We believe that many risk factors can be effectively managed, reduced or eliminated through the utilization of a comprehensive Risk Management assessment, and we work closely with our insureds to properly identify, evaluate and control their areas of exposure. All inspections and reports are completed by our internal team of trained professionals experienced in the entertainment industry, rather than through a third party service provider. Other than a nominal inspection fee to defray the transportation expenses for our team members, this service is provided to our clients without charge.
After completion of our initial inspection, a detailed report is prepared with specific recommendations noted for risk improvement and the reduction or elimination of loss. As part of our evaluation of the specific and actual operations of our insureds, we also review the operations of independent contractors retained by our insured to highlight additional exposure areas and risk transfer opportunities. Due to our concentration within the narrow market segments within which we write coverage, we have an extensive knowledge base of the exposures and significant experience in the proper and efficient management of these risk areas.
Included in our complete approach, is one important element typically identified as â€œLoss Control.â€� Although we utilize the standard Loss Control methodology in the identification of our clientâ€™s exposure to loss, we then further utilize the additional Risk Management components of transfer, avoidance and elimination of loss.
Because of our total Risk Management approach and our excellent interdepartmental communication, we are capable of implementing a wide spectrum of effective Risk Management tools. For example, our Loss Control group is on the front-line in identifying contractual risk transfer opportunities and works with Underwriting and the Legal Departments to affect those transfers. Moreover, Loss Control also assists in the identification of exposures for which avoidance is the most effective tool and is instrumental in providing guidance and advice to our clients in this area.
Through the complete use of all Risk Management techniques, inclusive of traditional Loss Control and strong interdepartmental work, we are able to provide a significant and positive impact on the financial well-being of our insureds. – less – More from ZoomInfo »