CBIZ Benefits
& Insurance Services Consultative
Approach To Business Problem Solving
Joseph P. George, Executive Vice President
Director of Property and Casualty Lines |
Michael A. Mayers, Senior Vice President
Risk Management |
The risk professionals at CBIZ Benefits & Insurance Services bring a problem
solving mindset to all of our business client relationships. Our basic approach
is to first start with the presumption that our clients need no insurance in
dealing with any of their business risk needs. While we recognize that, ultimately,
insurance is going to play a part in the risk control process, we are going
to take our clients slowly and mutually in that direction.
Specifically, we take the following five-step
approach in constructing an engagement business plan:
- Identify all sources of risk threatening
the business health of the client.
- Use our own in-home risk managers,
underwriters, and actuaries to price-tag those risks and to develop pro-active
strategies for systemically eliminating or limiting those risks.
- Review the risk inventory and price-tag
findings with the appropriate financial decision makers of the client and
agree to which of the risks (or parts thereof) can be prudently self-insured
and which risks need to be pooled through the purchase of commercial insurance
programs.
- Construct detailed specifications and
formal requests for proposals to aggressively market the coverages required.
- Work with the client to successfully
implement the agreed upon strategies with respect to risk management and insurance
coverages.
We maintain a full staff
of risk professionals, which allow us to successfully manage the risk and insurance
programs of our clients after the initial implementation of those programs.
Risk management is a dynamic process and we continually review our clients'
programs with an eye towards self-insuring their risk whenever that approach
is deemed prudent. We recognize that risk sharing through the purchase of insurance
is often advisable; but we also recognize that insurance is a commodity subject
to market factors, which can often accrue to the financial benefit of our clients.
Our approach, always in
going to market on our clients behalf, is to get the best coverages at the best
prices from the most financially secure insurance carriers. We know that our
clients are going to need to buy insurance as a matter of good business planning.
We will help them buy the insurance they need when they need it from the right
markets at the right price. We want to sell customized solutions, not off-the
shelf products.
CBIZ RISK MANAGEMENT
MISSION STATEMENT
Our Risk Management goal
is to help our clients in dealing proactively with the financial, operational
and strategic risks that they face now and in the future. We examine the risks,
measure their potential impact, and reccommend appropriate strategies to manage
or mitigate the risks.
FIVE-STEP RISK MANAGEMENT
PLAN
CBIZ will take a five-step
approach in developing a Risk Management Plan:
| I. |
Identify,
quantify and prioritize business risks; |
| II |
Determine
those risks |
| III |
Develop
pro-active strategies for systematically eliminating handling those risks; |
| IIII. |
Construct detailed
specifications and formal RFP's to market the required insurance coverages;
|
| IV. |
Implement
and monitor the risk management plan and insurance coverages. |
Insurance
for Whitewater Rafting and Canoe Livery Industries
Find
the CBIZ office closest to you.
Insuring
Your Home Business
Internet Safety Links
The World Wide Web is a gold mine of safety sites. Here are links to some important
safety sites:
Who Does CBIZ Represent?
Click on the company logo to go to their site.
