
Risk Assessment
What is Vendor Management?
We work with senior management to prepare an insurance portfolio that addresses the company’s top risks. By asking the right questions about the company’s current structure and gathering detailed benchmark data with comparisons against similar organizations, we can develop an appropriate action plan that keeps you protected. Our analysis not only ensures you have the right level of insurance, it also evaluates additional opportunities to manage risk in other ways, so you can reduce your overall insurance costs.
For more information on how our vendor management analysis helps structure a solid risk management portfolio, contact us.
What is meant by Internal Controls
Internal controls are processes, metrics, procedures, and schedules of authorization, that allows management to track and report on the financial impact of you risk management program.
With proper internal controls you will be able to determine if: your corporate insurance management processes are efficient. Whether they make Sarbanes-Oxley compliance difficult.
Stauber Associates’ expertise cane help to access and update your processes to fit today’s management complexities.
We analyze your internal controls framework to ensure your operation meets regulatory standards. By thoroughly reviewing financial transaction security mechanisms, we can adequately prepare you for the requirements mandated by Section 404 of the Sarbanes-Oxley Act. Also, by taking a step beyond a typical analysis of your internal controls over financial reporting (as mandated by Section 404) to include risk-related issues as well improves your company’s ability to manage risk consistently and create value.
For more information on how our internal controls assessment can help save you money, contact us.
What is so important about Catastrophic Planning?
The best time to prepare for a catastrophe is before it happens. From natural disasters to health pandemics, companies both large and small depend on a properly structured risk management operation to protect themselves from the financial impact of property, liability, human resource and net income loss.
We help you devise a complete, proactive strategy that involves all the critical components of managing catastrophic loss:
- Defining objectives, responsibilities and reporting requirements
- Identifying critical issues and expert needs
- Assembling a crisis management team
- Managing publicity
- Handling claims
And we also are there when you need us if your disaster plan is put in motion, arriving to the scene quickly and assisting in the management process. For more information on how our planning and management skills can prepare you in the event of a catastrophe, contact us.
What is a Claim Operations Process Design?
We analyze your claim organization, operational processes and technology usage thoroughly, then recommend a solution specifically suited to your company. You’ll gain efficiencies and cut costs through a properly structured claim management process.
A thorough claim organization analysis determines where changes can be made to produce lasting impact on cost and efficiency. For example, we’ll assess your …
- personnel allocation,
- communication design,
- process bottlenecks,
- reporting requirements,
- outsourced vs. in-house processes,
- cost savings programs and,
- training and development curriculum
… then make recommendations designed to improve your company’s ability to manage risk consistently and create value.
Improve your processes from the start of the claim, and you’ll have a better result in the end. For more information on how our claim handling analysis services can help save you money, contact us.
What is Claim Management?
Over the years, we've customized claim and litigation management solutions for virtually every business environment, from run-off businesses to specialty lines such as construction, energy, environmental or financial. Our comprehensive programs give direction in areas such as:
- Claim handling (with detailed claim file audits)
- Reserve Analysis,
- Process and performance analysis
- Vendor/third-party administrator supervision
- Metrics reporting and analysis
- Change implementation
- Best practice development
- Resolution strategy
Our thorough approach involves interviews, claim file and litigation document evaluation, claims system analysis, resource allocation and personnel reviews. We then make recommendations designed to improve your company's ability to manage risk consistently and create value. Contact us at (215) 255-5747 to see how we can improve your bottom line.