Risk Management | Lloyd Sadd
Skip to Content
Toll-Free: 1.800.665.5243

Risk Management

We strive to be your expert advisor and strategic partner. Without an intimate understanding of your operation, we would not be in a position to offer the expertise you should expect from your broker.

We Listen. We Think. We Deliver.

Proper risk management is critical to understanding the intricacies of your internal and external environment and operations.

The first step in achieving this objective is to conduct a risk review. We propose an executive planning meeting to gain a deeper understanding of your organization, its philosophy, risk appetite, and risk management goals. We also need to meet and introduce ourselves to your key staff and define roles and executive reporting protocols.

Once we have an understanding of your business objectives, we will review your insurance program to ensure it is in line with those objectives and congruent with your risk appetite.

The coverage review is a very technical analysis of your current insurance program and identification of areas for improvement. This will include a review limits, structure and deductible levels and include a benchmarking exercise, which will be a series of graphs and information from various industry-specific sources.

The findings of the coverage audit will be collected and presented in a document, which will include an outline of the current coverage, any applicable gaps in coverage, and recommendations or solutions. The recommendations will be collectively discussed, prioritized and tracked to ensure they are implemented appropriately.

The process will be broken down into phases allowing appropriate time for each step. Accountability will be assigned to ensure the transition is carefully planned out in advance and the process is simple and smooth.

Lloyd Sadd Risk Review Process

Phase One:
Uncovering Issues
We Listen.

Risk Identification

  • Executive Planning Workshop
  • Gathering of relevant information
  • Contractual requirement review
  • Identification of risks:
    • Legal
    • Physical assets
    • Human capital
    • Financial
    • Operational
Phase Two:
Analyzing & Developing Solutions
We Think.

Risk Allocation

  • Insurance coverage audit
  • Gap analysis and identification
  • Program benchmarking
  • Retention and transfer options
  • Market intelligence and broking strategy
  • Program structure
  • Alternate risk management techniques
  • Resource allocation and deployment
Phase Three:
Reducing Your Total Cost of Risk
We Deliver.

Risk Mitigation & Risk Financing Solutions

  • Optimum insurance and risk management program
  • Education
  • Contractual risk review
  • Sector expertise
  • Exclusive industry risk management resources
  • Coverage negotiations and placement
  • Service and project commitments outline
  • Results