Can Risk Management Benefit Your Business?
Many business financial professionals have a working
knowledge of their company’s property and casualty
insurance programs, but frequently lack the time necessary
to stay abreast of the changing financial alternatives available.

Areas such as risk identification, loss prevention and claims management frequently receive little attention.

When this situation exists potential business risks are unrecognized, inappropriate and/or costly insurance products are purchased, little effort is made to prevent losses and claims are left unmanaged.

Why Retain An Independent Risk
Management Consultant?
More often than necessary, insurance programs are accepted despite their unnecessary cost and insufficient protection. In the current world, risks and insurance products are changing constantly making it difficult to manage and cover potential exposures. An independent risk management consultant can identify unidentified risk, and determine the appropriateness of insurance programs, while, at the same time, eliminate unnecessary expenses.

An independent consultant will examine several options for managing risk. Insurance is only one of the several routes that
can be pursued. Different situations call for different solutions. In one instance it may be appropriate to purchase insurance. In another case it may appropriate to self insure or use a captive insurance company to manage the risk. With different options available for managing risk an independent risk management consultant can analyze and apply an appropriate plan for each organization.

Is Cardinal affiliated with any insurance
carrier or broker?
Cardinal is not affiliated with any insurance carrier or broker. We believe to be affiliated with a carrier or broker would compromise our independence and lessen our objectivity.

How is Cardinal compensated for its services?
Our consulting services are provided either on an agreed fee for a specific project or hourly basis. Outsourcing services are provided on a retainer basis.

Will my costs be reduced?
We cannot guarantee any cost reductions. Our
objective is to assist all clients in the development and
implementation of cost effective solutions that address
their unique business risks.