Our Approach
We partner with your organization to develop and implement engineered insurance, loss prevention and risk management solutions designed to assist you in reducing your Total Cost of Risk and maximize your bottom-line profitability. From Risk and Exposure Assessments to Business Transition Plans, we serve all of our clients by securing tailored and competitive insurance programs to improve workplace safety and enhance profitability.
We help your business or organization accomplish this by following our unique, client-centric approach:
Analysis, Identification and Assessment - Utilizing a holistic approach, we thoroughly analyze your direct and indirect exposures to loss as well as your current loss prevention and risk management programs as part of a comprehensive discovery process designed to identify the best approach to ensure that your business assets are properly protected.
Collaborative Establishment of Goals and Objectives - Prior to approaching insurance carriers and service providers, we work with you and your Risk Management team to confirm the mutual goals and objectives to guarantee that the solutions we seek on your behalf will allow you to measure, monitor and manage in the most cost-effective manner possible.
Insurance Program Design and Development - Based on the particular risk exposures you have/may have to lose, we design a comprehensive program approach to ensure that the proper insurance program design, loss prevention and risk management services have been properly identified to help you drive down your TCOR.
Implementation - Having designed the risk-management program, we negotiate the best possible terms, conditions and pricing available in the market.
Continuation - As markets and risks change, we adapt the program design and implementation accordingly, while keeping you informed of the changes.
We are committed to helping our clients realize the most considerable benefits possible through active loss prevention or control, careful insurer selection, and optimized program design.
Cyber Insurance
In the 21 st century “cyber” risk has become the biggest threat to most organizations. Older insurance policies written for “brick and mortar” risks are inadequate to address these threats. Many insurers have developed a wide variety of coverages to meet these needs, but no two policies are alike. The Beacon Group’s advisors keep abreast of developments in this ever changing area, to find the most suitable cover for its clients.
Safety and Loss Control
There are many benefits to having a safe workplace. Employee accidents not only result in lost time and reduced productivity, but can increase costs of Workers Compensation insurance. For retail firms unsafe practices or hazards can lead to liability claims and even loss of reputation. While compliance with OSHA regulations is important, firms should go beyond them and follow best safety practices.
