Loss Control & Risk Management
Adverse liability trends are policyholders major concerns. Negative loss experience may point to emerging exposures which are not yet noticed, incurred but not reported (IBNR). Extant's risk consultants complete on-site loss control assessments, identifying areas to track and implement containment for further reductions. We can examine your construction contracts and in most cases we may provide your firm with information for important liability protections.
Contractual legal pass-through and other language modifications may be drafted in favor of the policyholder. Other containment strategies for (liability and expense management) may also prove to reduce risk and balance resources. Proactive initiatives address readiness for the future, reducing costs.
In today's world of data mining and intel, companies should capture and analyze information for their benefit. Size and volume of the firm should not preclude this effort as it is a valuable asset. Dismissing data retention can be economically devastating. Our consultancies flag and target areas to watch for, minimizing spending and reducing waste. The goal is to reduce risk adversity by analyzing and predicting probable trends to control outcomes.
Methodologies
We utilize engineering surveys, operational data, look at potential for risk and recommend selective measures to address it. Human capital factors are weighed in, and we conduct reassessments. A "loss control analysis", may lead to drafting contract modification language to better protect your firm's operations from liability, in construction contexts.
We would be happy to review "contracts" for pass-through language modifications. Call us for more information in this area.
Office: (800) 851-1470
Call: (201) 951-302
TEXT-(201) 951-3028
E-mail to: Submitwork@ExtantClaimsLitigation.com
