This is the third installment of five blog posts that summarize the 25 quick tips from my eBook, “Insurance Premiums Are Killing My Business." This risk management ebook is a great start for small to medium-sized business owners that are curious about starting the risk management planning process.The tips below have been written with small to medium-sized businesses in mind, although the same principles should be employed by very large businesses.
Click here if you want to review risk management tips 1 – 5 before going on. Click here to read risk management tips 6 - 10.
11. Use your broker to help you with the claim process
Your broker can give you advice on the claims process, act as an advocate for you with your insurance company, and help you compile claim documentation.
12. Risk mapping is an important tool
It will organize your risks in a way that allows you to identify the more common and serious risks so that you know the areas to which you need to commit resources. Customizable risk maps are available through ClearRisk.
13. Employ risk management techniques in all business decisionsConcentrating on risk management when making business decisions will ensure that risks are factored in before resources are committed.
14. Invest time and money in safety and loss preventionInsurers look very favorably upon businesses that take safety and loss prevention seriously! This can often result in yearly premium savings, not to mention the savings achieved if losses are prevented.
15. Insurance certificates are an effective method of risk transfer
Forward requests for insurance certificates to your broker. Ask your broker for advice on both the certificates that you request and the certificates that are requested of you. By employing these risk management tips, you'll be able to dramatically reduce your insurance premiums and risk-related costs.
These tips and more are covered in the full risk management eBook, “Insurance Premiums Are Killing My Business." For more information on ClearRisk's system,
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