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.

Beginning with an extensive risk management audit, a customized program is developed 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

Enterprise Risk

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.

Contract and Lease Review

We review the indemnification and insurance language in existing leases and contracts, including the scope of indemnification and hold-harmless language, requirements for waivers of subrogation on property, liability and Workers' Compensation, and appropriateness of insurance requirements.

Surety and Financial Services

The Jenkins surety department works with clients to develop specifically tailored bond programs. Surety companies are reviewed and evaluated for consistency in underwriting, capacity, ratings, stability, and rate economy. Clients are effectively represented to surety markets with assistance in bond request presentation, review of bond requests for appropriateness, and prompt, correct bond issuance.

Safety and Loss Prevention

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 programs targeted for special needs, including premises inspections, loss prevention recommendations, safety incentive programs, train-the-trainer and written safety/compliance resources.