RISK CONSULTING SERVICES

Risk Consultant Group (“RCG”) is one of the nation’s largest independent risk management and insurance consulting organizations. RCG’s MISSION is providing safeguards, analysis, processes, and protection throughout our client’s operations.  RCG was founded to protect and foster the growth of a key hero of American society: those enterprises creating value, providing employment and opportunities for personal and professional growth. These entities are an essential bedrock of our economy and society.

RCG applies a planned and structured approach to assess various organizational risks. Many organizations do not realize the extent of their exposure until significant losses have occurred. Regretfully we have observed numerous new clients advising that they had not recognized areas of exposure until they had been served with a Summons and Complaint. At RCG risk exposure is reality. Loss is unacceptable.

It is imperative to safeguard against risks, both known and unknown. We deem it crucial to provide C suite decision makers with strategic information and perspectives for current decision making and strategic planning as well as for compliance and loss prevention functions.

For over 25 years RCG has provided highly integrated risk programs to Fortune 500 and smaller organizations. We approach each engagement differently to accommodate each client’s unique needs. Our capabilities include:

  • Supervision of Insurance Products: providing cost control, comprehensive coverage, management, education, and supervision of brokers.

  • Captive Management Services: captive insurance program management.

  • Claims Services: business interruption reviews, complex claim resolution.

  • Actuarial Services and Reserving: actuarial consulting for reserve reviews and captive feasibility.

  • Alternative Risk Transfer: utilizing traditional insurance markets as well as tailor-made risk financing solutions.

Risk Management and Insurance Consultant Audits

A Risk Management and Insurance Audit: a general “Health Exam” of a client’s organizational risks and insurance program will determine acceptable and recommended areas of improvement.

  • Identify and quantify risks.

  • Evaluate the existing insurance program and recommend optimal programs – coverages/limits/deductibles.

  • Determine cost competitiveness.

  • Provide action-oriented recommendations.

Quick Check Review Insurance Consulting Focused on Restructures, Private Equity, Mergers and Acquisitions

The Quick Check Insurance Review responds to the current economic environment which demands a lasered review and implementation of cost and coverage enhancement opportunities. This Review provides a unique results and bottom line oriented evaluation and implementation process with a focus on reducing and minimizing insurance and self-insured costs and determining the adequacy of insurance coverage. RCG:

  • Determines immediate and longer-term cost reduction opportunities.

  • Evaluates prior, current, and future operations and associated risks.

  • Determines insurance coverage adequacy and requisite enhancements.

  • Implements cost reduction and insurance coverage enhancements.

Organizational Focus:

  • Restructures.

  • Bankruptcies.

  • Private Equity Opportunities.

  • Mergers and Acquisitions.

Cost and Coverage Focus:

  • Determining and quantifying immediate and longer term insured and self-insured specific areas of cost reduction.

  • Evaluating prior, current and future operations and associated risks.

  • Determining if insurance coverage is adequate and identifying any requisite revisions.

  • Implementing cost reduction and insurance coverage enhancements which will have an immediate and longer-term cost protection impact.

Insurance Cost, Coverage and Claim Focus Areas:

  • General Liability.

  • Auto Liability.

  • Business Interruption.

  • Environmental Liability.

  • Excess Liability.

  • Property Insurance.

  • Business Income.

  • Rental Value.

  • Directors and Officers Liability.

  • Workers’ Compensation.

  • Products Liability.

  • Construction Defect Liability.

  • Employment Practices Liability.

  • Extra Expense.

  • Transit.

  • Health Benefits.

  • Retirement Programs.

  • Claims Audits.

  • Claims Management.

Insurance Renewal Consulting:

Comprehensive insurance coverage and competitive premiums are obtained through a strategic insurance renewal marketing process.

  • Prepare encompassing Insurance Renewal Specifications.

  • Working closely with selected prime brokers and insurers to obtain the broadest coverages and lowest prudent premiums including the education, monitoring and management of brokers and carriers.

  • Present renewal coverage and cost exhibits and reports.