Products & Services

Insurance

By definition insurance is the transfer of risk. It is a written contract that an insured and insurer enter into, to pay the insured or others on the insured's behalf, an amount of money, services, or both, for economic losses sustained from an unexpected (accidental) event, during the period of time the insured makes a premium payment to the insurer.

In the past, insurance was the traditional form of protection against loss for a company's assets and was a minor part of an organization's overall business strategy.

But the rising cost of insurance, changing economic conditions, new technologies, larger risks, and a changing legal environment cause more companies to make a priority of managing risk. Insurance is now commonly viewed as being one of a variety of methods for controlling a company's vulnerability to loss.

Currently, the risk management function has expanded in the corporate world. As stated earlier, insurance was the primary tool for handling risk, with risk being transferred through the payment of an insurance premium. Inadequate attention was paid in the past to other alternatives for handling a company's potential exposure to loss.

The methods of risk treatment: risk audit, loss prevention, claims consulting, and insurance combine to provide a comprehensive approach to proactively reduce your total cost of risk. You'll find links to the various insurance products we provide. If there is a specific coverage you’re looking for but don't find it here please email us and we'll be glad to consult with you.