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Risk &
Safety Management
What is MyWave?
Risk Management is a four-step process utilized by Summit Insurance to
identify, understand, implement and monitor the risk management strategies
for you and your business. Here, we briefly examine those four steps.
Step 1 – Identify Exposures
During this crucial initial phase, Summit Insurance will invest the time
to understand every facet of your business in order to help you and your
team identify the risks which face your business. By evaluating the
effectiveness of risk management programs, practices and resources under
"real world" conditions, we assure that your assets receive precisely
the right type of protections.
Step 2 – Define Strategies to Handle Risk
Once Summit Insurance has developed a thorough understanding of your
business, including your industry, corporate cultures and operating
procedures, we are ready to move to Risk Management, exploring a
spectrum of proven alternative strategies to minimize risk and reduce
insurance costs.
Step 3 – Implementation of Programs
During the implementation process we put in place specially tailored
programs and strategies designed to protect your assets while reducing
insurance costs. A strong belief in Summit Insurance’s process motivates
insurance companies to offer much lower costs on your behalf.
Step 4 – Ongoing Monitoring & Adjustment
You and your business are dynamic – what works for you today might not
work as well tomorrow. For this reason, Summit Insurance will continue
to monitor and adjust your risk management programs to ensure a perfect
fit as your business evolves and changes. This is where Summit
Insurance’s more comprehensive understanding of your business (see Step
1) can pay huge dividends, by enabling us to precisely tailor your
protection to fit the unique needs of your business.
Scope of Summit's Risk Management Services
- Risk analysis — an evaluation of all client operations, risk
control programs, safety and training programs and crisis
management.
- Review of current exposures in Property, Liability, Vehicle, and
Workers’ Compensation coverages.
- Analysis of accident/injury review process.
- Review of historical loss experience.
- Evaluation of risk financing options, including loss sensitive
and retention levels.
- Insurance program review, including workers’ compensation mod
worksheets.
- Preparation of specifications for carrier submissions.
- Carrier evaluation and bid analysis.
- Same day Certificates of Insurance.
- Periodic claim reviews.
- Risk management program development assistance.
- On-going Safety and Loss Prevention support.
Summit Insurance Group
108 Statesville Road,
Huntersville, NC 28078
PO Box 2485, Huntersville, NC
28070
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Phone: |
704-659-2141 |
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Fax: |
704-659-2148 |
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Toll Free: |
888-745-4634 |
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