Risk Management
Risk Resource is a four-step process utilized by General Insurance Services to identify, develop, implement, and monitor the risk management strategies for you and your business. Here, we briefly examine those four steps:
Step 1 | Identify Exposures
During this crucial initial phase, we will invest the time to understand every facet of your business to help you and your team identify your business risks. By evaluating the effectiveness of risk management programs, practices, and resources under “real world” conditions, we assure that your assets receive precisely the right type of protection.
Step 2 | Develop Strategies to Handle Risk
Once we have developed a thorough understanding of your business – including your industry, corporate culture and operating procedures – we are ready to move beyond insurance, exploring a spectrum of proven alternative strategies to minimize risk and reduce insurance costs
Step 3 | Implementation of Programs
During the implementation process, we establish tailored programs and strategies designed to protect your assets while reducing insurance costs. A strong belief in our process motivates underwriters to offer much lower insurance costs on your behalf.
Step 4 | Ongoing Montioring and Adjustment
You and your business are dynamic – what works for you today might not work tomorrow. For this reason, we will continue to monitor and adjust your risk management programs to ensure a perfect fit as your business evolves and changes. This is where our comprehensive understand of your business can pay huge dividends, by enabling us to precisely tail or your protection to fit the unique needs of your business.