We Help with Risk Management
Did you know that here at The Concannon Agency, we help businesses with their risk management practices? We have deep knowledge of both the insurance industry and with risk management, which means we can look at the best protective and cost-saving avenues to create efficiencies across the board for our clients. When it comes to building and maintaining a successful business, every business owner wishes they could predict potential risks and liabilities.
At The Concannon Insurance Agency, our deep knowledge of risk management and the insurance industry helps us anticipate risks and mitigate them, reducing costs and liabilities for our clients.
So what goes into our risk management process?
Learn more about our approach and why it makes good financial sense to hire us to help with your organization’s risk management.
Our Risk Management Consulting Audit Process
For each risk management consulting engagement, we begin with an audit. We work with a leader inside the company to help us review critical information (i.e., OSHA logs, employee handbooks, claims data, safety committee meeting minutes, hold harmless agreements, insurance policies, standard contracts, leases, safety/risk management policies and procedures, training and orientation programs, etc.).
Following the audit, we work to identify a cross-section of internal stakeholders to participate in one-on-one, confidential interviews. These interviews often reveal both strengths of the organization, as well as risks. While the duration of an audit can vary, it can take anywhere from two weeks to two months to complete.
Based on this process, we are able to create a risk profile for our client, which identifies and prioritizes various exposures, risks and areas of cost savings for an organization. We also evaluate safety procedures and policies, orientation and training programs, provide a full claims review and evaluate the current insurance program to help us make informed recommendations for improvements.
Why Partner with The Concannon Insurance Agency for Risk Management Consulting?
One of the biggest benefits in working with The Concannon Insurance Agency for risk management is that we wear two hats: we have deep knowledge of both the insurance industry and of risk management practices.
We analyze the findings from the risk management audit against your current insurance policies and make recommendations on how to secure the right insurance, or potentially find other avenues to mitigate risk.
As your risk management consultant, we can:
📈 Improve your company’s overall risk profile
📉 Reduce or eliminate accidents that lead to losses
⚠️ Create an improved risk profile combined with fewer accidents to help maintain lower insurance premiums
🔄 Build a sustainable relationship; thereby avoiding the typical insurance bidding process
So not only can we create more thorough risk management and insurance solutions for you, we can ensure they’re more cost-effective, and can work with your existing relationships with other insurance brokers.
Want to Learn More?
We can present risk management and insurance solutions for you and we can ensure they’re more cost-effective. We can save you both time and money while improving your insurance coverage and mitigating risks. Contact our team or call us at (636) 537-5611 today to learn more about protecting what matters most to you.
