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Ultimately, the cost of an insurance programme will always reflect the effort that has gone in to consistently control loss and risks and threats.
Providing an intensive, value laden, year round service is demanding, both in terms of time and resources, but our clients need and deserve it.
So, unlike insurance brokers who have the habit of being in touch just at the annual renewal time, we are always ahead of the game with you, offering strategic solutions which can be as sophisticated or straightforward as you need, but always effective.
Quarterly Reviews
Quarterly reviews are the corner stone of our service.
The regularity of contact means that you are always up to date with your insurance
programme, claims and risk control projects and we are always informed of the
changes affecting your business. Quarterly reviews also produce many spin off
initiatives - spotting claims trends and taking specific action, implementing a training
programme for your staff, devising a business continuity plan, analysing the risks
attaching to a proposed new venture and a whole myriad of different scenarios.
In most circumstances, quarterly claims reviews are held separately from quarterly
business reviews - the attention needed to both can be diluted if they take place at
the same time and, in most cases, the people we need to see for each review either
differ or include additional people.
Both business and quarterly claims reviews achieve the same objectives:
* We become your external risk managers
* Massive depth of mutual knowledge
* No unwelcome surprises for you (the cost of your insurance programme will be
established and the strategies to reduce cost will be constantly developed)
Loss Management and control
Ultimately, every company involved in the insurance industry will be judged on how
they respond to claims and loss, and that is why we have built very significant
resources to manage our clients’ claims.
By employing people who were loss adjusters (who act on behalf of insurance companies),
we are able to provide our clients with an equaliser - as poacher turned gamekeeper our
people are able to stand in your shoes and fight your corner for prompt and equitable
settlement of claims.
Through the quarterly claims review system, we ensure that you are always in control -
our clients do not suffer the surprise of learning about claims paid to employees or third
parties when their renewal comes round, they are always aware of the strategies
being employed on each and every claim.
Health & Safety management
As your external risk manager it is crucial that we are involved with your
health and safety management:
It allows us to advise you on any areas which need attention
It provides us with information which can help defend against injury claims
It helps us sell your risk through to Insurers by highlighting the loss prevention
work carried out in certain cases, our audits lead to our subsidiary company,
Instil Consulting Ltd providing hands on implementation of health and safety management.
On many occasions, we have been able to obtain Insurance Company funding for risk
improvement work - they also benefit from such initiatives after all.
Disaster Planning
Our brief as your insurance broker and external risk manager goes beyond insurable risks.
We have a software based risk analysis tool that identifies weak areas in the management
of risk over a broad range of subjects.
Once the initial audit is done, we can manage the necessary improvements coming
out of the report - an annual audit then identifies progress.
Disaster Planning/Business Recovery software is also available to provide our clients
with a fully documented, dynamic plan.
Our Remuneration
The old basis of remuneration - taking commission from the Insurer provider - has now
become utterly incongruous for the sophisticated buyer of insurance and risk services.
For our corporate clients, Beaumonts completely divorces our remuneration from the
cost of the insurance programme to eliminate the inevitable conflict of interest that arises
when the two are linked - why would a commission based broker want your
insurance cost to reduce?
In addition, a separate, identifiable fee allows you to judge our value - you may believe
you get a good service from your broker but that view can be utterly changed once you
realise how much it costs!
