There are inherent risks in every business.  How do you identify and manage those risks, protecting the assets of your company in the most prudent and cost-effective manner?  At Van Wyk, our goal is to mitigate risk, reduce claims, and prevent lawsuits for our clients.  We do this by designing a comprehensive risk management program that best addresses your exposure and risk appetite.

 

The Essence of Risk Management

1. Identify and analyze your exposure to risk
2. Examine feasible risk management techniques to handle exposures
3. Select the most appropriate techniques to handle exposures
4. Implement chosen risk management techniques
5. Ongoing and proactive monitoring of results; Amend techniques as necessary

 

What you can do with the risks you face:

 

Avoid Risk – Don’t do something that exposes you to a risk. 

Reduce Risk – Implement safety and quality standards. 

Retain Risk – Own the financial responsibility for your risk. 

Transfer Risk (non-insurance) – Pass risk back to the responsible party.

Insure Risk – Maintain insurance that will cover losses associated with the incurred risk of doing business. 

 

 

Insurance is part of the risk management solution and is typically the final technique applied after the risk has been minimized by other means.

 

Van Wyk offers many specialty risk management services including:

 

Actuarial Acquisition & Due Diligence Risk Management Assessment Alternative Funding Benchmarking Business Continuity and Disaster Planning Captive Program Placement & Management	Customized Certificate of Insurance Management Solution Patent Infringement Risk Management Consulting Risk Mapping Risk Transfer Programs Self-Insurance