Intro
A Risk Management Audit includes a thorough identification and categorization of risk. This proven best practice allows Horton to gain intimate knowledge of your business, allowing for educated guidance. Our detailed Risk Audit Report provides recommendations that will improve your risk profile, making you more attractive to insurance companies. The benefits include:
- Uncover risks
- Validate input from key employees within your organization
- Improve your Risk Profile making you more attractive to insurance companies
- Allocation of risk management resources more effectively
- Reduce total cost of risk
- More productive employees that are safer, healthier and happier
Deliverables
- Executive Summary
- Detailed Report
- Risk Improvement Schedule
Process
The Horton Group’s Risk Management Audit is a four-step process that we use to identify, understand, implement and monitor the risk management strategies for you and your business.
Step 1 – Identify Exposures
During this initial phase, The Horton Group will invest time to understand every facet of your business. We will then help you and your team identify the risks facing your business. Next, we evaluate the effectiveness of your management programs, practices and resources to ensure that your assets receive the right type of protection.
Step 2 – Define Strategies to Handle Risk
Once The Horton Group has developed a thorough understanding of your business, including industry topics, corporate culture and operating procedures, we are ready to improve your risk profile.
Horton’s comprehensive understanding of your business will pay huge dividends by enabling us to precisely tailor a spectrum of proven alternative strategies to minimize risk and reduce insurance costs.
Step 3 – Implementation of Programs
During the implementation process, we craft specially-tailored programs and strategies designed to protect your assets, while reducing insurance costs.
Step 4 – Ongoing Monitoring and Adjustment
You and your business are dynamic – what works for you today might not work tomorrow. For this reason, at The Horton Group, we desire long-term partnerships with our clients. This allows for continued monitoring and adjustment of your risk management programs to ensure a perfect fit as your business evolves.
- Safety Audits and Observation
- Risk Assessments
- Claims Reviews
- Stewardship Reviews
- Risk Management Service Plans
- Pre-Renewal Strategy Sessions
- Human Resources/Employment Practices Audits
- Safety Program Review
FAQs
What does the Risk Management Audit Consist of?
Complete analysis detailing current exposures
Experience Modification evaluation and projection
Claim analysis and review
Contractual risk transfer audit
Safety manual and employee handbook review
Employee interviews
Site inspections
Who are the Best Candidates for a Risk Management Audit?
Although all companies can benefit from Horton’s Risk Management Audit, we have found that mid-sized, growing companies have the most to gain. These companies have complicated insurance, risk management, and employee benefit needs, yet they have limited internal resources.
The Horton Group is well positioned to serve as the outsourced risk manager for these companies.
