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- As your
Risk Management Consultant, we examine your organization to
identify and quantify what it does, what it stands to lose
in case of loss, and what is needed to protect its assets
and earnings.
- Our
services might start as an insurance overview, a direction
finder - a service designed for clients who may not need a
full audit, are uncertain about their consulting needs and
wish an independent overview of their program before
proceeding with a material change or commissioning a major
consulting assignment.
- We
perform a limited examination of in-place programs in order
to be prepared to discuss identified issues, potential
problems and explore possible solutions with a client.
- As your
Risk Management Consultant, we examine your organization's
insurance and risk management programs and make
recommendations regarding coverage improvements,
administration, loss control and financing information.
- As your
Risk Management Consultant, an independent investigation and
assessment of the in-place risk management programs. The
topics considered in the analysis include:
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Identification of risks
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Interview of appropriate managers and staff
- Tour
of facilities
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Analysis of financial statements as indicators of risk
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Review of agreements, contracts and leases
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Evaluation of current insurance policies and
self-insurance documents
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Review of the current loss control program
- As your
Risk Management Consultant, a written report will be
provided to management detailing our findings and
recommendations. In addition we will furnish assistance in
the implementation of our recommendations.
- As your
Risk Management Consultant, we develop specifications for
marketing an insurance program and risk-related services.
Then we manage the marketing process, evaluate proposals,
and make recommendations on program selection and service
providers.
- As your
Risk Management Consultant, the development of written
specifications to facilitate an orderly request for uniform,
competitive proposals from insurance agents, brokers,
insurers and other vendors. Our services include:
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Identification of risks
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Design of the proposal specifications
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Analysis of proposals received
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Recommendation of the best qualified proposal
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Assistance with the implementation of new programs
- As your
Risk Management Consultant, we provide ongoing risk
management consulting services and may also serve as an
outsourced risk management department. Continuous consulting
services in accordance with a defined schedule respond to
the specific needs of the client. Use of this service is
helpful in the following areas:
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Review of insurance policy changes, coverages, premium
adjustments, audits and correspondence
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Evaluation of new contractual obligations for proper
risk management protection
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Analysis of services provided by agents/brokers, loss
control, claim handling and third party administrators.
- Services
provided in this area include:
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Insurance forms, policy research and archival studies,
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Interpretation of insurance coverages and explanation of
industry conventions in arbitration and court
proceedings. Resources include an extensive reference
library and relationships with the nation's leading
authorities.
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Depositions and testimony in various cases.
- The
rapid increase in Worker's Compensation premium costs to
employers has generated an unusual amount of activity in
this area. The Compass Company has been retained to provide
assistance to individual firms, associations, and groups of
employers interested in reducing their costs through a
variety of possible solutions. Our activities have included:
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Self-Insurance as an Alternative
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Alternative Market Feasibility Studies
- Use
of Captive Insurance Companies
- Loss
Control Programs
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Safety Group Programs
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Evaluation of Alternatives
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Establishing Cost-Effective Programs
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