Risk Transfer is a risk management strategy to protect your business that involves the contractual shifting of pure risk from one party to another. One example is the purchase of an insurance policy by which a specified risk of loss is passed from the policyholder to the insurer.
Brady Risk Management has a variety Risk Transfer Products
that are structured to increase earnings through risk management.
While a Guaranteed Cost Insurance Product is most common, the other Insurance Products should only be deployed with extensive exposure and loss analytics as well as implementing a variety of Risk Management Tools and Solutions to protect the financials of any company looking to increase the amount of Risk they are willing to assume.
Types of Risk Transfer Products – Insurance Policies available but not limited to are:
- Guaranteed Cost
- Excess Workers Compensation
- Loss Portfolio Transfers