THE RISK MANAGEMENT PROCESS
Global Insurance Group’s risk management approach consists of a five-step process: Identification and Assessment, Prioritization, Mitigation, Allocation and Review.
Risk Identification & Assessment
The first step involves a comprehensive review of exposures and your current insurance portfolio in order to determine critical and key areas of concern.
Prioritization
We will work with you to prioritize which areas are of greatest importance to begin developing a plan to reducing risk exposure.
Mitigation
After prioritizing the key exposure areas, various recommended risk management techniques will be discussed to attempt to minimize loss.
Allocation
At this time, we will begin the process of utilizing insurance to transfer those critical risk areas identified in Step 1.
Review
Since successful businesses are subject to an ever-changing work environment, it is imperative to continuously review and enhance your portfolio in order to effectively evaluate proper risk control products and address new and growing risks.
Global Insurance Group is committed to working with clients to effectively manage risk, negotiate insurance products, and provide a superior level of service. Feel free to contact us if you are interested in having a risk management portfolio developed for your organization.