Our comprehensive approach to risk management includes customizable risk control services in the areas of Human Resources, Safety, and Claims Management.
Risk Control Department
The total cost of risk is greater than the cost of insurance or the cost of individual claims. Indirect costs include the costs of low productivity when a firm hires the wrong people, the cost of low productivity when staff are out due to injuries or investigations, and the cost to train replacement staff or re-train existing staff who can’t continue in their previous positions. Organizations need to consider the risks of losing good business relationships due to bad liability claim entanglements or poorly negotiated contracts, as well as the ever–present challenges of financial and succession planning.
Not every risk should be insured. Insurance is an expensive product that can never cover every business exposure, and becomes more expensive and less available after you use it. This is why Cavignac has invested in a team of Risk Control experts to help your organizations consider everything that can be done from a Human Resources, Safety, Claims Management, Contractual Risk Transfer, and Financial Risk Management perspective before you consider transferring risk to an insurance company.
If we do our job right, insurance placement day will be a very small and easy piece of the puzzle.