Limit the Total Cost of Risk and Improve Your Bottom Line.

SterlingRisk’s comprehensive approach to loss control services helps your business limit the total cost of risk and improve your bottom line. We specialize in key niche industries and bring an in-depth understanding of specific exposures from both functional and financial perspectives that other loss control consultants and insurance brokers simply do not offer.

SterlingRisk Insurance - Limit the Total Cost of Risk and Improve Your Bottom Line

Industry Challenges

How do I Create a Customized Safety Plan?

A SterlingRisk safety engineer develops a custom service plan for your business that addresses safety, training, OSHA and other issues. This proactive safety prevention helps save you money by reducing loss frequency and severity.

Your plan may include:

  • On-site loss control inspections.
  • Custom-tailored safety training.
  • Safety and loss control program development.
  • OSHA compliance assistance.
  • Driver safety program development.
  • Property valuation analysis, probable loss calculation and study.
  • Catastrophic exposure analysis.
  • Risk management and safety committee participation.
  • Insurance carrier recommendation reviews.
  • Internal and external total cost of risk (TCOR) benchmarking.

How do I Oversee Loss Control services Delivered by Insurance Carriers?

Working with you and your carrier, we help to ensure that your operation is evaluated properly for risk and that necessary management procedures are in place. Some of the services we offer include:

  • Review customer service plans to ensure they are appropriate for exposures and loss leaders.
  • Monitor quality of delivered services. (Do they track with identified loss control needs and action steps described in the Customer Service Plans?)
  • Assist with loss control recommendations submitted by carriers. (Are these relevant, practical and achievable? Do the recommendations reduce risk in a meaningful manner? Does the carrier provide risk improvement support to help you comply with submitted recommendations?)

How do I Develop a Management Accountability System?

We will help you develop and implement a loss control accountability system that measures both leading indicators (e.g., safety program activities) and lagging indicators (e.g., number and cost of claims) for each of your locations.

How Can I Create a Disaster Preparedness Plan?

We provide resources to allow you to evaluate your natural hazard disaster readiness/preparedness plans. These resources will help ensure that each of your locations has practical information to prepare in advance for potential severe storms involving high winds and flooding.

Industry Specialist

Steven Markowitz

Director of Risk Control

Steve serves as Vice President / Director of Loss Control, developing and delivering loss control programs for clients and overseeing loss control activities provided by insurance carriers. He advises clients on how to reduce risk in traditional lines of business as well as emerging areas such as workplace violence preparedness, cyber liability and natural disaster planning.

P | 516-773-8717

E | SMarkowitz@sterlingrisk.com

Steve Markowitz - Customized Insurance Solutions for Your Lifestyle

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