Jenkins Insurance Group

Risk Management

The commercial property and casualty insurance specialists at Jenkins help identify, evaluate, reduce and manage risk throughout your business. By combining traditional risk management methodology with Enterprise Risk principles, clients receive specifically tailored solutions that are truly effective.

Many clients have progressed beyond traditional insurance to understand and appreciate an integrated approach that focuses on four quadrants affecting their business: financial, strategic, hazard and operational risks. A collaborative plan is developed to mitigate the total cost of risk and reduce indirect costs that fall outside of traditional insurance exposures (and traditional broker's services). These include: loss of use; lost contracts, productivity or customers; investigation and legal expenses; worker replacement; temporary staffing; supervisor's time; and damage to brand and reputation.

We begin with an extensive risk management assessment, a customized process with five key components:

  • Risk Identification: the inventory of the threats facing your organization
  • Risk Analysis: a detailed examination of exposures vs. historical loss data, with the goal of identifying patterns, loss drivers and causation
  • Risk Control: specific strategies to avoid, prevent and reduce exposure to loss
  • Risk Financing: options for retention and transfer of risk
  • Risk Administration: ongoing evaluation of your program

For many of our clients, this assessment reveals the need customized safety and loss prevention strategies.

Working with our clients, Jenkins Insurance Group develops individual safety and loss prevention programs that can prevent accidents or reduce their frequency and severity. Our affiliated licensed engineers design and administer plans targeted for special needs including premises inspections, compliance audits, safety incentive programs administration and train-the-trainer safety workshops.