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The cornerstone of any business is the plan it uses
to execute its intended goals. ALS will assist our clients in
creating a Risk Management Plan that will contain objectives,
timelines and responsibilities. We will take the information that
has been uncovered in the Risk Management Assessment and incorporate
it into The Plan.
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The Work-Group |
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The
Administrative Plan |
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The Claims
Management Process |
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The Risk Control
& Safety Program |
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Total Cost of Risk (TCoR)
There is risk associated with everything we do in life. In today’s world, business risk and the ability to quantify in dollars is increasingly important.
At The ALS Group, we look at your Total Cost of Risk (TCoR) as a quantifiable, controllable number that can be identified and reduced. Simply put, TCoR is the total cost of your insurance premiums, losses and cost for related outside services (attorney’s, safety engineers, etc).
Many providers take a one dimensional view that the cost of risk is, simply, premiums rather than all of the other components that influence risk mitigation for a program. We are committed to risk management. Our focus is one that a Company would get from their risk manager and not their broker. We believe this makes our perspective dynamically different. We focus on becoming your business partner to help you and your company identify and develop management strategies that will help reduce your TCoR and improve your bottom line.
Understanding your TCoR is a fundamental purpose of our
Risk Management Assessment (RMA).
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