Risk Management

What is Our Primary Goal?
At Body-Borneman, one of our major objectives as an organization is to help you, whether you are a business or an individual customer, to meet your risk management objectives.  In its simplest terms, we want to help you protect your assets and income flows at the lowest possible cost to your business and/or your family.  Our agents and risk managers work hand-in-hand with our accounts to achieve this goal.  We accomplish this goal through the risk management process.

What is the Risk Management Process?
Risk management in a business is the process of planning, organizing, leading, and controlling the activities of that organization in order to minimize the effects of risk on their capital and earnings. It is the art and science of controlling risk to a degree that is proportionate with the value of the assets being protected. One of the major benefits of effective risk management is the lowing of the business’s insurance costs in both the short- and long-term. Short-term savings come from premium credits; most businesses get more attractive premiums if they implement loss control programs. Long-term savings come from lower loss experience. The following is a list of activities that must be involved in a successful risk management process:

Management

Loss Control

Claims Management

Administration

We have included a description of some of the services our agency can offer to our clients through our Risk Management and Claims staff on the following pages:

• Risk Management Loss Prevention
• Risk Management Claims Administration
• Risk Management Articles