At Brady Risk Management we create programs specifically designed to meet your needs.
By fully understanding our client’s management philosophy, operational goals, and objectives, as well as the exposures inherent in their daily operations, Brady Risk Management analyzes a client’s exposures and designs an appropriate Risk Management Program. Our risk management programs are specifically designed for the client and will protect the assets of the company by providing comprehensive coverages while consulting with toward a proactive approach to control and manage loss exposures.
Any broker can provide a quote or pricing on an insurance policy. However, it is the combination of services and additional loss control products and programs that allow our clients to better manage their losses and exposures. The end result is cost savings and a more effective use of premium dollars.
Choosing Brady Risk Management allows you access to a number of different services, disciplines, and tools that are unlike any other traditional insurance agency. Some of these tools that we utilize include the following:
- Awareness & Education
- Loss Control
- Claims Handling
If you are interested in learning more about how we can help you implement a unique risk management program for your company, we invite you to read more about our process and reach out at any point with further questions. We look forward to helping your company deal with the many risks that you face with a proactive plan for protection.
We Start With Identification
The first place we will begin with your company is with risk identification. We will work with you to map out all the possible risks you face. This is an in-depth process that goes far beyond just the obvious risks to your business. We pair our years of experience with technology and analytics to dive into the lesser known risks. Our goal during this stage is to ensure that no stone is unturned. The better you can understand the risks your business faces, the better you can prepare for them and improve your business to lower the risks you face. Each company has a unique set of risks, which is why this part of the process is tailored to your specific business. For example, a company that serves alcohol will face a completely different set of risks than a company running a construction site. Both businesses need to identify their risks, but the end map will look vastly different.
We Create A Custom Risk Management Program
Once we understand the risks your company faces, we can begin working on a custom risk management program for your business. This is where many companies fail to implement everything they could for success. For example, if your company is paying for a workers’ comp policy, that is only one part of the picture. You should also be utilizing a program, such as our CompCPR, that helps you catch fraudulent claims and take control of your claim management. In this sense, there are two components to the risk management program we help you create.
The first component of our risk management programs is risk prevention. This is an often overlooked aspect of risk management for many businesses. Owners often falsely think that their only option for risk management is to purchase insurance policies to protect them from risks that occur. This is a reactive stance rather than a proactive one. Here at Brady Risk Management, we believe you should take actions to help lower the risks you face, which in turn will lead to cost savings on premiums. We will work with you to find the areas you could improve so that you can prevent risks. A great example of this is when a startup doesn’t take the time to create employee policies and a handbook outlining these specific policies. Without this, the company is at greater risk for employment practices claims to be filed against them. Instead of just purchasing employment practices liability insurance, it would serve this startup well to create important policies that would actually protect them from these risks. We will work with you to find these areas where your company could lower risks to help you cut down on the amount you spend on premiums.
No matter how many improvements you make, the reality is that there are risks your company will face no matter what. For this reason, it is important to utilize the right policies to transfer that risk. If you do not have the right coverage in place, you could face massive losses to your company. We can help you with finding the right general liability insurance, property insurance, employment practices liability insurance, liquor liability insurance, cyber liability insurance, umbrella insurance, and more. Our goal is to ensure you have the best coverage possible at a price you can afford.
In this way, when you work with Brady Risk Management you will be offered a holistic approach to risk management programs. We offer a unique perspective and believe in driving economic benefits for your company through informed and intelligent solutions. Our goal is to ask the “what ifs” for you so that you can focus on running your business. The reality is that no matter how big, small, new, or old your business is, a risk management program will benefit your long-term success and growth. If you are interested in building a risk management program with our team, we invite you to reach out today to learn more.