LicataRisk Advisors is a risk management consulting and insurance advisory firm.
That means that when you hire us, we become your advocate and can do the following for you:
The first thing we’ll do is learn about your organization, its assets, operations and exposures to loss.
Next, we’ll work with you to identify areas where losses can be prevented and help you develop safety, security and other loss prevention programs. We will recommend outside specialists where needed.
Unfortunately no matter how diligent you are, some risk is unavoidable, but you don’t always have to face it alone. Sometimes you can transfer risk to your trading partners, including customers, joint venture partners, subcontractors and others. We’ll work with you to identify the likely candidates and structure a program where they indemnify you in the event of loss, thereby saving you money.
We’ll design an insurance program that addresses your risks, but excludes unnecessary coverages that inflate your premiums. We’ll prepare all the specifications for distribution to brokers and insurers, review and negotiate incoming proposals and help you select the one that’s best for you. Then we’ll review policies when they are issued to make sure they comply with the proposed terms and conditions. Because we are independent of the insurance industry, we’ll even advise you when it is beneficial to consider self-insurance, captives or non-insurance solutions.
In addition to those services outlined above, we offer the following:
- Evaluation of insurance agent or broker services
- Insurance claim negotiation
- Claim audits
- Insurance program monitoring and management
- Ongoing risk management consultation
- Expert testimony on insurance matters