SCM invests the necessary time to learn about your operations, in addition to getting to know you and your employees.Our goal is to understand the drivers behind your financial success and business plan. We assess your historical costs related to risk management, including insurance premiums, claims, overhead expenses, risk tolerance and exposure to loss.
Armed with this information, we structure the most cost- effective risk management program and secure the most advantageous coverage for your company. More importantly, we deploy our experienced team of professionals to reduce your exposure to claims. When claims do occur, we aggressively work to limit their overall costs -- both direct and indirect.
Our comprehensive Commercial Risk Management services include (click item for detailed description):
- Property & Casualty
With an eye toward your return on investment (ROI), we present customized programs that allow you to balance the comprehensive coverage you demand with a budget you can live with. Our process involves:
- Designing coverage programs specifically for your company after completing a thorough risk management review to identify gaps in coverage, coverage limitations and misspent premium dollars.
- Analyzing typically overlooked exposures, such as leases, customer contracts and other binding agreements
- Evaluating your exposure to financial loss from both traditional sources and non-traditional sources, such as Cyber Liability and Credit Risk.
(click Property & Casualty to close description)
- Workers' Compensation
There is no "typical injury." However, the typical indirect costs associated with a workplace injury can be three to four times the direct costs for which you are insured. In addition to placing the best workers' compensation policy for you, we:
- Analyze your operations and experience, then implement procedures to identify and limit both direct and indirect costs.
- Work proactively to minimize lost time and injury-related expenses, ensuring your claims are closed as soon as legally possible.
(click Workers' Compensation to close description)
- Directors & Officers / Employment Practices Liability
D&O and EPLI coverages often are misunderstood and overlooked. We apply our expertise to develop and implement programs to ensure both your personal and corporate assets are protected against these unique exposures.
(click Directors & Officers/Employment Practices Liability to close description)
- Risk Control Services
Preventing losses before they happen is critical to maximizing your profitability. From personal safety to plant and equipment compliance, nothing is left to chance with our creative and proven process. We:
- Deliver a comprehensive audit of the exposures unique to your business, summarized in a written plan.
- Implement customized Risk Engineering, including Safety Programs designed to prevent lost time injuries.
(click Risk Control Services to close description)
- Claims Management Services
When claims do occur, our teams of Property & Casualty and Workers' Compensation claims experts ensure timely and professional handling and settlement. From reporting claims to monitoring activity and ensuring accuracy, we make it our job to take work off of your desk by:
- Proactively scheduling regular claim review meetings with both current and prior carriers.
- Working closely with the carriers to establish strategies for timely claim closure and fraud reduction.
- Keeping you informed of the current status of claims via our detailed electronic management reports.
- Applying decades of professional claims experience to ensure you get the most favorable outcomes possible.
(click Claims Management Services to close description)
- Surety Bonding
Bonding requires real-time solutions. We provide the bonds you need, typically within 24 hours, through our:
- Power of attorney with a wide range of surety companies, enabling us to issue bonds directly from our office.
- Strong relationships with multiple surety companies, providing you with a full spectrum of services and comprehensive bond programs.
(click Surety Bonding to close description)
- Specialized Industry Programs
Recognizing that every industry faces a unique combination of risks and challenges, we have done our homework and structured programs that address these needs by:
- Developing and implementing unique policy language and endorsements specifically for our customers.
- Offering customized programs to meet the exposures unique to you.
(click Specialized Industry Programs to close description)
- Alternative Risk Solutions
Insurance is only one of many approaches to risk management. Following a comprehensive Risk Management Review, we consult with you on cost effective methods to reduce your company's risks, such as:
- Risk Transfer Programs
- Risk Retention
- Captive Risk Programs
- Self Insurance
- Layered Coverage Programs
- Large Deductible Programs
- Retrospective Policies
- Small Deductible Programs
- Guaranteed Cost
(click Alternative Risk Solutions to close description)
