Marsh McLennan Agency uses a four-step process to improve the risk profile of your business.
Step 1: Uncovering risk issues—risk management audit
We utilize our insurance industry experts in safety, claims, and policy review to uncover risk issues specific to your business.
A risk management audit may include:
- Facility tours
- Safety surveys
- Experience
- Modification reviews
- Contract reviews
- Broker service reviews
- Policy reviews
- Crisis/disaster planning
Step 2: Improving your risk profile—solutions report
Once we develop a thorough understanding of your business and the risk issues it faces, we are ready to present solutions to minimize risk and reduce your insurance costs. The time invested in the Risk Management Audit will pay huge dividends allowing us to precisely develop a plan to fit the unique risks of your business. The Solutions Report becomes our template for action to improve your business’ risk profile.
Step 3: Program implementation—service schedule
Based on the Solutions Report, we create a Service Schedule, which is a timeline of activities to implement the recommended solutions. These solutions go beyond insurance to address alternative risk management strategies including:
- Contractual risk transfer
- Loss control and life safety
- Policies, control and procedures
- Risk retention strategies
- Claims management
Step 4: Reporting our progress—stewardship review
The risk management audit, solutions report, and service schedule allow you, the client, to be involved in the evolution of your risk management program. It also gives you a clear, objective way to monitor your broker’s performance. The stewardship review will allow you the opportunity to adjust plans and strategies to meet your changing needs.
Ready to start your risk analysis? Reach out to get started.
