PUBLIC ENTITY RISK MANAGEMENT

 

Your dedicated team, through experience and successful risk management, has determined that the utilization of data analytics to identify loss trends is paramount to effective risk monitoring and tangible, corrective results. The timely identification of a frequency or severity trend will lead to an immediate team intervention and assessment which will include the appropriate school personnel and Insurance Carrier Representatives to implement a corrective plan of action, complete with specific goals and realistic timelines.  We will also partner with your insurance carrier’s claims representatives, as well as their Underwriting and Loss Control staff to coordinate available resources, education, and reports. The School’s input and participation is a vital part to the success of any risk management plan.

 

 

LOSS CONTROL SERVICES

 

Documentation review is imperative to controlling loss.  We thoroughly review the (SOV) which is a listing of insured structures, contents, and values to identify potential coverage and/or valuation shortfalls.  We complete an on-site assessment of all structures to validate the accuracy of the current SOV and identify any property or liability concerns.  Upon completion of this review we will meet with the appropriate school personnel to review and develop an internal timeline for corrective action, if necessary. Identifying, addressing, and documenting structural or grounds issues to be scheduled for future budgetary dollars will eliminate the School’s concern with respect to liability and/or potential litigation. Modification factors with respect to Automobile Liability, General Liability and Workers Compensation will be an additional priority for your dedicated team.  As previously stated, the use of data analytics and claims activity reports will identify trending and areas of concern and immediate focus.  Modification factor reduction is the key to premium reduction.  Our business model as it relates to our clients dictates an aggressive work place safety attitude.  Proactive loss control management in lieu of a reactive approach will eliminate a costly outcome.  With budgeting dollars at the forefront of every educational decision, each dollar not spent on claims, increased premiums and/or litigation fees, is a dollar that can be dedicated to the educational needs of our students.

 

COVERAGE PROCUREMENT

 

When contractually permitted, it is our responsibility to market your insurance program for the most cost- effective options and robust coverage terms, available in the industry.   We will aggressively market your Property, Automobile Liability, Physical Damage, General Liability, Excess Liability, Pollution, Cyber Liability – Date Breach, Crime Coverage, Bonds, Workers Compensation, Supplemental Indemnity, Student Accident, Boiler Coverage and Crisis Management coverages for available options with only highly rated, experienced Insurance Carriers.