Risk Management Consulting

ENTERPRISE RISK MANAGEMENT AND COMPLIANCE: ASSESSING ORGANIZATIONAL RISKS
Organizations are faced with a myriad of risks that can threaten cash flows, reduce the organization's value, and even put organizations out of business.  The majority of these risks are not covered by standard insurance policies, and so they must be proactively identified, controlled, and financed by the organization itself.  Unfortunately, many organizations haven't developed the tools and processes to better manage their retained risks.    

Our Enterprise Risk Management and Compliance services teach you how to identify, categorize, and quantify your organization's risks.  We create Risk Maps to help you see the likelihood and impact of various threats to your organization and help you develop strategies to focus resources where they are most needed.  Unlike other ERMC consultants that focus only on controlling risk, we also help you identify ways to finance risk, mitigate the cost of losses, and implement risk management programs that adapt to your organization's changes over time.

ERMC is grounded on the premise that if you haven't identified your risks, you aren't managing your risks.

TOTAL COST OF RISK: TARGETING COST DRIVERS
Insurance is only a fraction of any organization's Total Cost of Risk.  Our TCOR services help you quantify the total risk costs your organization incurs, what's driving these costs, and how these costs compare among your business units.  TCOR analysis helps us identify strategies and techniques to lower your total cost of risk and creates a baseline to track your savings over time.   Its also useful in setting business unit budgets and goals as well as equitably allocating expenses. 

TCOR is grounded on the premise that if you don't measure your costs, you aren't managing your costs.  

ALTERNATIVE RISK FINANCING STUDIES
Since 1986, we've helped organizations explore the feasibility of qualified self insurance, captive insurance, risk retention groups, and risk sharing arrangements.  We help you identify the risks, rewards, costs, and savings potential in using these options and compare them to your current insurance program.  We also explore whether internal or external constraints exist and ways to overcome these hurdles.  The total cost of each alternative is quantified and compared so that you can made informed decisions for your organization.  If an alternative risk financing program makes sense to your management team, we help you implement the new program for your organization.