Risk Management Services

The business world we live in today is no longer a simple pace.  Technology, advances in processes and demands for increased productivity and profitability have contributed to an environment where risk is accepted as a normal cost of doing business.  Protecting and preserving the assets and earning ability of our clients' business often requires special risk management techniques.  The mere act of selecting a risk financing option to protect against loss is only the first step in this important process.

Wilson Insurance believes the basic goal of Risk Management is to protect corporate assets and profits by reducing the potential for loss before it occurs. While initially applied to managing insurance costs, the discipline today has been broaded to include the identification, quantification and management of risks from an enterprise-wide perspective.  Our practical experience has shown that successful risk control measures may be as simple as providing safety goggles to a machine operator or as complex as designing a complete risk management program for a multi-province company. Effectively done, risk management whether through planning pre-loss activities, preparing the organization for losses or executing post-loss activities, offers a thorough and efficient approach to address the expenses of potential losses facing organizations.

Our specialized team, at Wilson Insurance, provides consultative risk management, safety and loss control services to corporations, institutions and nonprofit organizations.  With over 40 years of qualified hands on practical risk management experience, we work with our clients to tailor responsible and efficient risk management programs, in industries as diverse as agriculture, construction, manufacturing, technology equipment and transportation. The Wilson team is always ready to respond to the risk management and insurance challenges of your business.

The Process

Risk Identification:   Identifying an organization's human, financial, legal, material, and environmental exposures to loss.
Risk Analysis and Evaluation:   Measuring exposures to project the potential frequency and severity of future losses.
Risk Elimination or Reduction:   Identifying techniques and strategies to eliminate or avoid exposures to loss; reduce the potential for a loss to occur; or control cost should a loss occur.
Risk Finance:   The method by which the cost associated with exposure to losses is funded or transferred (self-insurance, insurance or non-insurance).

Risk management service offerings include:

• Review of risk management program activities
• Coordination and review of insurance company loss control activities
• Guidelines for practical implementation of insurance company recommendations
• Development of workplace safety programs
• Development of fleet safety and driver training programs
• Hazard recognition surveys
• Risk control options for environmental liability
• Basic information on crisis/disaster planning
• Consultation on installation of fire protection systems