Commercial Insurance - Risk Management
Healthcare | Real Estate | Transportation | Non-Profits | Environmental
With specialized services in most industry groups, Eastern Insurance's Risk Management Department will help you protect your business assets and your employees. Our risk management department will work closely with you to identify your company's exposures to loss and recommend solutions for minimizing or eliminating loss sources. Our targeted areas of concentration include the healthcare, transportation, non-profit, real estate and environmental industries.
Depending on your needs, Eastern Insurance's Risk Management Department will provide the following services:
Risk Management Exposure Assessment:
We will perform an in-depth review of your business operations to identify potential sources of loss exposure.
Risk Evaluation:
Based on discussion with senior management, we will establish your appetite for risk and make suggestions on ways to eliminate, reduce or transfer risk before exploring the insurance options available.
Review & Analysis of Insurance Program:
We will perform a detailed review of your insurance program including a comprehensive outline of what is currently covered. We will analyze coverage forms including enhancements, exclusions, deductibles and retentions. We will present recommendations for program improvement.
Claim Management:
We will assist you in implementing an effective claims reporting system. Our services include monitoring claims for prompt and fair settlements as well as working with carriers to identify subrogation opportunities. Claim review meetings are scheduled on a regular basis.
On-going Services:
- Participation in merger and acquisition due diligence process
- Contract Review
- Certificate of Insurance Review
- Experience Modification Review
- Audit of retrospective rating, large deductible or retention programs
- Regularly scheduled policy reviews
- Alternative risk financing arrangements
- Coordination of loss control services
- Preparation of insurance specifications for marketing review and comparison of competitive proposals
- Loss analysis
- Registry of Motor Vehicles Services
- Present updates on insurance industry trends affecting your business
Service Delivery:
All Risk Management accounts have a rolling 12 month service calendar in place. We develop and implement a plan that establishes service benchmarks for ourselves and your insurance carriers.
To ensure that we offer the best service and value to our customers, we have direct relationships with respected national and regional commercial lines carriers with preferred access to many more in the commercial marketplace.
