KMRD's risk control coordinators provide loss prevention services to supplement those which are offered by our insurance company partners including:
Inspections
Training
Education
Coordinating our insurance carrier's service commitment
Analysis of loss trends to establish risk management initiatives
Enterprise Risk Management Approach - Our risk control process begins with an assessment of your operations, from a safety and compliance perspective. In addition, we address other risks to your balance sheet.
After the assessment we identify initiatives with your input and establish a “Risk Management Initiatives Worksheet”. This worksheet:
a. Documents mutually established Risk Management Initiatives.
b. Sets Completion goals.
c. Documents the accountable parties at each step.
d. Becomes the monitoring and follow-up mechanism for progress.
Our mutual accomplishments then become part of a stewardship report for both you and the insurance company underwriters. Your company not only improves from a risk perspective, your accomplishments improve our story to the insurance marketplace, which results in broader coverage and reduced premiums.
Our risk control advocates will assist you in review and design efforts to reduce future claims and compliance related risks utilizing the process described above. We do not only offer recommendations; we also will “roll-up our sleeves” to assist you in the development and implementation process.
Our goal is to assist in creating and implementing programs that favorably impact loss experience and minimize the cost of risk.
Testimonials
Thanks so much for participating in today's event. Your sessions were very helpful (I heard "eye-opening" and "frightening" on the contract review). The drug & incident session was equally informative for the managers and our impromptu "special session" really engaged the entire group for PPE & driving habits. We truly appreciate the time you all devoted to making this training effective as well as fun for our entire staff. CFO's response to KMRD's involvement in training their employees in Contractual Risk Transfer and Safety Issues
"We love working with Jane, she is a great resource" CFO of a company with complex safety and risk management needs commenting on KMRD loss control support
"My thanks and appreciation to Rebecca, Eileen and Jane for persevering through this difficult process. The end result is not just about successfully receiving Exxon's approval, but more importantly about making meaningful improvements in our field service safety program. I believe we have done that and more. Thanks" National Sales Director of a $12 Million high risk products manufacture. This is a thank you to KMRD for assisting them in obtaining EXXON as a client. KMRD was a large piece of this company's ability to develop a Field Safety Manual that met Exxon's strict requirements
"Congratulations Jane!!!! We obtained a letter stating that the dept. of Labor & industry has approved our application for Certification for Workplace Safety Committee. Thank you so much in all of your efforts for assisting us in this certification process!!!!!!!" This message was sent to from a risk manager of a social services agency that assists troubled children. KMRD was key to their success in earning a Safety Credit of 5% for the first time in the company's history. This effort will generate a ROI of approximately $10,000 (5% of $200K) in the coming year alone. Over 10 years this may accumulate over $1M!!!!
"Thanks for your great insights. I have noticed a few of the same things, but coming from a third party is often the kick we all need." CEO of a $40M national distributor of safety products and services – Email to Jane LaGreca of KMRD on her safety efforts
Sales
and Relationship Manager