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Audit Existing Insurance Arrangements
Most companies don’t buy insurance. It is sold to them. There is no doubt the commission-based delivery system is awash with flaws and conflicts of interest. When confronting a risk management problem, insurance ought to be the last resort, not the first. We know the risk management process, the products available and how to make the most of both to minimize your costs.
Many times during the year, companies uncertain about their existing arrangements ask us to evaluate their exposures and assess their risk management programs. After a thorough analysis, we issue a report listing the achievable changes that can be made to reduce costs and improve coverage and/or service. The written report uses a minimum of insurance jargon. Once our ideas are discussed and a course of action agreed upon, we are available and frequently asked to help implement the changes.
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