Interim Risk Management
As your interim risk manager, Cardinal will be a key contributor
on your transitional management team. We tailor our services to your needs
and provide any or all of the following Risk Management functions.
-
Develop
strategic risk management plans
- Identify and measure exposures to loss
- Assess the ability of the existing risk management programs to effectively
respond to exposures, and recommend improvements where possible
- Perform insurance and risk management due diligence reviews for mergers
and acquisitions
- Develop a Risk Management Policy Statement and Management Manual
- Prepare insurance applications and underwriting submissions
- Evaluate risk financing alternatives
- Check accuracy of insurance policies and process premium payments
- Coordinate audits
- Prepare annual insurance and risk management budget
- Review insurance wording in leases, purchase orders, and other legal
documents to evaluate appropriateness of wording and assure compliance
- Establish a system for tracking of insurance certificates required of
vendors and contractors
- Develop and retain vital information concerning Risk Management programs
- Develop and maintain historical exposure information
- Evaluate adequacy and efficiency of claims reporting procedures
- Assist in reviewing losses to identify claims trends and provide
- recommendations for improvement
- Monitor large loss activity
- Assist in the effective resolution of open claims
- Review or establish formalized claims service processes with insurer/broker
- Review safety policy and loss control program
- Monitor and direct services provided by insurance carriers and brokers