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PRE-LOSS: ASSET PROTECTION & RISK ASSESSMENT

Risk Worldwide offers a suite of services which are delivered by experts and designed to protect corporate and sophisticated policyholder assets. There is nothing quite as devastating as the unexpected and unprotected event. As risks continue to evolve, resulting in financial and legal ramifications, Risk Worldwide works to resolve the adverse effects created by unknown or unsupported risks, before they occur.

Risk Worldwide’s goal is to ensure that when the unexpected occurs, our clients are prepared and their assets are well protected.

We offer the following services: • Assess whether your company’s risks should be maintained
by the company or transferred to best protect
corporate value. For example, the effect on the bottom
line when capital is reserved for risks retained versus
freeing that capital and obtaining tax deductions by
transferring the risk via traditional insurance or a captive.
• Determine the best transfer method: whether insurance,
captive or alternative financing vehicle. Then we
assist in the determination of the type and amount of
coverage.
• Provide suggested manuscript language so that your
insurance coverage is tailored to special interests of
your business.
• Depending upon the chosen risk transfer vehicle, our
consultants work with you to ensure that your
company’s risk is appropriately transferred and that the
captive, insurance or alternative vehicle is in place.


Risk Management Outsourcing: Risk management

professionals who can handle the risk management functions of your company on an “as needed” basis, thereby reducing your cost of carrying that experience in-house.

Risk Protection Plan – 5 Steps to Protect Your Assets
• Gather asset, risk and policy information.
• Evaluate your current insurance program.
• Provide a Risk Report to reduce your company’s risk
and close insurance gaps. Our Report includes recommendations
and an insurance profile customized for
your business or circumstances.
• We work with your broker to ensure the Program is
implemented and gaps in coverage are closed.
• We provide a digital backup for easy access and storage
of your insurance documents so that in the event of a
loss you do not have to search for your important insurance
information. We prompt you prerenewal to
trigger your insurance review before submission.

Risk Assessment and Identification
We assist our corporate clients in identifying risks by
providing a comprehensive survey and analysis. We
provide a “Critical Risk Pocket” Report discussing the
identified risks and their potential effects.

 
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