Risk Management

Risk management is at the heart of every captive insurance implementation yet for many clients, their senior management team may be unaware of the total cost of risk (TCOR).

The operating company should view management of risk as a process significantly more involved than merely purchasing traditional insurance policies. The risk management process generally begins with the identification and quantification of all exposures, perils and hazards existing in the organization.

The captive insurance company may insure against insurance risks for which commercial insurance cannot be obtained, and thus the captive can be an integral part of the organization’s risk management process.

Ultimately, the decision to transfer or retain risk is a financial decision.

Safe Harbor Risk Advisors provide risk management services to all clients as part of our turn-key platform. Our independent risk management partners rank among the preeminent risk management firms in the country. They do not replace the role of the property and casualty broker or the commercial carriers; rather, they are a highly skilled, independent firm that works with senior management executives to evaluate the risk management operation and effect positive change.

Safe Harbor Risk Advisors, captives are a proven complement to risk management.  They offer many benefits to our clients seeking to reduce costs, protect themselves financially, take control over how their businesses are insured, and experience a more predictable and consistent cash flow.