, its risk-taking approach, and your bottom-line financial needs.
There are two basic phases of your Post-Loss Risk Management Services: claims management and evaluation of the approximate cause of the loss.
Our professionals will assist you to assure the claims are handled promptly, equitably, and professionally. If payment is to you, our objective is a timely, complete payment. If the payment is to a third party, then we oversee claim reserves and their maintenance and follow up with your carrier.
The process does not end with a claim payment. Repetitive small losses are often predictors of a large severe loss. The HUB International Insurance Services Risk Management Team can find and eliminate causes, helping you to maintain the effectiveness of your program.
This thorough approach to risk management is the basis of our service and helps our clients to save additional money over the life of the program.