Finding Hidden Profits Through The Risk Management Process Colin Baird 1113 West Avenue M-4, Suite C Palmdale, CA 93551 Direct Telephone: 661 486-2202 Fax: 661 281-4992 Cell: 661 332-0382 Email: [email_address] or [email_address]
There Are Five Basic Steps To Risk Management Colin D. Baird [email_address]
Colin D. Baird [email_address] Monitoring Examine and Evaluate The Results Of The Plans Implement The Desired Action and Plan Control and Finance The Risk Analyze and Measure The Risk Identify The Risk The Risk Management Process
A Client Had Workers Compensation Losses Double The Industry Average. As a result his premiums had doubled and profits dwindled.
We reviewed and made adjustments to the clients loss and safety programs. This ultimately reduced losses to a more acceptable level.
We reviewed and implemented a formal process for managing ongoing losses. This process included a formal process for subrogating losses back to the responsible party for reimbursement. In turn this improved the clients actual losses which in turn reduced his net cost for insurance
We hired a Nurse Case Manager to better help manage new losses and properly identify First Aid cases thereby reducing reportable injuries to the client’s insurer.