Risk control is the science of reducing loss exposure that reduces the number of loss incidents and leads to better treatment in the marketplace. Both are key to lowering to total cost of risk, and both are delivered by our Property Risk Control and Engineering Services and our Casualty Risk Control practices.
Property Risk Control and Engineering Services
- Property risk advocacy to assist you in understanding specific exposures from both operational and financial perspectives
- Translation of engineering results into quantifiable business language
- Risk analysis and risk planning assistance
- Interpretation of insurance carrier concerns
- Project management assistance to develop specifications for HPR insurability and recommendations for cost-efficient solutions
- Verification of property (COPE) data for marketing
- Business continuity planning
- Negotiation of risk improvement plans and third-party engineering services
- Utilization of state-of-the-art modeling software, developing PML figures and annual aggregate loss projections for the perils of catastrophic events
Casualty Risk Control Services
- Workers compensation safety program development and implementation
- Assistance with OSHA compliance
- Product liability risk control consulting
- Construction safety services
- Workforce vitality
- Ergonomics evaluations
- Cumulative injuries/repetitive motion injury and exposure assessments
- Customized training programs
- Motor vehicle programs
We use integrated consulting and technical claim and risk control services to help lower the total cost of risk (TCOR). Our claim and risk control team can help clients increase ROI in their business, people and properties. WTW’s experience and resources can help:
- Get claims paid quickly, efficiently and appropriately
- Prevent and mitigate loss and exposure to loss
- Contain a loss, should one occur
Our service delivery platform can manage the simplest to the most complex exposures by employing tactical, technical and strategic methods, supported by powerful customized analytic tools.
Tactical services
- Claim reporting
- Claim monitoring
Technical services
- Claim advocacy
- Complex claim resolution
- Loss mitigation
- Project-specific loss control consulting
Strategic and consultative services
- Risk planning
- Risk assessment
- Consulting
- Data analytics
