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What about legal and insurance risk analysis and management? Unnecessary risks can:
- Interrupt daily business operations
- Increase workers compensation insurance premiums and unemployment tax liability
- Forfeit lucrative business opportunities
- Restrict access to lending and other financial services
- Damage public relations
- Enhance employee turnover rates
Diligentiam offers a wide variety of services to both reduce the risk that your business will sustain losses, and mitigate the impact of losses upon your business when they occur. By integrating solutions in all areas of your business, we design effective strategies to successfully manage all risks to your company.
Structuring Your Business
to Reduce Insurance Premiums
Risk management starts before your business entity has even been formed. The structure of a business can impact its risk of loss. The experienced risk management professionals at Diligentiam can help you structure a new business – or restructure an existing business – to reduce your risk of loss as much as possible. This lowers your overall risk management profile with insurance carriers, which in turn reduces your company’s insurance premiums and increases cash flow.
Safety Inspections and Programs to
Reduce the Frequency of Loss Occurrence
Risk management is an ongoing strategy. In order to mitigate the risks of higher insurance premiums, premises liability, workers compensation claims, and other costly consequences, it is important for a business to constantly reevaluate and manage its risk. Diligentiam connects your business with objective experts who are practiced in the art of risk management. We inspect your premises and operations to identify all potential safety hazards. After analyzing our results to find the areas with unacceptable risk probabilities, we work with your business to design and implement safety programs that fit your company culture and meet your risk management needs.
Identifying Risk with Government Agencies
Compliance with government regulations is not just a legal mandate – it also protects your business from the expensive consequences of accident occurrence. The vast network of legal experts at Diligentiam will review your operations to identify all regulations which apply to your business, such as those propounded by the:
Your business may also be subject to the regulations of foreign government agencies. For example, a company doing business in Canada may be subject to the regulations of the:
- Canadian Food Inspection Agency
- Canadian Centre for Occupational Health and Safety
- Health Canada
- National Energy Board
- Canadian Nuclear Safety Commission
- Transportation Safety Board of Canada
- Canada Border Services Agency
With so many potential regulatory bodies, it is difficult to know whether your business is in compliance – or with what it should comply. Let the experienced professionals at Diligentiam secure your company’s compliance and save it the costs of fines, accidents, and insurance claims.
Claims Management Programs
Both legal and insurance claims can be reduced with the implementation of an effective risk management strategy. Our legal and risk management experts will review your business operations for potential claims of:
- Premises liability
- Workers compensation
- Unemployment insurance
- Negligence in training and supervision of employees
- Sexual harassment
- Equal employment opportunity issues
- Wrongful termination
- Violation of employment contracts
Once a claim has been filed, it is important to mitigate the loss it causes to your business. Some claims can be dismissed altogether by challenging them appropriately in a court of law or with your insurance carrier. The value of other claims can be reduced with an effective defense, thereby mitigating the impact the claim has upon your business. The legal and risk management experts at Diligentiam will find the best methods of effectively managing claims against your business.
Natural disasters and force majeure affect businesses, just as they affect homes and families. By identifying likely risks and implementing a corporate emergency preparedness plan for such events, the losses to your business can be mitigated – even when they are caused by unpredictable forces of nature.